Wiley Not-for-Profit GAAP: Interpretation and Application of Generally Accepted Accounting Principles for Not-for-Profit
- List Price: $71.00
- Binding: Paperback
- Publisher: John Wiley & Sons
- Publish date: 02/26/2001
- ISBN: 9780471397953
- ISBN10: 0471397954
The Financial Accounting Standards Board (FASB) defines nonprofit organizations as entities that possess the following characteristics not typically found in business enterprises:
-- They receive contributions of significant resources from resource providers who do not expect a commensurate or proportionate monetary return.
-- They operate for purposes other than to make a profit.
-- There is an absence of ownership interests like those of business enterprises.