Week 9 assignment 2 – financial reporting review of a not-for-profit

Week 9 Assignment 2 – Financial Reporting Review of a Not-for-Profit Organization

Overview

Select one not-for-profit organization in an area of interest to you  and review the financial statements and audit reports for the  organization. The financial statements and audit report of the  not-for-profit organization should be readily and publicly available on  their website.

Instructions

Write a 3–5 page paper in which you do the following:

  • Analyze the selected not-for-profit’s financial statements to  determine if the statements conform to the Financial Accounting  Standards Board (FASB) guidance in Financial Statements of Not-for-Profit Organizations.
  • Explain the selected organization’s use of the three fund categories.
  • Recommend at least two areas of potential interest to the stakeholder concerning the status of revenue and expenses.
  • Analyze the organization’s statement of cash flows.
  • Explain the format that the organization utilizes, including any  unique areas of emphasis that differ from the GAAP accounting format.
  • Compare the organization’s reporting of pledges and contributions  to reporting of exchange transactions. Discuss the funds that are used.
  • Assess the fiscal condition of the selected organization,  interpreting financial indicators and using financial ratios widely  accepted as being indicative of fiscal health.
  • Expand the assessment to include fundraising analysis, program review, contributions, and grant and revenue analyses.

This course requires the use of Strayer Writing Standards. For  assistance and information, please refer to the Strayer Writing  Standards link in the left-hand menu of your course. Check with your  professor for any additional instructions.

The specific course learning outcome associated with this assignment:

  • Evaluate the financial statements and fiscal condition of a not-for-profit organization relative to financial guidelines.
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