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Non Profit Accounting March 2016

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Page 1: Non Profit Accounting March 2016

NON-PROFIT

ACCOUNTING

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Page 2: Non Profit Accounting March 2016

I n t h i s s e c t i o n w e w i l l c o v e r :

Terminology

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Page 3: Non Profit Accounting March 2016

I n t h i s s e c t i o n w e w i l l c o v e r :

TerminologySimilarities

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Page 4: Non Profit Accounting March 2016

I n t h i s s e c t i o n w e w i l l c o v e r :

TerminologySimilaritiesDifferences

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Page 5: Non Profit Accounting March 2016

https://www.youtube.com/watch?v=pEZez5LHYMA

Click here for the narratedversion of this deck on

Takes less than 3 minutes.

https://www.youtube.com/watch?v=KSShDylN2l8
https://www.youtube.com/watch?v=pEZez5LHYMA
Page 6: Non Profit Accounting March 2016

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VHWOVoluntary Health and Welfare Organization

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Page 7: Non Profit Accounting March 2016

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STATEMENTOF

FUNCTIONALEXPENSES

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Page 8: Non Profit Accounting March 2016

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MANDATORYFORVHWO

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Page 9: Non Profit Accounting March 2016

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SIMILARITYFINANCIALREPORTINGFORMAT

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Page 10: Non Profit Accounting March 2016

F O R P R O F I TBalance Sheet

Income StatementCash Flows

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Page 11: Non Profit Accounting March 2016

N O N - P R O F I TFinancial Position

ActivitiesCash Flows

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Page 12: Non Profit Accounting March 2016

N O N - P R O F I TFinancial Position

ActivitiesCash Flows

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Page 13: Non Profit Accounting March 2016

N O N - P R O F I TFinancial Position

ActivitiesCash Flows

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Page 14: Non Profit Accounting March 2016

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OPERATINGFINANCINGINVESTING

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Page 15: Non Profit Accounting March 2016

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DIFFERENCE

Equity Section

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Page 16: Non Profit Accounting March 2016

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DIFFERENCE

Net Position

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Page 17: Non Profit Accounting March 2016

NET POS IT IONUnrestrictedTemporarilyPermanently

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Page 18: Non Profit Accounting March 2016

NET POS IT IONUnrestrictedTemporarilyPermanently

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Page 19: Non Profit Accounting March 2016

NET POS IT IONUnrestrictedTemporarilyPermanently

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Page 20: Non Profit Accounting March 2016

R e c a p o f w h a t w e c o v e r e d :

VHWO needs a statement offunctional expenses

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Page 21: Non Profit Accounting March 2016

R e c a p o f w h a t w e c o v e r e d :

VHWO needs a statement offunctional expensesSimilar financial reportingframework

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Page 22: Non Profit Accounting March 2016

R e c a p o f w h a t w e c o v e r e d :

VHWO needs a statement offunctional expensesSimilar financial reportingframeworkThere are differences

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Page 23: Non Profit Accounting March 2016

We hope this helps.If you found this presentation useful

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