Accountants for the Public Interest - API


DEFINITION of 'Accountants for the Public Interest - API'

An organization whose volunteer accountants provide free services to nonprofit organizations, charities and other groups that would otherwise be unable to afford it. In addition to providing these services, the Accountants for the Public Interest provide guidance to small businesses on how to navigate accounting principles.

BREAKING DOWN 'Accountants for the Public Interest - API'

One of the publications created by the API is "What a Difference Preparation Makes: A Guide to the Nonprofit Audit", a reference on various accounting topics that nonprofit organizations should be familiar with and how to prepare for an audit.

  1. The Accountant's Magazine - TAM

    A Scottish trade publication that covered topics related to accountancy ...
  2. IRS Publication 334: Tax Guide ...

    A document published by the Internal Revenue Service (IRS) that ...
  3. Nonprofit Organization

    A business entity that is granted tax-exempt status by the Internal ...

    A nonprofit organization that provides investment and insurance ...
  5. Business

    1. An organization or enterprising entity engaged in commercial, ...
  6. 501(c)

    A subsection under the United States Internal Revenue Code. The ...
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  1. Can working capital be depreciated?

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  2. Do working capital funds expire?

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  3. How much working capital does a small business need?

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  4. What does high working capital say about a company's financial prospects?

    If a company has high working capital, it has more than enough liquid funds to meet its short-term obligations. Working capital, ... Read Full Answer >>
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    Working capital, or total current assets minus total current liabilities, can affect a company's longer-term investment effectiveness ... Read Full Answer >>
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