Download or read book Wiley Not-for-Profit GAAP 2009 written by Richard F. Larkin and published by John Wiley & Sons. This book was released on 2009-01-27 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wiley Not-for-Profit GAAP annual is a comprehensive accounting and financial reporting guide for use by not-for-profit organizations and their auditors in preparing financial statements in accordance with generally accepted accounting principles (GAAP). The Financial Accounting Standards Board (FASB) defines nonprofit organizations as entities that possess the following characteristics not typically found in business enterprises: 1) They receive contributions of significant resources from resource providers who do not expect a commensurate or proportionate monetary return. 2) They operate for purposes other than to make a profit and 3) There is an absence of ownership interests like those of business enterprises.