Identify the impact of the FASB’s Not-for-Profit Financial Statement Standard. Identify the unique aspects of the not-for-profit environment. Apply the unique not-for-profit accounting and reporting requirements, including revenue recognition. Recall ways to perform more effective audits of not-for-profit organizations with better knowledge of not-for-profit accounting and reporting requirements.
Core elements of financial reporting Exchange transactions and contributions Reporting and measuring results Impact of FASB’s Not-for-Profit Financial Statement Project
Experience in the not-for-profit environment