On-Demand

19 CPE Credits

Not-for-Profit Accounting and Financial Reporting (On-Demand) 2023

On-Demand
19 CPE Credits

  • Instructor

    Karen
    Craig

The 12 courses included in this track aim to provide a comprehensive foundation in financial accounting and reporting standards that apply to each of the major transaction cycles of a not-for-profit entity (NFP). Ideal for someone new to NFPs, or in need of a refresher, this set provides an overview of accounting for contributions, endowments, split-interest agreements, fair value measurement, programmatic investments, functional classification of expenses, net asset classification, and financial statement presentation—including the latest updates to GAAP that are or soon will be effective for most NFPs. This interactive CPE-hour program contains real-world examples, case studies, animations and videos to create a flexible, dynamic learning experience.

Courses Included

  • GAAP for NFPs
  • Financial Statement Presentation
  • Assets
  • Investments
  • Programmatic Investments
  • Split Interest Agreements and Endowments
  • Liabilities
  • Fair Value Issues Specific to NFPs
  • Net Assets
  • Revenue from Contributions
  • Exchange and Agency Transactions
  • Expenses

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Learning Objectives

  • Apply FASB ASC not-for-profit industry-specific guidance
  • Identify the proper accounting treatment for typical transactions of not-for-profit entities, including the significant changes related to revenue recognition
  • Recognize the financial statement presentation and disclosure requirements that apply to not-for-profit entities, including those added or amended under FASB ASU 2016-14

Major Topics

  • Reporting of expenses by nature and function
  • Distinguishing between program services and supporting services
  • Expense allocation methods
  • Accounting for joint activities
  • Financial statement presentation and disclosure

CPE Credits Available

19 CPE Credits
19
Accounting

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Estate Planning

Prerequisites

Knowledge of the not-for-profit industry

Advanced Preparation

None.

Intended Audience

CPA and non-CPA staff at small to mid-sized firms who perform not-for-profit financial reporting engagements, including partners and managers at these firms who wish to enter the NFP industry and need a basic understanding of the sector.

Board members and financial or non-financial staff members at not-for-profit organizations who are new to NFPs or who wish to expand on their understanding of the fundamental financial management issues that are unique to NFPs. A basic understanding of accounting is recommended.

Provider

AICPA - Durham

This can not be purchased at this time.