Free Guide to
Bookkeeping Concepts

Accounting Bookkeeping Concepts PDF Cover

Receive our free 18-page Guide to Bookkeeping Concepts (PDF) when you subscribe to our free newsletter.

You are already subscribed. This offer is not available to existing subscribers.
Step 2: Please check your email and click the confirmation link.

277,725
Subscribers

Nonprofit Accounting (Word Scramble)

To see each answer, press or click on the blue "Unscramble" button.

If you have difficulty answering the following questions, learn more about this topic by reading our Nonprofit Accounting (Explanation).

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 donor restriction, there will be an increase in net assets without donor _______________. RESTRICTIONS OTSIRTRCIESN 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 net assets without donor restrictions. 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 designation was one of the classes of donor-imposed restrictions that will not be used on the financial statements beginning in 2018. TEMPORARILY PREYMILROTA Unscramble
9. Beginning in 2018, a nonprofit must provide additional information regarding restrictions and the organization's ___________________. LIQUIDITY UDQYILTII Unscramble
10. Designations made by a nonprofit's ________________ are reported as net assets without donor restrictions. BOARD RBADO Unscramble
11. The statement of ______________ expenses reports expenses by both function and nature and is required for nonprofit entities. 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. Beginning in 2018, the classification, _________________ restricted net assets, will not be used and the amounts will be included in net assets with donor restrictions. 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

Want more practice questions?
Receive instant access to our graded Quick Tests (more than 1,800 unique test questions) when you join AccountingCoach PRO.

Certificate of Achievement

Certificates of Achievement

We now offer three Certificates of Achievement for Introductory Accounting and Bookkeeping. The certificates include Debits and Credits, Adjusting Entries, and Financial Statements. Click here to learn more.

PRO Testimonial
"AccountingCoach PRO is an exceptional service. It not only provides all the essential material to succeed in learning accounting and finance, but also explains all the relevant details that make the difference when you need to understand the complexity of accounting systems. As a communication trainer and business coach, I had to pick up the language of accounting in no time in order to communicate more effectively with my clients. This website's benefits have exceeded my expectations. Many thanks for your great support." - Theirry F.