5 pages assignment, double space

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5 pages assignment, double space








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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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