Expenses: Not-for-Profit Accounting & Financial Reporting

Online Course Available 24/7 CPE: 2.5 Format: On-Demand
COURSE DESCRIPTION

Not-for-profits (NFPs) exist to fulfill a public benefit or mission. Donors, creditors, and those charged with management and governance of the NFP will often rely on expenses reported in the NFP’s financial statements to assess the efficiency of resources expended to achieve the organization’s mission.

In this CPE course, you will learn the basics of accounting for expenses, including recognition, measurement, and financial statement display issues that are unique to NFPs. Topics covered include functional expense allocation methods and accounting for joint activities. You will have an opportunity to work through several real world examples.

LEARNING OBJECTIVES
When you complete this course, you will be able to:
Differentiate between gains, revenues, expenses and losses
Identify the requirements of an NFP’s reporting of expenses by functional classification
Recall the fundraising activities of an NFP and the kinds of expenses related to them
Recognize the proper accounting treatment for expenses from joint activities
MAJOR TOPICS
Functional reporting of expenses
Distinguishing between program services and supporting services
Expense allocation methods
Accounting for joint activities
Financial statement presentation and disclosure
COURSE DETAILS
PROFESSIONAL AREAS OF FOCUS
Accounting & Auditing
CPE FIELD OF STUDY
Accounting (2.5 Credits)
WHO SHOULD ATTEND
CPAs, financial professionals and NFP board members involved in financial reporting for NFPs or reviewing NFP financial statements.
INSTRUCTOR(S)
Karen Craig
PREREQUISITES
None
COURSE LEVEL
Basic

MACPA MEMBER


$ (% off)
$69.00
Price includes $xx early registration discount(s) - expires xx/xx

NON-MEMBER


$ (% off)
$79.00
Price includes $xx early registration discount(s) - expires xx/xx
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