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Overview

8.0 Credits
ONLINE

Do you need to enhance your not-for-profit accounting skills? Through a case- study-intense, highly interactive classroom environment, receive the tools necessary to go beyond the theory and create value-added services for your clients. Examine, evaluate, and perform case studies to 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 generally accepted accounting principles. 

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. 

Major Topics

  • Financial statement presentation, including FASB’s 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
  • Agency transactions
  • Programmatic investments
  • Common financial statement mistakes 

Prerequisite

Experience in the not-for-profit environment

Advanced Preparation

None

Sessions

Please select the appropriate session or option below to continue with your online purchase

Monday, November 9, 2020

General Sessions