How to read nonprofit financial statements : a practical guide

How to Read Nonprofit Financial Statements: A Practical Guide -- Contents -- Preface -- Learning Objectives -- Introduction -- Chapter 1: Why You Need to Understand the Update to the Nonprofit Reporting Model -- Chapter 2: Why Update the Nonprofit Reporting Model? -- Chapter 3: Highlights of the Major Changes to the Nonprofit Reporting Model -- Net Asset-Related Changes -- Update to Net Asset Presentation -- Disclosures of Board-Designated Net Assets -- Update to Presentation of Underwater Endowments -- Expirations of Capital Restrictions -- Expense Reporting-Related Changes -- Investment Return-Related Changes -- Liquidity and Availability -- Operating Measure -- Cash Flow Statement -- Summary of Provisions -- ASU Provisions with an Accounting Effect -- Effective Date of ASU -- Chapter 4: What Is the Purpose of Financial Statements? -- Chapter 5: Types of Financial Statements -- Chapter 6: How to Read a Nonprofit Financial Statement -- Chapter 7: Statement of Financial Position -- Steps to Analyze the Statement of Financial Position -- Chapter 8: Statement of Activities -- Steps to Analyze the Statement of Activities -- Chapter 9: Statement of Cash Flows -- Steps to Analyze the Statement of Cash Flows -- Chapter 10: Statement of Functional Expenses -- Steps to Analyze the Statement of Functional Expenses -- Chapter 11: Footnotes to Financial Statements -- Chapter 12: Internal versus External (Audited) Financial Statements -- Organization Management Statements -- Audited Financial Statements -- Chapter 13: The Independent Auditor's Report -- What It Does (and Does Not) Mean to Be ``Clean´´ -- A Clean Opinion Always Contains the Same Information -- Chapter 14: Other Types of Auditor Opinions -- Chapter 15: Supplemental Information -- Chapter 16: Reserves -- Contextual Issues -- Common Calculations of Reserves.