Nonprofit Accounting I

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Across
  1. 2. Reporting expenses according to their type (such as salaries, rent, supplies, depreciation, etc.) is known as the ___basis.
  2. 7. Prior to 2018, what is now net assets without donor restrictions was referred to as ___net assets.
  3. 8. A nonprofit organization will issue the statement of activities instead of the ___statement issued by a business.
  4. 11. The statement of ___expenses reports amounts 1) by nature, and 2) by program or supporting services.
  5. 16. Net asset classifications are based on___-imposed restrictions.
  6. 17. The number of classes of net assets affected when a donor restriction has been met.
Down
  1. 1. The statement of financial position is similar to the ___sheet.
  2. 3. The statement of ___flows may be prepared under the direct or indirect method.
  3. 4. Form 990 pertains to many organizations which are ___from income tax.
  4. 5. Accounting years not ending on December 31 are known as ___ years.
  5. 6. Increases in net assets arising from peripheral or incidental activities of a nonprofit organization.
  6. 9. The amount of the ____in net assets must be reported on the statement of activities.
  7. 10. The ___format is used for the statement of functional expenses.
  8. 11. Gifts other than cash are to be recorded at their ___value on the date of the gift.
  9. 12. A not-for-profit organization does not have these.
  10. 13. The first amount on a nonprofit’s statement of cash flows prepared under the indirect method is the Change in net ___.
  11. 14. Gifts other than cash are referred to as gifts in___
  12. 15. The external financial statements of a nonprofit should focus on the organization as a ___.