Due to the virtual environment, this course will now be 2 DAYS! We will have 4 hour sessions each day from 8:30 AM – 12:30 PM.
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 generally accepted accounting principles. FASB’s financial statement standard updates and revenue recognition standards are included in this course.
• 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.
• Financial statement presentation • Statement of activities • Statement of financial position and statement of cash flow • Note disclosures • Contribution concepts • Contribution versus exchange transactions • 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
Auditors, practitioners and accounting and finance professionals of not-for-profit organizations
Experience in the not-for-profit environment