Liabilities: Not-for-Profit Accounting & Financial Reporting

Online Course Available 24/7 CPE: 2.0 Format: On-Demand
COURSE DESCRIPTION

Accurate reporting of liabilities is essential to presenting a clear picture of a not-for-profit entities (NFP’s) financial health. Creditors, constituents and other users of an NFP’s financial statements rely on the information regarding an organization’s liabilities to assess its short-term and long-term sustainability. In addition, an NFP’s role in providing societal benefits and its tax-exempt status raises unique issues for NFPs that issue debt instruments, such as bonds, to raise funds for operations or to construct program facilities.

In this CPE course, you will learn about the accounting and reporting standards related to the most significant liabilities for many NFPs, including debt instruments such as notes and bonds, pension and other postretirement plan obligations, and other liabilities common to NFPs. In addition, this course discusses financial statement presentation and required note disclosures related to debt. You will work through several scenarios and examples.

LEARNING OBJECTIVES
When you complete this course, you will be able to:
Identify liabilities common to NFPs
Recall the accounting for an NFP’s debt
Recognize the disclosures required for an NFP’s liabilities
MAJOR TOPICS
Fair Value Measurement
Debt instruments
Taxable and tax-exempt bonds
Debt extinguishment and modification transactions
Debt issuance costs
Pension and other defined benefit post-retirement plan obligations
Other liabilities
Financial statement presentation and disclosure
COURSE DETAILS
PROFESSIONAL AREAS OF FOCUS
Accounting & Auditing
CPE FIELD OF STUDY
Accounting (2.0 Credits)
INSTRUCTOR(S)
Karen Craig
PREREQUISITES
None
COURSE LEVEL
Basic

MACPA MEMBER


$ (% off)
$59.00
Price includes $xx early registration discount(s) - expires xx/xx

NON-MEMBER


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