Index
- accelerated depreciation methods
- accounting
- for monetary assets and liabilities
- for pensions and postretirement benefits
- push down
- for uncertainty in income taxes
- accounting changes
- accounting estimates
- accounting principles
- accounting requirements
- by affiliated organizations
- checklist
- disclosures
- equity securities
- error corrections
- interim reporting
- perspective and issues
- reporting entities
- unrestricted contributions
- accounting principles
- changes made in interim period
- checklist
- justification for change
- Accounting Standards Updates (ASUs)
- 2009-12
- 2010-6
- 2010-07
- 2010-11
- 2010-17
- 2010-28
- 2010-29
- 2011-04
- 2011-7
- 2011-8
- 2011-11
- 2012-02
- 2012-05
- 2013-03
- 2013-04
- 2013-06
- 2013-10
- 2013-12
- 2014-05
- 2014-09
- 2014-15
- 2014-17
- 2015-01
- 2015-02
- 2015-04
- 2015-5
- 2015-07
- 2015-11
- 2015-14
- 2016-02
- 2016-07
- 2016-10
- 2016-14
- 2016-15
- 2016-18
- 2017-01
- 2017-02
- 2017-04
- accrual basis accounting
- advantages
- versus cash
- combination with cash basis accounting
- requirements
- statement example
- accrued pension cost
- accumulated benefit obligation
- accumulated postretirement benefit obligation
- acquisitions see mergers and acquisitions
- actual return on plan assets
- actuarial present value
- advertising
- income
- affiliated organizations
- accounting by beneficiaries
- affiliates of a common parent
- asset-holding affiliate
- concepts, rules, and examples
- consolidations and equity method guidance
- control checklist
- disclosures
- financially interrelated not-for-profit organizations
- fundraising affiliate of a “parent” organization
- investments in for-profit entities
- pass-through gifts
- perspective and issues
- program activity affiliate
- recipient organization
- related-party disclosures
- reporting entity definition
- support
- transfer of assets that are not contributions
- types of relationships,
- agency transactions
- reporting
- agent
- definition
- AICPA see American Institute of Certified Public Accountants
- American Institute of Certified Public Accountants (AICPA)
- amortization
- assets, intangible
- of unrecognized amount at date of initial SFAS 87 application
- of unrecognized prior service cost
- annual information return
- annuities
- charitable gift annuity
- annuity contract
- appropriation accounting
- asset-holding affiliate
- assets
- accounting
- acquired with gifts or grantsx
- checklist for intangible
- current
- elements of change in net assets
- expropriation
- gifts of long-lived
- long-lived checklist
- mergers and acquisitions
- noncurrent
- offsetting
- purchases of long-term
- receipts and disbursements
- sales of long-term
- assets, intangible
- amortization
- concepts, rules, and examples
- disclosure requirements
- goodwill
- internally developed
- perspective and issues
- recognition and measurement of an impairment loss
- recording
- useful life determination
- zero or negative reporting units
- assets, long-lived
- to be disposed of
- changes in depreciation calculations
- concepts, rules, and examples
- contributed
- cost
- depreciation and
- depreciation methods
- disclosure requirements
- example
- impaired
- impairment
- partial-year depreciation
- perspective and issues
- recoverability
- retirement obligations
- associations
- see also trade associations
- appropriation accounting
- functional reporting
- section or group reporting
- separate charitable organizations
- assumptions
- ASUs see Accounting Standards Updates
- attribution
- attribution period
- balance sheet
- sample
- bargain purchases
- bargain renewal option
- beneficiaries
- accounting by affiliated organizations
- bequests
- see also contributions
- board-designated funds
- budgets
- boards of directors
- board-created fund
- board-designated endowments
- bonds
- bookkeepers
- books
- value
- borrowing
- interfund
- budgets
- action by the board
- allocation of annual budget to monthly or quarterly periods
- alternate presentation
- comparisons
- deviations from
- expense
- five-year master plan
- functions of
- importance
- interim statements
- levels of reserves
- monthly and quarterly
- perspective and issues
- preparation
- responsibility for preparation
- statement of income and expenses
- variable
- business combination accounting
- callable obligations
- capitalization of interest costs
- amount of interest capitalized
- assets acquired with gifts or grants
- concepts, rules, and examples
- disclosure requirements
- land
- perspective and issues
- requirements
- on tax-exempt borrowings
- time period
- capital leases
- capital shares
- clubs
- career-average-pay formula
- cash basis accounting
- versus accrual basis accounting
- advantages
- churches
- combination with accrual statements
- concepts, rules, and examples
- conversion to accrual basis statement example
- definition
- legal requirements
