Case Download – North Church’s Financial Headache
This course is intended for students in Intermediate Accounting, Accounting Information System, and Not-for-profit Accounting.
North church, a medium size Congregational church, struggled with producing meaningful financial reports to its Board of Trustees (BOT) to help them monitor and make important financial decisions at a time of declining revenues and rising expenses. After attending a webinar on church finance, the treasurer and the finance committee decided to update the entire chart of accounts to be consistent with non-for-profit accounting principles. They approached a local state university to recruit an accounting student intern to implement these changes over the summer.
Not-for-profit accounting, chart of accounts, Generally Accepted Accounting Principles, financial statements
Target Audience and Usage
This course is intended for students in Intermediate Accounting, Accounting Information System, and Not-for-profit Accounting. For students in Intermediate Accounting, this case can be used after introduction of financial statements. For students in Accounting Information System and Not-for-profit Accounting, this case can be used at any time.
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