Analyze the selected not-for-profit’s financial statements to determine if the statements conform to the Financial Accounting Standards Board guidance in Financial Statements of Not-for-Profit Organizations.

Select one not-for-profit organization in an area of interest to you and review the financial statements and audit reports for the organization. The financial statements and audit report of the not-for-profit organization should be readily and publicly available on their website.

-Analyze the selected not-for-profit’s financial statements to determine if the statements conform to the Financial Accounting Standards Board guidance in Financial Statements of Not-for-Profit Organizations.

-Explain the selected organization’s use of the three fund categories.

-Recommend at least two areas of potential interest to the stakeholder concerning the status of revenue and expenses.

-Analyze the organization’s statement of cash flows.

-Explain the format that the organization utilizes, including any unique areas of emphasis that differ from the GAAP accounting format.

-Compare the organization’s reporting of pledges and contributions to reporting of exchange transactions. Discuss the funds that are used.

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