- modified
- operating activities
- perspective and issues
- predominance principle
- statement example
- cash flows
- checklist
- direct method statement
- from financing activities
- gross and net
- hedges
- indirect method statement
- from investing activities
- charitable gift annuity
- charitable lead trust
- charitable organizations
- Federal and State tax reporting and regulatory requirements
- charitable remainder annuity trusts (CRAT)
- charitable remainder trust
- charitable remainder unitrusts (CRUT)
- charities
- contribution acknowledgment
- excise taxes
- individual tax deductions
- solicitation disclosures
- churches
- see also religious organizations
- adequacy of bookkeeping staff
- cash basis accounting
- fixed assets and depreciation
- clubs
- see also country clubs
- capital shares
- fixed asset accounting
- initiation fees
- unrelated business income
- CMO see collateralized mortgage obligation
- Codification
- collateralized mortgage obligation (CMO)
- collections
- see also museum collections
- capitalized after adoption of SFAS
- capitalized items
- checklist
- concepts, rules, and examples
- disclosure requirements
- items not capitalized
- perspective and issues
- colleges
- community foundations
- comparative financial information
- concepts, rules, and examples
- disclosure requirements
- perspective and issues
- conduit debt obligors
- consolidations
- contingencies
- accounting for uncertainty in income taxes
- checklist
- concepts, rules, and examples
- consideration payments
- disclosure requirements
- financial statements
- gain
- going concern
- loss
- obligations
- perspective and issues
- contingent consideration payments
- contingent rentals
- contracts
- costs of obtaining
- costs to fulfill
- definition
- for goods or services from restricted grants
- performance obligations
- recording of revenue
- termination costs
- contributed facilities
- contribution disclosures
- checklist
- contributions
- see also bequests; pledges
- accounting for contributions received checklist
- accounting for unrestricted contributions
- acknowledgment
- concepts, rules, and examples
- costs to fulfill contract with customer
- disclosure requirements
- donor-restricted
- exchange transactions
- fair value
- fundraising
- gifts-in-kind
- perspective and issues
- program ownership checklist
- purpose-restricted checklist
- reporting on a gross basis
- restricted
- support not currently expendable
- troubled debt restructurings
- unrestricted
- contributory plan
- control
- affiliated organization checklist
- definition
- corporate-owned life insurance policies
- proceeds
- cost flow
- assumptions
- costumes
- country clubs
- see also clubs
- membership shares
- coupon interest rates
- CRAT see charitable remainder annuity trusts
- creditors
- FASB ASC 314-10
- credit risk
- CRUT see charitable remainder unitrusts
- current assets
- classification
- description
- offsetting
- current liabilities
- callable obligations
- offsetting
- perspective and issues
- current restricted fund
- current unrestricted fund
- curtailment
- dealer
- death see bequests
- debt
- checklist
- conduit obligors
- extinguishment costs
- long-term
- prepayment
- restructurings
- settlement
- short-term
- debtors
- debt securities
- definition
- deferred compensation contracts
- defined benefit pension plan
- defined contribution pension plan
- Definition of a Public Business Entity—an Addition to the Master Glossary
- depreciation
- accelerated method
- assets and
- changes in calculations
- checklist
- churches
- group (composite) method
- methods
- partial-year
- replacement method
- retirement method
- straight-line method
- depreciation accounting
- private schools
- derivative instruments
- checklist
- definition
- split-interest agreements
- Derivatives Implementation Group (DIG)
- DIG see Derivatives Implementation Group
- direct costing
- inventory
- disaggregation
- level
- disclosures
- accounting changes
- affiliated organizations
- assets, intangible
- assets, long-lived
- capitalization of interest costs
- checklist
- collections
- comparative financial information
- contingencies
- contributions
- fair value of services received but not recognized
- Financial Accounting Standards Board
- financial instruments
- full
- functional reporting
- fundraising
- guarantees
- inventory
- investments
- lease checklist
- leases
- long-term liabilities
- net assets
- pensions and postretirement benefits
- reduced requirements for nonpublic entities
- related-party
- solicitation
- split-interest agreements
- statement of activities
- statement of cash flows
- statement of financial position
- discounts
- measurement
- dividend
- income
- donations
- inventory
- versus purchase checklist
- donor-restricted contributions
- investments
- donors
- deductibility of charitable contributions
- name of donor fund
- stipulations
