Nonprofit Accounting & Financial Statements: Overview for Board, Management, and Staff

by Thomas R. Ittelson

NEW 2nd EDITION with 2017 FASB Accounting Standards Update. A simple, yet complete (and very readable) guide to nonprofit accounting and financial statement reporting. Teaches how money enters the organization as donations and grants and then exits the organization as expenses or capital purchases. Shows how nonprofit financial transactions are recorded and how summaries are prepared and presented to stakeholders. No prior accounting knowledge is required. Immensely helpful information made accessible in an informal and witty way. An accounting book that is actually as enjoyable as it is useful! See the author's 60-page FULL COLOR companion book, "A Picture Book of Nonprofit Accounting Statements," also available on Amazon.

Genres: Accounting, Finance, Academic

258 pages, Kindle Edition

Published September 22, 2017

Reviews

[Ellen · Rating 4 out of 5]

A super quick refresher in preparation for my first board meeting.

[Carolyn · Rating 5 out of 5]

A quick and practical read for anyone who works or serves in the nonprofit sector on understanding financial basics and board members responsibility to an organization. Easy to understand with great examples to walk one through all necessary financial forms for a fully overview of an organization’s financial health. Favorite chapters for future use - Ch. 16 Measuring Financial Performance and Ch. 17 Ratios & Benchmarking. Highly recommended.

[Daphne · Rating 4 out of 5]

Clear, creative enough (uses a case study to show how various types of transactions appear on financial statements), and repetitive in a good way (drills home the most important aspects of reading and understanding nonprofit financial transactions).

[Jess · Rating 4 out of 5]

I found this a helpful book for nonprofit accounting and financial statements. The author made this book easy to read and understand so I would recommend this for anyone interested in this topic.

[Jessica · Rating 4 out of 5]

This was a really straightforward book on accounting for managers, directors, and board members. One I might keep on hand to reference and it was very reasonably priced!