Course ID: FSNPO

Accounting and Reporting for Not-for-Profit Organizations

Do you need to enhance your not-for-profit accounting skills? Through a case- study-intense, highly interactive, classroom environment, this CPE course provides you with the tools necessary to go beyond the theory and create value-added services for your clients. This course allows you to examine, evaluate and perform case studies which will enhance your working knowledge of fundamental not-for- profit accounting and reporting, presentation requirements, note disclosures unique to not-for-profits and options allowed under GAAP. FASB’s new financial statement standard updates are included in this course.


LEARNING OBJECTIVES
  • Identify major components of accounting and reporting in not-for-profit organizations.
  • Recognize appropriate accounting for recording and recognizing contributions.
  • Identify concepts related to valuation of contributed services and promises received near year-end.
  • Determine the appropriate accounting for membership dues under various scenarios.

MAJOR TOPICS
  • Financial statement presentation, including FASB’s new financial reporting standard
  • Statement of activities
  • Statement of financial position and statement of cash flow
  • Note disclosures
  • Contribution concepts
  • Functional expense and allocation of costs
  • Endowments
  • Operating versus non-operating
  • Split interest agreements and beneficial trusts
  • Membership dues
  • Agency transactions
  • Programmatic investments
  • Common financial statement mistakes

DESIGNED FOR
Auditors, practitioners and accounting and finance professionals of not-for-profit organizations

FIELD OF STUDY
Accounting (Gvmt)

PREREQUISITES
Experience in the not-for-profit environment

COURSE PRODUCER
AICPA

CPE CREDITS
8.0

LEVEL
Intermediate

This course is available for your group as:

Group Live
 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: 888-481-3500 or learn@blionline.org