Section 4450 - Reporting Controlled and Related Entities by Not-for-Profit Organizations

This Section sets out standards for presentation and disclosure of controlled, significantly influenced and other related entities in a NPOs financial statements.

Section 1582, Business Combinations, in Part II of the Handbook does not apply to:

• A combination between NPOs; or
• The acquisition of a profit-oriented enterprise by an NPO
• Until further guidance is issued regarding these situations other sources of GAAP that specifically relate to these types of situations may be applied as described in Section 1101, Generally Accepted Accounting Principles for Not-for-Profit Organizations.