Accounting and Reporting for Not-for-Profit Organizations

Overview

Through a case study-intense, highly interactive, this self-study CPE course provides you with the tools necessary to go beyond the theory and create value-added services for your clients.

This course allows you to examine, evaluate and perform case studies which will enhance your working knowledge of fundamental not-for-profit accounting and reporting, presentation requirements, note disclosures unique to not-for-profits and options allowed under generally accepted accounting principles.

Highlights

Financial statement presentation, including FASB’s financial reporting standard Statement of activities Statement of financial position and statement of cash flow Note disclosures Contribution concepts Functional expense and allocation of costs Endowments Operating versus non-operating Split interest agreements and beneficial trusts Agency transactions Programmatic investments Common financial statement mistakes

Designed For

Auditors, practitioners and accounting and finance professionals of not-for-profit organizations

Objectives

Identify major components of accounting and reporting in not-for-profit organizations. Recognize appropriate accounting for recording and recognizing contributions. Identify concepts related to valuation of contributed services and promises received near year-end.

Notice

Slides, No Audio