- dues
- public broadcasting stations
- economic interest
- definition
- election dates
- employers
- see also multiemployer plans
- with two or more postretirement plans
- endowments
- board-designated
- donor-restricted funds
- gains and losses
- gifts
- net assets reporting
- quasi-endowment fund
- restricted income
- environmental remediation liability
- EPBO see expected postretirement benefit obligation
- equity method
- accounting
- affiliated organizations
- calculations
- changes
- distributions
- equity securities
- application
- definition
- impairment
- error corrections
- estimated residual value
- exchange transactions
- allocation of transaction price
- contract with customer
- performance obligations in the contract
- revenue
- transaction price determination
- excise tax
- charities
- private foundation
- executory costs
- exempt status
- expected long-term rate of return on plan assets
- expected postretirement benefit obligation
- expected return on plan assets
- expendable current support
- unrestricted contributions
- expenses
- analysis
- budgets
- classification
- example of analysis
- gross amounts
- performing arts organizations
- recognition
- statement of activities
- explicit approach to assumptions
- facilities use
- fair value
- assets, intangible
- checklist
- definitions
- disclosures
- financial instruments
- hedges
- leased property
- measurement in premiums and discounts
- measurement option,
- 491
- mergers and acquisitions
- reporting changes
- services received but not recognized
- FASB see Financial Accounting Standards Board
- FASB ASC
- accounting requirements for pensions and postretirement benefits
- Federal and State tax reporting and regulatory requirements
- annual information returns
- charitable organizations
- importance of reporting requirements
- initial registration
- intermediate sanctions
- noncharitable exempt organizations
- organizations exempt from tax
- principal federal tax forms filed
- private foundations
- private inurement
- private operating foundations
- registration and requirements
- reports by recipients of federal support
- return inspection
- state compliance requirements
- title-holding companies
- trade associations
- unrelated business income
- FIFO see first-in first out
- final-pay formula
- finance
- cash flows
- Financial Accounting Standards Board (FASB)
- business combinations
- disclosure requirements
- funded status of a single-employer defined benefit postretirement plan
- measurement date of plan assets and benefit obligations
- multiemployer plans that provide benefits
- multiemployer plans that provide postretirement benefits other than pensions
- non-US pension arrangements
- other pension considerations
- plan settlements and curtailments
- postretirement benefits other than pensions
- termination benefits
- financial assets
- definition
- financial instruments
- checklist
- concepts, rules, and examples
- credit risk concentration
- derivative instruments
- disclosure requirements
- election dates
- fair value disclosures
- fair value measurement option
- perspective and issues
- reporting changes in fair value
- financial liability
- definition
- financial position
- checklist
- financial statements
- available to be issued
- changes in individual funds
- columnar presentations
- comparison with last year's figures
- complexity
- contingent items
- contributions
- disclosure requirements
- expense budgets
- financial position
- fourth quarter adjustments
- fund accounting
- income and expenses
- interim reporting
- internal
- issued
- net assets
- performing arts organizations
- presentation
- religious organizations
- split-interest agreements
- supplementary
- financing activities
- noncash
- nonrecourse
- financing agreement
- first-in, first out (FIFO)
- fiscal years
- differences
- discrepancies
- 501(c)(2)
- 501(c)(3)
- 501(c)(4)
- five-year master plan
- development
- estimating costs
- example
- illustrative
- income plan
- procedures
- setting goals
- fixed asset accounting
- clubs
- museum collections
- performing arts organizations
- fixed asset fund
- fixed assets
- churches
- public broadcasting stations
- flat-benefit formula
- Form 990
- Form 990-EZ
- Form 990-EZ, short form
- Form 990-N, e-postcard
- Form 990-PF
- Form 990-PF, return of private foundation
- Form 990-T, exempt organization business income tax return
- Form K-1s
- for-profit organizations
- affiliated organization investments
- foundations see private foundations
- excise tax
- fourth quarter adjustments
- fraternities
- “Friends of . . .” organizations
- full absorption costing
- inventory
- full eligibility (for benefits)
- functional reporting
- affiliated organizations
- associations
- checklist
- classification of expenses for more than one function
- concepts, rules, and examples
- cost of sales of contributed inventory
- disclosure requirements
