On-Demand

40 CPE

Not-for-Profit Certificate I Program (On-Demand) 2022

On-Demand
40 CPE

Build a strong foundation for your nonprofit skills

If you work for or with a nonprofit and would like to build or refresh your knowledge of NFP financial concepts, this unique CPE program gives you the thorough grounding you’re looking for.

The four included tracks cover all aspects of nonprofit financial responsibility, including accounting & financial reporting, governance & assurance, and tax compliance.

Courses included in this program

  • Not-for-Profit Entity Overview
    Accounting and Financial Reporting Track
  • GAAP for NFPs
  • Financial Statement Presentation
  • Net Assets
  • Exchange and Agency Transactions
  • Revenue from Contributions
  • Assets
  • Programmatic Investments
  • Fair Value Issues Specific to NFPs
  • Expenses
  • Investments
  • Split Interest Agreements and Endowments
  • Liabilities
    Tax Compliance Track
  • Tax Exempt Status
  • Unrelated Business Income Tax
  • Introduction to Form 990
  • Private Foundations
  • Federal and State Filing Requirements
    Not-for-Profit Governance and Assurance Track
  • Best Practices in Board Governance
  • Risk Assessment and Internal Controls
  • Fraud Overview and Prevention
  • Planning the Audit Engagement
  • Financial Oversight, Budget and Strategy
  • Auditing Considerations

Format: Audio, Video, Interactive Elements

Learning Objectives

  • 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 ASU 2016-14.
  • Identify basic state and federal filing requirements of an exempt organization, recognize the core components of the annual information return Form 990, and identify when an NFP may be subject to unrelated business income tax.
  • Recognize best practices in NFP board governance, risk assessment and internal controls
  • Identify steps involved in planning a successful audit engagement and identify key auditing considerations and client communications.

Major Topics

  • Introduction to accounting topics that apply to Not-for-Profit Entities
  • Accounting and financial reporting issues
  • Tax compliance considerations, including fully updated information related to the Tax Cuts and Jobs Act
  • Best practices in governance and assurance

CPE Credits Available

40 CPE
16.5
Accounting
3
Auditing
12.5
Business Management & Organization
8
Taxes

Things to Know About This Course

Course Level

  • Basic

Prerequisites

Knowledge of the not-for-profit industry

Advanced Preparation

None.

Intended Audience

Anyone who works in or with a nonprofit who wants to build a strong foundational knowledge of the unique financial needs of the NFP sector, including financial reporting engagements, NFP tax engagements or NFP audit engagements
CPAs, financial professionals and NFP staff and board members looking to refresh or broaden existing knowledge

Provider

AICPA - Durham

This can not be purchased at this time.