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Not for Profit Accounting

I know it has been a number of years since I was in college, however, I really don't remember having the option to take classes in accounting for non-profits. Could someone point me to text regarding this type of accounting? My accounting background has been in hospitality accounting (which has included an aspect of retail accounting). As I am unemployed and looking I want to make sure I do not overlook a segment of accounting.

I do feel I could cross-over to manufacturing or oil & gas accounting. I really haven't seen any positions open for non-profit accountants until this weekend. Coincidently my church is looking for a not-for-profit accountant. I am sending my resume in, but I would like to be prepared, so any help is appreciated.

Thomas Hill, CHAE

Reply to
TKnTexas
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"TKnTexas" wrote

Start here:

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But remember, in church accounting, you do it the way the budget committee has done it for 300 years. In other words, do it exactly how they want to see it, and don't suggest changes unless they ask you first.

Unless you are seeking some form of government position, everything else follows FASB quite closely for mid to large non-profits. Smaller ones generally are just cash basis.

Reply to
Paul Thomas, CPA

Our church is an independent church at this point. We do have two locations, on in OKC and our main church here in Dallas. Our Dallas congregations is about 1000 members in attendance each Sunday (membership is closer to 3000). With annual tithing around 1.8 million. So I am not sure what size organization that is.

I know there was some financial "controversary" when we became an independent church two years ago when I was living in Austin, so I don't remember the exact details. However, after an independent audit, the pronouncement was that everything was very good and by the book. I know that with a campaign going on to get extra donations for the building fund, additional funds are coming in besides the normal tithing. I know we have been buying additional property, swapping property with neighbors, and I think we own a strip center that was part of some property were we will build eventually. There would be the treatment of that rental income.

I appreciate your quick response Paul. I have noticed how helpful you have been to all the posters.

TK

Paul Thomas, CPA wrote:

Reply to
TKnTexas

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