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Published by the Evangelical Joint Accounting Committee (EJAC) in 2001, this revised and expanded volume has been prepared to assist Christian ministries in accounting for and reporting on their varied activities in compliance with generally accepted accounting principles (GAAP). Although EJAC emphasizes compliance with GAAP, it recognizes an even higher level of accountability to the Scriptures and sets forth this guide to assist ministries in keeping their fiscal behaviour beyond reproach.

The intent of Accounting and Financial Reporting Guide for Christian Ministries is to establish standards for Christian ministries while stressing uniformity in accounting and financial reporting. It includes excerpts from Financial Accounting Standards Board (FASB) publications and the American Institute of Certified Public Accountants (AICPA) publications.

Topics covered include accounting for Christian ministries, net assets, financial statements and reporting, support and revenue, expenses, accounting for investments and property and equipment, annuities, trusts and similar gifts and related organizations.

This guide is especially relevant and useful for Canadian charities with international connections. Chapter 9 is written by and for Canadian charities. This chapter identifies the areas where there is a significant difference between Canadian and U.S. principles and practices.

Bibliography, appendices, glossary, sample situations and agreements included, 444 pages.