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

When you complete this course you will be able to:

  • 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.
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Topics Discussed

  • 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

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COURSE CODE

FSNPO

FIELD OF STUDY

Accounting (Governmental)

CPE CREDIT HOURS

8

KNOWLEDGE LEVEL

Intermediate

INTENDED AUDIENCE

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

PREREQUISITE

Experience in the not-for-profit environment

ADVANCED PREPARATION

None

DELIVERY METHOD

Delivery Method: 

FIRST OFFERING

May 15, 2018 (First offering date guaranteed for all orders placed by 2/01/2018)

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CONTACT A TRAINING REPRESENTATIVE:


1-800-634-6780 Option 1 aicpalearning@aicpa.org

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