A contabilidade aplicada ao terceiro setor

Abstract

The third sector encompasses non-profit private initiative organizations that provide public services such as: NGOs, foundations, community associations, class associations, philanthropic entities, political parties and other non-profit entities whose objective is development and social well-being. Accounting standards for non-profit entities must follow the equity structure provided by the Brazilian Corporate Law (Law 6,404/1976), since the specific accounting criteria and procedures for these are provided in NBC T 10.19, which is part of the Brazilian Accounting Standards . In non-profit entities, the positive result is not destined to shareholders and the profit or loss is called, respectively, surplus or deficit. The main accounting standards applied to the third sector are: presentation of financial statements, balance sheet, statement of surplus or deficit for the year. The analysis carried out showed that through donations to the entity, it is managing to pay all its expenses, getting a positive surplus/deficit.