Financial Statement Presentation: Not-for-Profit Accounting & Financial Reporting

Description

This CPE course is included in the 40-hour Not-for-Profit Certificate I Program. It can also be purchased individually or as a part of the Not-for-Profit Certificate I Accounting and Financial Reporting Bundle.

Not-for-profit organizations (NFPs) prepare financial statements in order to report critical information about programs and operations to a diverse group of stakeholders. Users of an NFP’s financial statements include donors, grantors, creditors, program beneficiaries, and others who have a need to assess the financial health of the NFP.

In this CPE course, you will work through several examples to understand the basic reporting requirements, note disclosures and presentation formats that are available to NFPs.

Learning Objectives
  1. When you complete this course, you will be able to:
  2. Identify the basic financial statements prepared by NFPs
  3. Recall various reporting formats used by NFPs
  4. Identify the unique NFP note disclosure requirements
  5. Differentiate between the three classes of net assets and the effect on financial reporting
Major Topics
  1. Statement of financial position
  2. Statement of activities
  3. Statement of cash flows
  4. Statement of functional expenses
  5. Net asset classification
  6. Required note disclosures
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Accounting
2.0
Who Should Attend
CPAs who are new to NFPs, entry-level staff in public accounting firms, seasoned professionals with limited exposure to NFPs, and NFP board members.
Course Level
Basic
Instructor(s)
Karen Craig
Prerequisites
None
Register Now
When
Available 24/7
Location
Online
Total CPE Credits
2.0
Format
On-Demand
Instructor
Karen Craig

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Financial Statement Presentation: Not-for-Profit Accounting & Financial Reporting


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