Non-Profit ACTG 101?
Differences in Reporting
Key Issues
100

Fund Accounting

What is a method of allocate funding to single sources according to various restrictions?

100
Purpose of Nonprofit Accounting 

What is a focus on accountability and availability of funds for future services?

100

The Starvation Cycle

What is underrepresenting overhead costs to satisfy funder expectations?

200

A type of revenue for non-profits

  • Donations
  • Grants
  • Fundraising
200

Unrestricted Funds

What is a fund that can be used to incur any reasonable expense? 

200

Grant Tracking

What is the process used by accountants to keep track of transactions and allocate them to a single contribution

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