4897 Buford Hwy, Ste 222 ......................... Làm thuê hay triệu phú

Atlanta, GA 30341-3669.............................. Đời đối xử công bình

Tel (770) 696-1189 .................................... Muốn được đời tưởng thưởng

Fax (770) 696-1587 ................................... Hãy đòi hỏi chính mình ..............(someone wrote this)

http://www.LocThaiCPA.com ....................Email: LocThaiCPA@gmail.com

Friday, June 3, 2011

Financial Report for nonprofit organization

The fiscal year-end financial report will generally include:

1.   A Statement of Net Assets: Which is the Balance Sheet of for-profit entities. Sometimes it is informally referred to as a Statement of Financial Position.

2.   A Statement of Activities: Which is the Income Statement of for-profit entities. It generally is a financial summary of mission accomplishment for the fiscal year.

3.   A Statement of Cash Flows: It sounds like the for-profit businesses. However, it has its own terminologies or definitions of resources and usage of cash.

4.   A  Schedule of Expenses by Function: Functions are described as Program, Administration & Fundraising.

5.   Notes to the Financial Statements: Additional notes and information added to the end of the financial statements to supplement the reader with more information.


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