Advanced Accounting (Canada) · Not-for-Profit & Public Sector Accounting

The 'modified' equity method used for government business enterprises differs from the ordinary equity method in exactly one respect. What is it?

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More in Not-for-Profit & Public Sector Accounting

An NFPO using the restricted fund method receives an externally restricted contribution, but it has not set up a restricted fund for that purpose. How is the contribution recognized?

Under the restricted fund method, when is an externally restricted contribution recognized as revenue, and what makes that timing different from the deferral method?

Two NFPOs receive identical restricted grants. One reports the revenue when the cash arrives; the other spreads it over the years the funded program runs. Which one matches revenues to expenses, and which method is it?

Under the restricted fund method, why do endowment contributions never appear as expenses in the statement of operations, and how are they recognized?

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