Vickie Tomlinson
Tennessee Children's Home
Terry J. Ward
Middle Tennessee State University
G. Robert Smith
Middle Tennessee State University
Abstract: In this case, you are asked to take the role of the Director of Fiscal Operations of a not-for-profit organization, Children and Family Service Center. The Trustees have hired you because of concerns that the accounting records are not adequate. You identify numerous areas of concern and attempt to determine the appropriate treatment for each item. Thus, this case addresses a number of issues affecting not-for-profit organizations. The case attempts to help you better understand the basic principles and concepts that differ between for-profit and not-for-profit organizations. This case specifically addresses Statement of Financial Accounting Concepts 4 and Statement of Financial Accounting Standards 116 and 117. The case can be used in either undergraduate or graduate classes depending on the requirements the instructor wishes the students to complete.
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