On-Demand

11 CPE

Not-for-Profit Certificate II - Financial Reporting (On-Demand) 2024

On-Demand
11 CPE

  • Instructor

    Andrew
    Prather

Learn from the experts with this video-based, on-demand learning experience. Set yourself apart and get the tools and strategies you need to Learn from the experts with this video-based, on-demand learning experience. Set yourself apart and get the tools and strategies you need to sharpen your skills in not-for-profit (NFP) financial reporting. The program builds on core concepts as you get insights from industry leaders. You will learn techniques to successfully prepare an NFP’s financial statements, assess relationships with other not-for-profit and for-profit organizations to determine if consolidation is required, and interpret and analyze a set of NFP financial statements. This self-paced program contains e-learning exercises, targeted case studies, and detail-rich interpretations to create a flexible, dynamic learning experience you can complete online in your own time.

Courses Included

  • Statement of Financial Position
  • Statement of Activities
  • Statement of Cash Flows
  • Statement of Functional Expenses
  • Financial Statement Note Disclosures for NFPs
  • Interpreting and Analyzing Financial Statements
  • Preparing Consolidated Financial Statements

Learning Objectives

  • Identify how to prepare a complete set of not-for-profit financial statements in accordance with GAAP, including implementation of FASB Accounting Standards Updates likely to be effective for most NFPs’ next financial reporting periods.
  • Identify how the financial statements interrelate.
  • Analyze a fact pattern to determine the effect of a particular transaction or significant event on the NFP’s financial statements.
  • Assess the financial health of an NFP using ratio analysis and other methods.
  • Recognize potential red flags in an NFP’s financial statements.

Major Topics

  • Financial statement preparation
  • Statements of financial position
  • Statements of activities
  • Statements of cash flows
  • Statements of functional expenses
  • Consolidated financial statements
  • Direct versus indirect cash flow statements
  • Analysis of financial statements
  • Presentation options available to NFPs
  • Common errors in NFP accounting and financial reporting
  • Financial reporting trends and techniques

CPE Credits Available

11 CPE
11
Accounting

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Accounting & Auditing

Prerequisites

Experience working in or with the not-for profit industry

.

Advanced Preparation

None.

Intended Audience

CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field

Provider

AICPA - Durham

Purchase This Course

  • COCPA Member

    $ 295 295
    Join

  • COCPA Non-Member

    $ 385 385
    Your Price

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