Course ID: FSNPO

Accounting and Reporting for Not-for-Profit Organizations

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


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.
  • 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.

MAJOR TOPICS
  • 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

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 avaliable for your group as:

Group Live On-Demand
 

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