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Nonprofit Accounting (Word Scramble)

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1. In place of an income statement, a not-for-profit organization, or nonprofit, will issue a statement of _____________. ACTIVITIES IVEISTICAT Unscramble
2. The balance sheet of a nonprofit will likely have as part of its heading "statement of financial _______________". POSITION INOPISTO Unscramble
3. Contributions received by a nonprofit are reported as part of the organization's ____________________. REVENUES EUNVSEER Unscramble
4. When an asset is released from a temporary restriction, there will be an increase in _______________ net assets. UNRESTRICTED SIRTRUCDTEEN Unscramble
5. This type of supporting services expense must be reported separately by a nonprofit organization. FUNDRAISING NUGRINDIFSA Unscramble
6. These will cause a decrease in the amount of unrestricted net assets. EXPENSES SNPEESXE Unscramble
7. This expense is associated with long-lived assets used in the activities of a nonprofit. DEPRECIATION EIPTDORACENI Unscramble
8. A ___________________ restricted contribution is one of the classes of donor-imposed restrictions. TEMPORARILY PREYMILROTA Unscramble
9. One type of temporary restriction. TIME IETM Unscramble
10. Another type of temporary restriction. PURPOSE SOUPPER Unscramble
11. The statement of ______________ expenses reports expenses by both function and nature. FUNCTIONAL NOLAFICNUT Unscramble
12. An asset where the principal must be held in perpetuity. ENDOWMENT NOTMEWEDN Unscramble
13. The nonprofit organization's statement of activities reports the change in its net __________ during a specified period of time. ASSETS STASES Unscramble
14. A classification of supporting services expenses is _________________ and general. MANAGEMENT GEEMTNNAAM Unscramble
15. The external financial statements of a nonprofit must focus on the organization as a ___________ rather than reporting by funds. WHOLE LWEOH Unscramble
16. One of the classes of net assets is _________________ restricted net assets. PERMANENTLY TALEMNPREYN Unscramble
17. The IRS Form 990 must be filed by many nonprofit organizations which have been granted tax-_________ status. EXEMPT TPXEEM Unscramble
18. The external financial statements of a U.S. nonprofit organization must comply with the reporting standards of the ________. FASB ABFS Unscramble
19. If the nonprofit's statement of cash flows is prepared under the indirect method, the first amount listed is the ___________ in net assets. CHANGE GACENH Unscramble
20. A financial reporting year not ending on December 31 is referred to as a ___________ year. FISCAL ASIFLC Unscramble

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