- functional classifications
- perspective and issues
- professional societies
- program services
- reporting example
- supporting services
- fund
- definition
- fund accounting
- alternative fund groupings
- board created
- categories of funds
- concepts, rules, and examples
- elimination of funds for reporting purposes
- perspective and issues
- sample balance sheet
- typical financial statements
- fund balance
- definition
- funding policy
- fundraising
- concepts, rules, and examples
- contributed items
- disclosure requirements
- joint costs
- perspective and issues
- reporting no fundraising expenses
- reporting special events
- gain
- gain (loss) component of net pension cost
- gain contingencies
- gain or loss component (of net periodic pension cost)
- gains
- classification
- endowment
- statement of activities
- generally accepted accounting principles
- gifts
- annuities
- capitalization of interest costs
- charitable gift annuity
- conditional versus restricted checklist
- endowment
- fund accounting
- long-lived assets
- pass-through
- gifts-in-kind
- disclosures about valuation techniques
- fixed assets
- fundraising
- museum collections
- services provided by other organizations
- use of facilities
- valuation techniques
- volunteer services
- goodwill
- assets, intangible
- impairment test
- mergers and acquisitions
- grants
- capitalization of interest costs
- contracts for goods or services
- prepayment versus cost-reimbursement
- private foundations
- public broadcasting stations
- research and scientific organizations
- for specific projects
- group (composite) depreciation method
- guarantee of residual value
- guarantees
- loss contingencies
- the Guide see Private Company Decision-Making Framework: A Guide for Evaluating Financial Accounting and Reporting for Private Companies
- “haircuts,”
- health care organizations
- functional reporting
- health organizations
- hedges
- cash flow
- fair value
- IFRS see International Financial Reporting Standards
- impairment
- recognition and measurement of a loss
- implicit interest rate
- inception of the lease
- income
- distribution
- dividend
- interest
- recognition of pledges
- restricted income from endowments
- unrelated business income
- income taxes
- accounting for uncertainty contingencies
- checklist
- interim reporting
- investments
- uncertainty in provisions
- incremental borrowing rate
- initial direct costs
- initial direct leasing costs
- initiation fees
- insurance claims
- loss contingencies
- proceeds from settlement
- insurance contract
- intangible assets
- checklist
- interest cost component
- capitalization of interest costs
- of new periodic pension cost
- interest-free loans
- interest income
- interest rates
- coupon
- example of applying effective interest method
- factors affecting
- implicit
- interfund borrowing
- interim reporting
- accounting changes
- concepts, rules, and examples
- disclosure requirements
- discontinued operations and extraordinary items
- inventories
- perspective and issues
- public entities
- revenue and expense recognition
- subsequent events
- unrelated business income taxes
- intermediary
- definition
- Internal Revenue Code (IRC)
- Internal Revenue Service (IRS)
- International Financial Reporting Standards (IFRS)
- inurement, private
- inventories
- interim reporting
- inventory
- checklist
- concepts, rules, and examples
- cost flow assumptions
- direct costing
- disclosure requirements
- donated
- first-in, first-out
- full absorption costing
- functional reporting of cost of sales of contributed inventory
- interim financial statements
- last-in, first-out
- lower of cost or market
- perspective and issues
- specific identification
- valuation
- values in business combinations
- investing activities
- noncash
- investment income
- excise tax
- unrestricted
- investments
- accounting rules
- alternative
- cash flows
- checklist
- concepts, rules, and examples
- disclosure requirements
- disclosures
- donor-restricted endowment funds
- equity method of accounting
- expenses
- fair value disclosures
- impairment of equity securities reported at cost
- income
- liquidity restrictions
- loans acquired in a transfer
- net asset value per share
- noncash
- perspective and issues
- pooling
- reporting realized gains and losses
- sale
- investment securities
- IRC see Internal Revenue Code
- irrevocable split-interest agreements
- recognition during agreement's term
- recognition upon termination of agreement
- unconditional
- IRS see Internal Revenue Service
- joint costs
- allocation checklist
- audience criterion
- criteria
- guidance
- incidental activities
- program functions
- purpose criterion
- understanding
- kick-out rights
- land
- capitalization of interest costs
- last-in, first-out (LIFO)
- LCM see lower of cost or market
- leases
- accounting for changes in lease agreements resulting from refunding of tax-exempt debt
