The Accounting Review Vol. 46 No. 4 1971
Committee on Accounting Practices of Not-For-Profit Organizations.
Abstract
This article presents information on the report of the Committee on Accounting Practice of Not-for-Profit Organizations of the American Accounting Association. The nature, scope, and significance of not-for-profit (NFP) organizations have been undergoing significant changes in recent years. Governmental, religious, educational, health and welfare, charitable, and similar organizations have emerged, individually and collectively, as major economic, political, and social forces in the society. The objectives of accounting are to provide information for the following purposes making decisions concerning the use of limited resources, including the identification of crucial decision areas and determination of objectives and goals, effectively directing and controlling an organization's human and material resources, maintaining and reporting on the custodianship of resources and contributing to the effectiveness of all organizations, whether profit-oriented or not, in fulfilling the desires and demands of all society for social control of their functions.
- DOI
- 10.2308/tar-4481891
- Volume
- 46
- Issue
- 4
- Pages
- 80-163
- Language
- en
- Sources
- openalex crossref