This course provides you with the tools necessary to enhance your not-for-profit accounting skills and create value-added services to clients. We take you beyond the theory through a case-study-intense, highly interactive, classroom environment where you will examine, evaluate, and perform 21 case studies enhancing 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
Course ID: FSNPO
Accounting and Reporting for Not-for-Profit Organizations
- 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.
- Apply fund accounting and the reclassification of fund balances into net asset classes.
- Recall the effects of split-interest agreements on not-for-profit entities.
- Determine the appropriate accounting for membership dues under various scenarios.
- Financial statement presentation
- Note disclosures
- Operating and non-operating costs
- Allocation of fundraising costs
- Contributed services
- Membership fees
- Split-interest agreements
- Common financial statement mistakes
- Grant contributions and exchange transactions
- Statement of activities
- Programmatic Investments