assignment 2

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Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.

Points: 240	Assignment 2: Non-for-Profit Financial Reporting Review
Criteria	Unacceptable Below 60% F	Meets Minimum Expectations 60-69% D	Fair 70-79% C	Proficient 80-89% B	Exemplary 90-100% A
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. Weight: 25%	Did not submit or incompletely analyzed 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). Did not submit or incompletely explained the selected organization’s use of the three (3) fund categories. Did not submit or incompletely recommended at least two (2) areas of potential interest to the stakeholder concerning the status of revenue and expenses.	Insufficiently analyzed 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). Insufficiently explained the selected organization’s use of the three (3) fund categories. Insufficiently recommended at least two (2) areas of potential interest to the stakeholder concerning the status of revenue and expenses.	Partially analyzed 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). Partially explained the selected organization’s use of the three (3) fund categories. Partially recommended at least two (2) areas of potential interest to the stakeholder concerning the status of revenue and expenses.	Satisfactorily analyzed 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). Satisfactorily explained the selected organization’s use of the three (3) fund categories. Satisfactorily recommended at least two (2) areas of potential interest to the stakeholder concerning the status of revenue and expenses.	Thoroughly analyzed 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). Thoroughly explained the selected organization’s use of the three (3) fund categories. Thoroughly recommended 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. Weight: 20%	Did not submit or incompletely analyzed the organization’s statement of cash flows. Did not submit or incompletely explained the format that the organization utilizes, including any unique areas of emphasis that differ from-GAAP accounting format.	Insufficiently analyzed the organization’s statement of cash flows. Insufficiently explained the format that the organization utilizes, including any unique areas of emphasis that differ from-GAAP accounting format.	Partially analyzed the organization’s statement of cash flows. Partially explained the format that the organization utilizes, including any unique areas of emphasis that differ from-GAAP accounting format.	Satisfactorily analyzed the organization’s statement of cash flows. Satisfactorily explained the format that the organization utilizes, including any unique areas of emphasis that differ from-GAAP accounting format.	Thoroughly analyzed the organization’s statement of cash flows. Thoroughly explained 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. Weight: 20%	Did not submit or incompletely compared the organization’s reporting of pledges and contributions to its reporting of exchange transactions. Did not submit or incompletely discussed the funds that are utilized.	Insufficiently compared the organization’s reporting of pledges and contributions to its reporting of exchange transactions. Insufficiently discussed the funds that are utilized.	Partially compared the organization’s reporting of pledges and contributions to its reporting of exchange transactions. Partially discussed the funds that are utilized.	Satisfactorily compared the organization’s reporting of pledges and contributions to its reporting of exchange transactions. Satisfactorily discussed the funds that are utilized.	Thoroughly compared the organization’s reporting of pledges and contributions to its reporting of exchange transactions. Thoroughly discussed 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. Weight: 25%	Did not submit or incompletely assessed 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. Did not submit or incompletely expanded to include fund-raising analysis, program review, contributions, and grant analysis and revenue analysis.	Insufficiently assessed 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. Insufficiently expanded to include fund-raising analysis, program review, contributions, and grant analysis and revenue analysis.	Partially assessed 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. Partially expanded to include fund-raising analysis, program review, contributions, and grant analysis and revenue analysis.	Satisfactorily assessed 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. Satisfactorily expanded to include fund-raising analysis, program review, contributions, and grant analysis and revenue analysis.	Thoroughly assessed 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. Thoroughly expanded to include fund-raising analysis, program review, contributions, and grant analysis and revenue analysis.
5. Clarity, writing mechanics, and formatting requirements Weight: 10%	More than 8 errors present	7-8 errors present	5-6 errors present	3-4 errors present	0-2 errors present