Word Scramble for...Nonprofit Accounting

NOTE: To see each answer, place your cursor in the middle of the cell under "Unscrambled Answer".

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

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