On-Demand


19 CPE

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

On-Demand
19 CPE
  • Instructor

    Karen
    Craig

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
19
Accounting

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Accounting & Auditing

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.