Form and Content of Not-for-Profit Financial Statements

In Chapter 12 of the textbook, we explore the form and content requirements of financial statements of not-for-profit entities, as described by Financial Accounting Standards Board (FASB) Statement No. 117.

  • Identify and research one (1) not-for-profit organization and provide the Web link to the most recent financial report of the organization.  The organization identified should include business and investment activities. 
  • Contrast the treatment of business type activities in the financial report of the not-for-profit entities and governments.
  • Identify one (1) significant difference in accounting for investments by the not-for-profit and the for profit business.

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