Question
The objective of this exercise is to get you familiar with the audited financial statements and IRS Form 990 of a Nonprofit Entity, the American
The objective of this exercise is to get you familiar with the audited financial statements and IRS Form 990 of a Nonprofit Entity, the American Cancer Society (www.cancer.org) and obtain the audited financial statements for the fiscal year ended December 31, 2014 and Form 990 for 2014. Form 990 can also be obtained from www.Guidestar.org
Answer the following questions.
The American Cancer Society changed its reporting fiscal year from August 31 to December 31 in 2013. What is the reason for the change? How will the change of the fiscal year affect your analysis of the Cancer Society's historical performance?
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