Word Scramble for...Nonprofit Accounting
NOTE: To see each answer, place your cursor in the middle of the cell under "Unscrambled Answer".
| Word Clue | Answer |
Unscrambled Answer | |
| 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 |
