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(13) Accounting for Nonprofit Organizations: Financial Reporting, Contributions, and Regulatory Issues

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Types of Accounting

Useful Information

Fundamental Accounting Equation

The Financial Statements

Journal Entries: Debits and Credits

Accrual Accounting vs. Cash Basis Accounting

Revenue Recognition and Expense Recognition

Introduction to Adjusting Journal Entries and Prepaid Expenses

Adjusting Entries: Depreciation

Summary of Adjusting Entries

Unadjusted vs Adjusted Trial Balance

Closing Entries

Post-Closing Trial Balance