Back Search

Overview

8.0 Credits
ONLINE

Professionals must have a strong working knowledge of the reporting requirements to prepare accurate and effective not-for-profit financial statements. Examine the requirements and how they manifest in the financial statements, and clarify options available to not-for-profits when applying them. Cover key accounting areas that affect not-for-profits, including revenue recognition, contributions and leases. The course materials utilize a highly illustrative and innovative format, including over 30 focused exercises to enhance knowledge of not-for-profit accounting and reporting.

Objectives

  • Obtain a working knowledge of the new not-for-profit requirements contained in ASU No. 2016-14 and ASU No. 2018-08
  • Skillfully prepare a not-for-profit’s financial statements through superior knowledge of accounting and reporting requirements
  • Effectively apply today’s core not-for-profit accounting requirements while also preparing for changes coming in the area of leases

 

Major Topics

  • The key requirements, options, and disclosures related to each of the basic financial statements
  • How the reporting of functional and natural expense information has changed
  • The new requirements related to providing liquidity and availability of financial assets information
  • The implementation of ASU No. 2018-08 and its effect on the accounting for grants and contracts as well as contributions in general
  • How the new lease requirements (ASU No. 2016-02, Leases) impact not-for-profits
  • Core not-for-profit accounting requirements related to contributions, promises to give, contributed services, net assets, special events, the classification of expenses, and more

 

Prerequisite

Some introductory background in not-for-profit accounting and reporting

Sessions

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

Wednesday, October 16, 2024

General Sessions
Add to Cart