Chapter 21:Accounting for Not-
for-Profit Organizations
by Jeanne M. David, Ph.D., Univ. of Detroit Mercy
to accompany
Advanced Accounting, 10th edition
by Floyd A. Beams, Robin P. Clement,
Joseph H. Anthony, and Suzanne Lowensohn
© Pearson Education, Inc. publishing as Prentice Hall 21-1
, Not-for-Profits : Objectives
1. Learn about the four main categories of not-for-
profit organizations
2. Differentiate between governmental and
nongovernmental not-for-profit organizations.
3. Introduce FASB not-for-profit accounting
principles.
4. Apply not-for-profit accounting principles to
voluntary health and welfare organizations.
© Pearson Education, Inc. publishing as Prentice Hall 21-2
, Objectives (cont.)
5. Apply not-for-profit accounting principles to
hospitals and other health care organizations.
6. Apply not-for-profit accounting principles to
private not-for-profit colleges and universities.
© Pearson Education, Inc. publishing as Prentice Hall 21-3
, Accounting for Not-for-Profit Organizations
1: Categories of NFPs
© Pearson Education, Inc. publishing as Prentice Hall 21-4
for-Profit Organizations
by Jeanne M. David, Ph.D., Univ. of Detroit Mercy
to accompany
Advanced Accounting, 10th edition
by Floyd A. Beams, Robin P. Clement,
Joseph H. Anthony, and Suzanne Lowensohn
© Pearson Education, Inc. publishing as Prentice Hall 21-1
, Not-for-Profits : Objectives
1. Learn about the four main categories of not-for-
profit organizations
2. Differentiate between governmental and
nongovernmental not-for-profit organizations.
3. Introduce FASB not-for-profit accounting
principles.
4. Apply not-for-profit accounting principles to
voluntary health and welfare organizations.
© Pearson Education, Inc. publishing as Prentice Hall 21-2
, Objectives (cont.)
5. Apply not-for-profit accounting principles to
hospitals and other health care organizations.
6. Apply not-for-profit accounting principles to
private not-for-profit colleges and universities.
© Pearson Education, Inc. publishing as Prentice Hall 21-3
, Accounting for Not-for-Profit Organizations
1: Categories of NFPs
© Pearson Education, Inc. publishing as Prentice Hall 21-4
