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Contributions Received by NFP's May Be Restricted

question 34

Essay

Contributions received by NFP's may be restricted.Funds can be received in the form of endowment contributions,and contributions that are externally restricted by the donor or internally restricted by the Board.
Required:
Explain the differences between endowment contributions,contributions that are externally restricted by the donor or internally restricted by the Board.Discuss the accounting treatment for each type of restricted contribution if the NFP uses the deferral method of reporting.

Recognize the role and application of external cause codes.
Understand the relationship between original conditions and subsequent complications or manifestations.
Determine the correct coding for specific scenarios including exposure, injury, and history coding.
Grasp the concept and importance of first-listed diagnosis and proper sequence in coding.

Definitions:

Employment Records

Documents and data pertaining to an employee’s work history, performance, and other employment-related information.

Auto Accident

A collision involving one or more vehicles, which may result in injury, death, or property damage.

Credibility

The quality of being trusted and believed in, often evaluated in testimonies or information sources.

Community Reputation

The general opinion or regard that the public holds for a person, organization, or entity within a specific community.

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