- accounting in a business combination
- change in residual value
- changes in provisions
- checklist
- classification
- components
- concepts, rules, and examples
- definitions of terms
- description
- direct costs
- direct financing
- disclosure requirements
- effective date
- extension
- failure to renew
- inception
- lessee accounting
- lessor accounting
- leveraged
- operating
- perspective and issues
- real estate
- related and unrelated parties in leasing transactions
- between related parties
- renewal
- renewal or extension of existing lease
- reporting
- sale-leaseback transactions
- sale or assignment to third parties
- sales-type
- sublease accounting
- termination
- transfers of residual value
- lease term
- legalities
- for cash basis accounting
- legislation
- Pension Protection Act of
- Taxpayer Relief Act of
- Tax Reform Act of
- Tax Reform Act of 1976
- Uniform Management of Institutional Funds Act of
- Uniform Prudent Management of Institutional Funds Act of
- lessee accounting
- classification
- disclosure requirements
- leases involving land and building
- leases involving land only
- real estate
- lessor accounting
- classification
- disclosure requirements
- real estate
- “letter of the law” accounting standards
- liabilities
- accounting
- current
- long-term
- noncurrent
- offsetting
- libraries
- life insurance
- proceeds
- LIFO see last-in, first-out
- liquidity
- investments
- restrictions in investments
- litigation
- loss contingencies
- loan guarantees
- loans
- acquired in a transfer
- receivable
- lobbying expenses
- long-term assets
- purchases
- sales
- long-term debt
- long-term liabilities
- accounting for costs associated with exit or disposal activities
- concepts, rules, and examples
- contract termination costs
- disclosures
- environmental remediation liability
- extinguishment of debt
- notes and bonds
- one-time termination benefits
- perspective and issues
- recognition
- restructuring with gain/loss recognized
- restructuring with no gain/loss recognized
- scope
- statement of activities presentation
- troubled debt restructurings
- loss
- loss contingencies
- allowance for uncollectible receivables
- claims-made insurance policies
- contract revenue concentration
- contributor concentration
- expropriation of assets
- general rules
- guarantees
- joint and several liability
- litigation and claims
- noncompliance with donor or grantor restrictions
- revenue concentration
- risks and uncertainties
- uninsured risks
- vulnerability
- losses
- classification
- endowment
- statement of activities
- lower of cost or market (LCM)
- majority voting interest
- definition
- managed fund groups
- manufacturer
- market-related value of plan assets
- master plan see five-year master plan
- measurement date
- mergers and acquisitions
- accounting for a merger
- accounting for an acquisition
- assets required and liabilities assumed
- consideration transferred
- definitions
- determining acquisition date
- disclosures for a merger
- disclosures for an acquisition
- distinguishing between
- goodwill acquired
- goodwill previously recognized
- identifying the acquirer
- measurement period
- perspective and issues
- presentation
- push down accounting
- minimum lease payments
- minimum rental payments
- mortality rate
- multiemployer plans
- that provide benefits
- that provide postretirement benefits other than pensions
- museum collections
- see also collections
- contributed facilities
- fixed asset accounting
- valuing the collection as an asset
- national charities
- net assets
- board-designated endowment
- classification reported in a prior year
- concepts, rules, and examples
- disclosure requirements
- elements of change
- endowment fund reporting
- financial statement presentation
- permanently restricted
- perspective and issues
- presentation of information
- temporarily restricted
- unrestricted
- net pension expense
- net periodic pension cost
- NFP see not-for-profit organizations
- noncancelable lease
- noncharitable exempt organizations
- noncurrent assets
- noncurrent liabilities
- “nonexchange” transactions
- nonmonetary transactions
- checklist
- nonrecourse financing
- notes
- example of accounting for note exchanged for property
- noncash transactions
- receivable
- used for cash
- Not-for-Profit Entities (Topic 958) Presentation of Financial Statements of Not-for-Profit Entities
- not-for-profit (NFP) organizations
- affiliations with other organizations
- boards of directors
- differences between profit organizations and
- disclosure of fair value of services received but not recognized
- financially interrelated
- financial statements
- generally accepted accounting principles
- importance of budgets
- information about
- overview
- ownership interest
- perspective and issues
- purpose
- seasonality
- specific types
- obligations
