Non-profit Organizations, Accounting Research

As a form of society organization, non-profitable organizations haveplayed an important role in the development of social economy throughoutthe world. On account of the highly development in nongovernmentalnonprofit organization field, it is necessity and urgency to set accountingstandards for these organizations in order to improve their financial reportingquality as well as their governance in China. The nongovernmental nonprofitorganization accounting system issued by the ministry of finance is greatachievement in the process of accounting reform, which has filled in the gasin accounting management and accounting system of nongovernmentalorganization.This paper explored the characteristic of nongovernmental nonprofitorganization accounting by comparing its accounting system and theenterprises, state-owned public organization accounting system, analyzed thedifference between Chinese nongovernmental nonprofit organizationaccounting and that in America. The paper firstly discussed how to define thescope of nongovernmental nonprofit organization in China, and thenintroduced its accounting objective and entity. The paper also expatiatedthe basic principle in nongovernmental nonprofit organization accounting.Finally, the paper discussed some major accounting issues innongovernmental nonprofit organization accounting from accounting factorsto accounting statement. The nongovernmental nonprofit organizations arebecoming stronger, in this way, public trust will become more important forits healthy development.