May 2, 2002 | Read Time: 1 minute
Not-for-Profit Accounting Made Easy
by Warren Ruppel
Terms like “deferred income” and “cash equivalents” are explained in plain English in Not-for-Profit Accounting Made Easy, written primarily for those who haven’t received professional training in accounting.
Besides basic accounting terminology, the book covers accounting and reporting standards, how to read a nonprofit financial statement, and accounting peculiarities associated with health-care, education, and religious nonprofit organizations.
Warren Ruppel, New York City’s assistant comptroller for accounting and financial reporting, also simplifies the complex subject by scattering examples, advice, and tips throughout the book.
The first chapter, a basic overview of accounting principles and standards that are discussed at length later in the book, gives definitions and examples of assets, liabilities, revenue, and expenses typically found on nonprofit organizations’ financial statements. Mr. Ruppel also provides instructions on how to analyze the financial health of an organization, and covers recent changes in generally accepted accounting principles, known as GAAP, which are set by the Financial Accounting Standards Board.
Publisher: John Wiley & Sons, 1 Wiley Drive, Somerset, N.J. 08875; (800) 225-5945; fax (800) 597-3299; http://www.wiley.com; 248 pages; $29.95; I.S.B.N. 0-471-20679-2.