- callable
- contingent
- disclosure requirements
- expected to be refinanced
- OPEB see other postemployment benefits
- operating activities
- adjustments
- direct method presentation
- indirect method presentation
- interim reporting of discontinued operations
- reporting discontinued
- operating lease
- other postemployment benefits (OPEB)
- ownership interest
- definition
- parent organization
- pass-through gifts
- PBGC see Pension Benefit Guaranty Corporation
- penalty
- Pension Benefit Guaranty Corporation (PBGC)
- Pension Protection Act of 2006
- pensions and postretirement benefits
- accounting requirements of FASB ASC 715-20
- amendments
- checklist
- commitment
- concepts, rules, and examples
- defined benefit
- defined contribution
- definitions of terms
- disclosure requirements
- disclosure standards
- interest cost component
- other postemployment benefits
- perspective and issues
- service costs
- summary of net periodic pension costs
- vested benefit obligations
- performance obligation
- definition
- performing arts organizations
- costumes and stage scenery as fixed assets
- expense recognition
- financial statement presentation
- ticket revenue
- perpetual trust
- held by third party
- plan amendment
- pledges
- see also contributions
- allowance for uncollectible
- assessment checklist
- checklist
- conditional versus restricted checklist
- conditions versus restrictions
- discounted to present value
- discounting cash contributions
- for extended periods
- public broadcasting stations
- recognition as income
- recording as asset
- pooled (life) income fund
- pooling of investments
- postretirement benefits
- see also pensions and postretirement benefits
- predominance principle
- premiums
- measurement
- prepaid pension cost
- prior service cost
- Private Company Decision-Making Framework: A Guide for Evaluating Financial Accounting and Reporting for Private Companies
- private foundations
- annual information return
- community
- distribution of income
- excise tax on investment income
- Federal and State tax reporting and regulatory requirements
- investments that jeopardize exempt functions
- prohibited expenditures
- prohibited transactions
- recording liability for grants awarded
- self-dealing
- tax consequences of gifts of securities
- private operating foundations
- advantages
- qualifying tests
- private schools
- accounting manual
- depreciation accounting
- professional societies
- appropriation accounting
- functional reporting
- section or group reporting
- separate charitable organizations
- profit organizations
- differences between not-for-profit organizations and
- pro forma information, supplemental
- program activity affiliate
- projected benefit obligation
- promise to give see pledges
- property
- economic life
- residual value
- public broadcasting stations
- accounting guidance
- donated services of volunteers
- fixed assets
- grants received/program underwriting
- member dues/pledges
- program production costs
- public entities
- conduit debt obligors
- definition
- interim reporting
- mergers and acquisitions
- push down accounting
- mergers and acquisitions
- quasi-endowment fund
- real estate
- leases
- leases involving equipment and
- leases involving land and building—lessee accounting
- leases involving land only—lessee accounting
- leases involving only part of building
- sale-leaseback accounting
- recipient organization
- reclassifications
- statement of activities
- recognition
- expenses
- revenues
- refinancing
- short-term obligations
- registration requirements
- related-party
- definition
- disclosures
- leases between
- transactions checklist
- religious organizations
- see also churches
- allocations from other organizations
- financial statements
- other than churches
- remainder trusts
- replacement depreciation method
- reporting
- see also Federal and State tax reporting and regulatory requirements
- contributions on a gross basis
- elimination of funds for reporting purposes
- interim
- investments
- reporting entity
- definition
- research and scientific organizations
- recording future grant awards
- timing of recording contract revenue
- reserves
- restricted endowment fund
- retirement
- conditional asset retirement obligation
- depreciation method
- long-lived asset obligations
- retroactive benefits
- revenues
- classification
- gross amounts
- recognition
- statement of activities
- timing of recording
- revocable split-interest agreements
- “right of setoff,”
- risks
- checklist
- uninsured
- sale-leaseback accounting
- sanctions
- schools see private schools
- scientific organizations see research and scientific organizations
- seasonality
- SEC see United States Securities and Exchange Commission
- securities
- equity
- securitization transactions
- segment disposal
- self-dealing
- service cost component (of net periodic pension cost)
