| Author: | Capin, G. Tannenbaum, J. |
| Title: | How to report a joint activity |
| Journal: | Journal of Accountancy
1998 : AUG, VOL. 186:2, p. 37-44 |
| Index terms: | FINANCE MANAGEMENT CUSTOMERS |
| Language: | eng |
| Abstract: | Most external users of not-for-profit financial statements, including donors and other resource providers, want the organization (1) to maximize its spending on the causes it exists to support and (2) to minimize spending on fundraising (soliciting contributions) or management and general activities (administration). The AICPA has issued SOP 98-2, Accounting for Costs of Activities of Not-for-Profit Organizations and state and Local Governmental Entities That Include Fund Raising. Its goal is to clarify and revise previous pronouncements that were unclear and applied inconsistently and to provide guidance that results in more meaningful reporting. |
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