Assignment 2: Non-for-Profit Financial Reporting Review

Due Week 9 and worth 240 points

Select one (1) not-for-profit organization in an area of interest to you and review the financial statements and audit report for the organization. The financial statements and audit report of the not-for-profit organization should be readily and publically available on an active Website.

Write three to five (3-5) page paper in which you:

1. Analyze the selected not-for-profit's financial statements to determine if the statements conform to Financial Accounting Standards Board (FASB) guidance in Statement No. 117, Financial Statements of Not-for-Profit Organizations (FASB ASC 958-205-45). Explain the selected organization's use of the three (3) fund categories. Recommend at least two (2) areas of potential interest to the stakeholder concerning the status of revenue and expenses.
2. Analyze the organization's statement of cash flows. Explain the format that the organization utilizes, including any unique areas of emphasis that differ from-GAAP accounting format.
3. Compare the organization's reporting of pledges and contributions to its reporting of exchange transactions. Discuss the funds that are utilized.
4. Assess the fiscal condition of the selected organization utilizing and interpreting nancial indicators, using nancial ratios that are widely accepted as being indicative of scal health. This assessment should also be expanded to include fund-raising analysis, program review, contributions, and grant analysis and revenue analysis.

** Please note I am not wanting to submit someone's else's work as mine. My intention is to use as a guideline to construct my paper. It getting started and being on the right track that is my weakness in papers. Your assistance is appreciated and thank you in advance.

Please let me know if you can help me out.