Assignment 2: Non-for-Profit (Habitat for Humanity) Financial Reporting Review
Due Week 9 and worth 240 points
Select one (1) not-for-profit organization (Habitat for Humanity) 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 publicly
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 (Habitat for Humanity) 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 (Habitat for Humanity) 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 (Habitat for Humanity) 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 (Habitat for Humanity) 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.
The specific course learning outcomes associated with this assignment are:
•
Assess the accounting and financial reporting requirements for not-for-profit
organizations.
•
Use technology and information resources to research issues in government and not-forprofit accounting.
•
Write clearly and concisely about government and not-for-profit accounting using proper
writing mechanics.
•
I have some links for Habitat for Humanity.
•
https://www.habitat.org/
•
https://www.habitat.org/about/faq
•
https://www.habitat.org/sites/default/files/consolidated-financial-statements-2016.PDF
•
https://www.habitat.org/sites/default/files/annual-report-FY2017-web.pdf
•
http://www.thecaprockgroup.com/wp-content/uploads/2017/11/Mission-Critical-Chronicle-ofPhilanthropy.pdf
•
Thank you,
•
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
Criteria
1. Analyze the
selected not-forprofit’s financial
statements to
determine if the
statements conform
to Financial
Accounting
Standards Board
(FASB) guidance in
Statement No. 117,
Financial
Statements of Notfor-Profit
Organizations
(FASB ASC 958205-45). Explain
Assignment 2: Non-for-Profit Financial Reporting Review
Unacceptable
Meets
Minimum
Expectations
Fair
Proficient
Exemplary
Below 60% F
60-69% D
70-79% C
80-89% B
90-100% A
Did not submit
or incompletely
analyzed the
selected notfor-profit’s
financial
statements to
determine if the
statements
conform to
Financial
Accounting
Standards
Board (FASB)
guidance in
Statement No.
117, Financial
Insufficiently
analyzed the
selected notfor-profit’s
financial
statements to
determine if
the statements
conform to
Financial
Accounting
Standards
Board
(FASB)
guidance in
Statement No.
117, Financial
Partially
analyzed the
selected notfor-profit’s
financial
statements to
determine if
the statements
conform to
Financial
Accounting
Standards
Board
(FASB)
guidance in
Statement No.
117, Financial
Satisfactorily
analyzed the
selected notfor-profit’s
financial
statements to
determine if
the statements
conform to
Financial
Accounting
Standards
Board
(FASB)
guidance in
Statement No.
117, Financial
Thoroughly
analyzed the
selected notfor-profit’s
financial
statements to
determine if
the statements
conform to
Financial
Accounting
Standards
Board
(FASB)
guidance in
Statement No.
117, Financial
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%
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.
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.
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.
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.
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 fromGAAP
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
Did not submit
or incompletely
compared the
organization’s
reporting of
pledges and
Insufficiently
compared the
organization’s
reporting of
pledges and
contributions
Partially
compared the
organization’s
reporting of
pledges and
contributions
Satisfactorily
compared the
organization’s
reporting of
pledges and
contributions
Thoroughly
compared the
organization’s
reporting of
pledges and
contributions
transactions.
Discuss the funds
that are utilized.
Weight: 20%
contributions to
its reporting of
exchange
transactions.
Did not submit
or incompletely
discussed the
funds that are
utilized.
to its
reporting of
exchange
transactions.
Insufficiently
discussed the
funds that are
utilized.
to its
reporting of
exchange
transactions.
Partially
discussed the
funds that are
utilized.
to its
reporting of
exchange
transactions.
Satisfactorily
discussed the
funds that are
utilized.
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 fundraising
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 fundraising
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 fundraising
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 fundraising
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 fundraising
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
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