About This Chapter
Nonprofit & College Accounting - Chapter Summary
Inside this self-paced accounting chapter, you'll find a series of short lessons that examine a variety of nonprofit and college accounting topics. Our expert instructors will help you understand nonprofit and college accounting principles, issues and funds, as well as university/college financial statements, transaction journals and net assets. Take the included quizzes to help make sure you retain the information you study. The chapter concludes with a comprehensive exam, and our instructors are available to answer any accounting questions you may have. When you're finished, you'll be able to:
- Recognize different types of not-for-profit organizations
- Summarize accounting principles for nonprofit organizations
- Evaluate common accounting problems in nonprofit universities, colleges and healthcare organizations
- Interpret the financial statements and transaction journals of nonprofit colleges
- Analyze net assets and financial statements for nonprofit universities
- Describe various types of university funds
- Explain how colleges and universities deal with funds in accounting
- Identify types of nonprofit healthcare funds
1. Not-For-Profit Organizations: Types & Examples
This lesson will give an overview of not-for-profit organizations. The different types of not-for-profit organizations will be given and examples will be explored.
2. Accounting Principles for Nonprofit Organizations
This lesson will go over the various accounting principles for nonprofit organizations, and how they differ from corporations. Nonprofits must keep a clear record of what money they take in and how the money goes out. Furthermore, nonprofits have a number of ways that they can generate revenue and keep it all tax exempt.
3. Accounting Issues in Nonprofit Colleges & Universities
This lesson discusses accounting issues for nonprofit colleges. Specifically, we look at financial statements, income and expenditure accounts, balance sheets, and how a nonprofit college raises money.
4. Types of University Funds in Accounting
Accounting in colleges and universities is different than accounting in other organizations. In this lesson, we'll discuss how sources of funds can have a significant impact on a university's accounting system.
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