Assignment 2: Non-for-Profit Financial Reporting Review Due 9/16/2017 and worth 350 points GIRSCOUTS NATIONS CAPITAL IS MY NON PROFIT ORGANIZATION

GIRSCOUTS NATIONS CAPITAL IS MY NON PROFIT ORGANIZATION

Select one (1) not-for-profit organization in an area of interest to you and review the financial statements and audit report for the organization. The financial statements and audit report of the not-for-profit organization should be readily and publically available on an active Website. 

Write a three to five (3-5) page paper in which you:

1. Analyze the selected not-for-profit’s financial      statements to determine if the statements conform to Financial Accounting      Standards Board (FASB) guidance in Statement No. 117, Financial Statements      of Not-for-Profit Organizations (FASB ASC 958-205-45). Explain the      selected organization’s use of the three (3) fund categories. Recommend at      least two (2) areas of potential interest to the stakeholder concerning      the status of revenue and expenses.
2. Analyze the organization’s statement of cash      flows. Explain the format that the organization utilizes, including any      unique areas of emphasis that differ from-GAAP accounting format. 
3. Compare the organization’s reporting of pledges and      contributions to its reporting of exchange transactions. Discuss the funds      that are utilized. 
4. Assess the fiscal condition of the selected      organization utilizing and interpreting financial indicators, using      financial ratios that are widely accepted as being indicative of fiscal      health. This assessment should also be expanded to include fund-raising      analysis, program review, contributions, and grant analysis and revenue      analysis.

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman      font (size 12), with one-inch margins on all sides; citations and      references must follow APA or school-specific format. Check with your      professor for any additional instructions.
• Include a cover page containing the title of the      assignment, the student’s name, the professor’s name, the course title,      and the date. The cover page and the reference page are not included in      the required assignment page length.