Do you know what makes not-for-profit accounting and financial reporting different? This course will cover the requirements under FASB’s financial statement standard and provide insight into what makes not-for-profit financial reporting different, such as accounting for grants and contracts. This course will train you to clear key hurdles in not-for-profit accounting and reporting in an efficient and effective manner. Avoid the potholes of confusion and provide a financial picture that end users can truly understand.
• Identify the impact of FASB Standards impacting not-for-profits • Identify the unique aspects of the not-for-profit environment, such as accounting for revenues and expenses. • Recall ways to perform more effective audits of not-for-profit organizations with better knowledge of not-for-profit accounting and reporting requirements.
• Exchange transactions, contributions, and gains and losses
• Grants and contracts
• Expenses
Professionals working with or in the not-for-profit environment
Experience in the not-for-profit environment
None
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