# ASC 958-10-05: Not-for-Profit Entities — Overall — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/958/10/#05-overview-and-background)

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## ASC 958-10-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/958/10/#05-overview-and-background)

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##### [958-10-05-1](https://asc.understandingaccounting.org/asc/958/10/#958-10-05-1)

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The Not-for-Profit Entities Topic provides guidance for [not-for-profit entities](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFPs) as defined in Section 958-10-15 that are [nongovernmental entities](https://asc.understandingaccounting.org/glossary/n/#nongovernmental-entity "An entity that is not required to issue financial reports in accordance with guidance promulgated by the Governmental Accounting Standards Board or the Federal Accounting Standards Advisory Board."), or as further defined in the Scope Sections of the individual Subtopics. Guidance in other Topics and Subtopics applies to NFPs unless the specific Scope Sections exempt NFPs or the subject matter precludes applicability (for example, payment of dividends).

##### [958-10-05-2](https://asc.understandingaccounting.org/asc/958/10/#958-10-05-2)

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This Topic includes the following Subtopics:

1.  a
    
    Overall
    
2.  b
    
    Financially Interrelated Entities
    
3.  c
    
    Split-Interest Agreements
    
4.  d
    
    Presentation of Financial Statements
    
5.  e
    
    Balance Sheet
    
6.  f
    
    Income Statement
    
7.  g
    
    Statement of Cash Flows
    
8.  h
    
    Receivables
    
9.  i
    
    Investments—Debt Securities
    
10.  ii
     
     Investments—Equity Securities
     
11.  j
     
     Investments—Other
     
12.  k
     
     Property, Plant, and Equipment
     
13.  l
     
     Liabilities
     
14.  m
     
     Contingencies
     
15.  n
     
     Revenue Recognition—Contributions
     
16.  o
     
     Compensation—Retirement Benefits
     
17.  p
     
     Other Expenses
     
18.  pp
     
     Business Combinations (Mergers and Acquisitions)
     
19.  q
     
     Consolidation.

##### [958-10-05-3](https://asc.understandingaccounting.org/asc/958/10/#958-10-05-3)

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The Overall Subtopic provides guidance on the scope of this Topic as well as relationships to other Topics in the Codification.