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Case Studies in Not-for-Profit Accounting and Auditing

Author/Moderator: Bruce Chase, Ph.D., CPA and Laura Lindal, CPA and William Wagner, CPA
Publisher: AICPA
Availability: Varies by Format (See Below)
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Gain hands-on experience with case studies designed to simulate real-world scenarios and common problems in today’s not-for-profit environment. This CPE course goes beyond theory to show you how to navigate the key issues that arise in nonprofit accounting and auditing.

Topics Discussed:

  • Net asset classifications: unrestricted, temporarily restricted, and permanently restricted net assets
  • Promises to give
  • Contributed services
  • Distinguishing contributions from exchange transactions
  • Capital campaigns and special events
  • Allocation of costs relating to fundraising
  • Financial statement requirements
  • Fundraising events
  • Split-interest agreements
  • Consideration of fraud
  • Naming rights
  • Auditing contributions
  • Assessing internal control deficiencies
  • Audit issues related to the statement of functional expenses

Learning Objectives:
When you complete this course, you will be able to:

  • Identify the accounting differences between contribution and exchange transaction revenues.
  • State key issues relating to the recording and valuation of contributed services.
  • Identify key accounting issues related to pledges and special event costs associated with a capital campaign.
  • Recognize financial statement presentation deficiencies by reviewing an incorrectly prepared statement.
  • Employ important auditing concepts to a statement of functional expenses.
  • Discern effective audit procedures to employ in response to identified fraud risk factors.
  • Analyze critical concepts involved in auditing contributions.

Who Will Benefit?
NFP professionals responsible for accounting and reporting and auditors of not-for-profits

Prerequisite: Experience in the nonprofit environment

Advanced Preparation: None

Not-for-Profit Section Members Save an Additional 20%! 

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or

Find out more information on the NFP Section.

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Other Options

NASBA Field of Study: Accounting and Auditing (Governmental)
Level: Intermediate
Recommended CPE Credit: Text - 8 (Governmental Accounting 4; Governmental Auditing 4); On-Demand - 11 (Governmental Accounting 5.5; Governmental Auditing 5.5)
Yellow Book Hours: Text - 8 (Governmental Accounting 4; Governmental Auditing 4); On-Demand - 11 (Governmental Accounting 5.5; Governmental Auditing 5.5)
Case Studies in Not-for-Profit Accounting and Auditing
Text , 2015
Product# 745215
Availability: In Stock
AICPA Member:$149.00
Your Price:$189.00
Case Studies in Not-for-Profit Accounting and Auditing
CPE On-Demand , 2015
Product# 163301
Availability: Online Access 1 Year
For registered users only
AICPA Member:$159.00
Your Price:$199.00
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