Combinations of Not-for-Profit Organizations

Topics:
Valuation
Tags:
Asset,
Asset Management,
Business Operations,
Combination,
Finance,
Financial Accounting,
Financial Accounting Foundation,
Operational Planning
Source:
Financial Accounting Foundation

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Overview: This article talks about the objective of the project is to develop guidance on the accounting and reporting for combinations of not-for-profit (NFP) organizations. It provides the summary of Board decisions for information purposes. A combination occurs when a not-for-profit organization acquires assets and liabilities that constitute an activity or acquires equity interests of one or more other entities and obtains control over that entity or entities. Combinations of not-for-profit organizations would be distinguished from acquisitions of assets subject to certain liabilities based on whether the transferred set of processes and assets represents an activity. Read the article to get the details.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Sep 2003 | Pages: 1


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