Course ID: CNFP

Case Studies in Not-for-Profit Accounting and Auditing

Are you aware of the accounting treatment of transactions unique to the not-for-profit environment? During this course you will gain hands-on experience with case studies designed to simulate real-world scenarios and common problems in today’s not-for-profit environment. This course goes beyond the theory and will show you how to navigate the key issues that arise in not-for-profit accounting and auditing.


LEARNING OBJECTIVES
  • Identify the accounting differences between contribution and exchange transaction revenues.
  • Recall key issues relating to the recording and valuation of contributed services.
  • Identify key accounting issues related to pledges and special event costs associated with a capital campaign.
  • Recognize financial statement presentation deficiencies by reviewing an incorrectly prepared statement.
  • Apply important auditing concepts to a statement of functional expenses.
  • Determine effective audit procedures to employ in response to identified fraud risk factors.
  • Analyze critical concepts involved in auditing contributions.

MAJOR TOPICS
  • Financial statement requirements
  • Net asset classifications: unrestricted, temporarily restricted, and permanently restricted net assets
  • Consideration of fraud
  • Promises to give
  • Distinguishing contributions from exchange transactions
  • Auditing contributions
  • Contributed services
  • Split-interest agreements
  • Assessing internal control deficiencies
  • Capital campaigns and special events
  • Fundraising events and membership
  • Allocation of costs relating to fundraising
  • Audit issues related to the statement of functional expenses

DESIGNED FOR
Not-for-profit professionals responsible for accounting and reporting and auditors of not-for-profits

FIELD OF STUDY
Accounting (Gvmt)
Auditing (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 On-Demand
 

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