Select one (1)  not-for-profit organization in an area of interest to you and review the  financial statements and audit report for the organization. The  financial statements and audit report of the not-for-profit organization  should be readily and publically available on an active Website.

Select one (1)  not-for-profit organization in an area of interest to you and review the  financial statements and audit report for the organization. The  financial statements and audit report of the not-for-profit organization  should be readily and publically available on an active Website.
Write a three to five (3-5) page paper in which you:

1. Analyze the selected not-for-profit’s financial statements to  determine if the statements conform to Financial Accounting Standards  Board (FASB) guidance in Statement No. 117, Financial Statements of  Not-for-Profit Organizations (FASB ASC 958-205-45). Explain the selected  organization’s use of the three (3) fund categories. Recommend at least  two (2) areas of potential interest to the stakeholder concerning the  status of revenue and expenses.
2. Analyze the organization’s statement of cash flows. Explain the  format that the organization utilizes, including any unique areas of  emphasis that differ from-GAAP accounting format.
3. Compare the organization’s reporting of pledges and contributions  to its reporting of exchange transactions. Discuss the funds that are  utilized.
4. Assess the fiscal condition of the selected organization utilizing  and interpreting financial indicators, using financial ratios that are  widely accepted as being indicative of fiscal health. This assessment  should also be expanded to include fund-raising analysis, program  review, contributions, and grant analysis and revenue analysis.

Your assignment must follow these formatting requirements:

• This course requires use of Strayer Writing Standards (SWS).  The format is different than other Strayer University courses. Please  take a moment to review the SWS documentation for details.
• Include a cover page containing the title of the assignment, the  student’s name, the professor’s name, the course title, and the date.  The cover page and the reference page are not included in the required  assignment page length.

The specific course learning outcomes associated with this assignment are:

• Assess the accounting and financial reporting requirements for not-for-profit organizations.
• Use technology and information resources to research issues in government and not-for-profit accounting.
• Write clearly and concisely about government and not-for-profit accounting using proper writing mechanics.