This CPE course provides you with the tools necessary to enhance your not-for-profit accounting skills and create value-added services to clients.
Go beyond theory in this case-study-focused course where you will examine, evaluate, and perform case studies to enhance your knowledge of fundamental not-for-profit accounting and reporting. The course covers presentation requirements, note disclosures unique to not-for-profits, options allowed under GAAP, and more.
- Financial statement presentation
- Note disclosures
- Operating and nonoperating costs
- Allocation of fundraising costs
- Contributed services
- Membership fees
- Split-interest agreements
- Common financial statement mistakes
- Grant contributions and exchange transactions
- Statement of activities
- Programmatic investments
When you complete this course you will be able to:
- 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.
- Comprehend fund accounting and the reclassification of fund balances into net asset classes.
- Describe the effects of split-interest agreements on not-for-profit entities.
- Discern the appropriate accounting for membership dues under various scenarios.
Who Will Benefit?
Auditors, practitioners and accounting and finance professionals of not-for-profit organizations
Prerequisite: Experience in the not-for-profit environment
Advanced Preparation: None