- service efforts
- statement of activities
- services
- to affiliated organizations
- program services
- provided by other organizations
- supporting
- settlement
- SFAS
- short-term debt
- short-term obligations
- expected to be refinanced
- sick leave
- social and recreation clubs
- exempt status
- Federal and State tax reporting and regulatory requirements
- membership shares
- substantiation requirements
- unrelated business income
- solicitation disclosures
- sororities
- special events
- special-purpose entities (SPEs)
- SPEs see special-purpose entities
- split-interest agreements
- see also trusts
- charitable gift annuity
- charitable lead trust
- charitable remainder trust
- concepts, rules, and examples
- description
- disclosure requirements
- with embedded derivative instruments
- examples
- financial statement presentation
- irrevocable
- perpetual trust held by third party
- perspective and issues
- pooled (life) income fund
- revocable
- stage scenery
- standalone selling price
- state compliance requirements
- registration for organizations having assets within the state
- registration for organizations soliciting funds
- statement of activities
- checklist
- classification of revenues, expenses, gains and losses, and reclassifications
- concepts, rules, and examples
- contributions
- disclosure requirements
- elements of change in net assets
- financial statement presentation
- information about an organization's operations
- information about an organization's service efforts
- information about gross amounts of revenues and expenses
- long-term liabilities
- perspective and issues
- volunteer services
- statement of cash flows
- cash and cash equivalents
- classification
- concepts, rules, and examples
- direct method statement
- disclosure requirements
- from financing activities
- gross and net
- indirect method statement
- from investing activities
- noncash investing and financing activities
- operating activities presentation
- perspective and issues
- statement of financial position
- acceptable formats
- classified
- concepts, rules, and examples
- disclosure requirements
- liquidity
- offsetting assets and liabilities
- perspective and issues
- sequenced
- statements
- accrual-basis
- cash-basis
- straight-line depreciation method
- sublease accounting
- subsequent events
- checklist
- definition
- nonrecognized
- recognized
- subsidiary
- purchase or sale
- substantive plan
- support
- not currently expendable
- taxes see Federal and State tax reporting and regulatory requirements
- advice
- consequences of gifts of securities
- excise
- on income of a taxable subsidiary of a nonprofit organization
- individual deductions
- organizations exempt from
- tax-exempt borrowings
- on unrelated business income
- Taxpayer Relief Act of 1997
- tax rates
- estimate
- unrelated business income
- Tax Reform Act of
- Tax Reform Act of 1976
- ticket revenue
- title-holding companies
- unrelated business income
- Topic 958 see Not-for-Profit Entities (Topic 958) Presentation of Financial Statements of Not-for-Profit Entities
- trade associations
- Federal and State tax reporting and regulatory requirements
- lobbying expenses
- unrelated business income
- trade shows
- transactions
- “nonexchange,”
- price
- transition obligation
- troubled debt restructurings
- trustee
- definition
- third party
- trusts
- see also split-interest agreements
- perpetual
- remainder
- 20% accounting method rule
- UBI see unrelated business income
- UMIFA see Uniform Management of Institutional Funds Act of
- underwriting
- public broadcasting stations
- unfunded accumulated benefit obligation
- unfunded accumulated postretirement benefit obligation
- unguaranteed residual value
- Uniform Management of Institutional Funds Act of 1972 (UMIFA)
- Uniform Prudent Management of Institutional Funds Act of 2006 (UPMIFA)
- United States Securities and Exchange Commission (SEC)
- universities
- unrecognized net gain or loss
- unrecognized prior service cost
- unrelated business income (UBI)
- caveats
- definition
- exclusions
- need for competent tax advice
- tax rates
- title-holding companies
- uncertainty in income tax provisions
- unrelated parties
- unrestricted investment income
- UPMIFA see Uniform Prudent Management of Institutional Funds Act of
- vacation
- valuation
- change in provisions of lease
- change in residual value
- disclosures about techniques used
- estimated residual value
- guarantee of residual value
- inventory
- techniques
- transfers of residual lease value
- unguaranteed residual value
- values in business combinations
- volunteer services
- functional reporting
- public broadcasting stations
- statement of activities
- voting interest
- definition
- welfare organizations
- functional reporting
- “write-ups,”
- zero-coupon debt instruments
- settlement
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