Comparative analysis between the business general accounting plan and the general accounting plan for non-profit organizations
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Title
Comparative analysis between the business general accounting plan and the general accounting plan for non-profit organizationsAuthor (s)
Tutor/Supervisor
Arnau Paradís, AndreuTutor/Supervisor; University.Department
Universitat Jaume I. Departament de Finances i ComptabilitatDate
2015-09-28Publisher
Universitat Jaume IAbstract
When we think of non-profit organizations what most people imagine is Greenpeace
volunteers trying to save whales or UNICEF doctors helping to fight poverty saving the
lives of children in Africa, but what does not ... [+]
When we think of non-profit organizations what most people imagine is Greenpeace
volunteers trying to save whales or UNICEF doctors helping to fight poverty saving the
lives of children in Africa, but what does not usually come to our mind is that these
organizations are businesses like any other (with oppsite goals) and, like any other
company, need to be accounted in order to keep track of their bills and be aware of the
distribution of their funds to avoid some known cases of fraud and scams. But, as they
are not entities that maximize profits, they require special accounting laws that we are
going to study throughout this dissertation.
The aim of this study is to compare the key differences between the 2007 General
Accounting Business Plan and the General Accounting Plan1
(PGC —as from the
Spanish “Plan General Contable”— henceforth) for non-profit organizations published in
BOE in 2013. Thus, we will be able to see how accounting has evolved for non-profit
organizations from the adaptation they were had of the Royal Decree of 1998 with
reference to the old business PGC 1990 to current regulations adapting the PGC to nonprofit
entities of 2011.
This work begins with an introduction to non-profit entities in which we will differentiate
between foundations and associations, speaking later about its legislation focusing on
the accounting field. Furthermore, we refer to the adaptation of 1998. After this
introduction we will see the differences between both plans breaking down the five parts
of the PGC. In the first part of it we will see four major changes in the conceptual
framework. Then, we will move on to the rules of recognition and measurement in which
we will highlight the nine most important aspects. In the next section, we will see the
annual accounts, which are three, instead of five; and finally we will refer to the chart of
accounts, ending with accounting definitions and relationships that will see the most
significant changes between the two adaptations on the one hand, and the analysis of
the most relevant accounts between the two plans on the other hand.
As we will see at the end of this study, the PGC of non-profit organizations shows more
changes than we may think beforehand, with very specific accounts, plus a new
assessment criterion and a new definition for assets, we will see the new and more
synthetic structure of annual accounts. [-]
Subject
Description
Treball Final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs: 2014/2015
Type
info:eu-repo/semantics/bachelorThesisRights
info:eu-repo/semantics/openAccess
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