Obtain a copy of the annual report of a private not-for-profit organization. Answer the following questions from

Question:

Obtain a copy of the annual report of a private not-for-profit organization. Answer the following questions from the report (if obtaining a report online, use the site search or the "about us" button to locate the annual report). For examples, try the following:

The American Accounting Association American ...... www.redcross.org

Red Cross Habitat for Humanity American ..............www.habitat.org

Diabetes Association Save the Children ..................www.diabetes.org

www.aaahq.org ...............................................www.savethechildren.org

a. What financial statements are presented?

b. How are the contribution revenues recognized?

c. Does the organization have temporarily restricted net assets?

d. Does the organization have permanently restricted net assets?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...