The not-for-profit industry represents a very large sector of any economy and consists of a large number of extremely diversified not-for-profit organizations. Several years' worth of very significant changes to the accounting principles has left financial accountants of not-for-profits, as well as non-experts working in not-for-profits, in need of understanding these accounting principles This guide is designed for quick reference. It provides an overview and not-for-profit specific information for employees who are directly responsible for accounting and financial statement preparation in the not-for-profit sphere.