Not‐for‐Profit Accounting, Tax, and Reporting Requirements

Classification of tax-exempt organizations -- Disclosure of information -- Using CPA firms and understanding their functions -- Internal Revenue Services audits -- Tax on unrelated business income and Form 990-T -- Wholly owned taxable subsidiaries - Restricted-fund transactions -- Internal control -- The accounting policies and procedures manual -- Tax implications of lobbying expenditures -- Other IRS issues -- IRS filing requirements and forms -- The basics of not-for-profit accounting and financial statements -- The basics of intermediate sanctions -- The basics of filing IRS Form 990 -- Appendix A: Statement of Financial Accounting Standards #117 : financial statements of not-for-profit organizations -- Appendix B: Statement of Financial Accounting Standards #116 : accounting for contributions received and contributions made -- Appendix C: Statement of Financial Accounting Standards #124 : accounting for certain investments held by not-for-profit organizations -- Appendix D: Statement of Financial Accounting Standards #136 : transfer of assets to a not-for-profit organization or charitable trust that raises or holds contributions for others.