Net Assets: Not-for-Profit Accounting & Financial Reporting

Online Course Available 24/7 CPE: 1.0 Format: On-Demand
COURSE 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-profits (NFPs) are unique in that they often receive substantial amounts of contributions, many of which contain donor-imposed restrictions as to their use. The existence or absence of donors’ restrictions forms the basis for the classification of an NFP’s net assets.

In this CPE course, you will learn the basics of net asset classification. Topics covered include donor-imposed restrictions, identifying when restrictions may be implied, financial statement presentation of net assets and required footnote disclosures. The course culminates in a virtual case study in which you will have an opportunity to apply the technical concepts you have learned to real-world scenarios.

LEARNING OBJECTIVES
Upon completion of this course, participants will be able to:
Differentiate between the three classifications of net assets: permanently restricted, temporarily restricted, and unrestricted
Recall how donor-imposed restrictions affect the classification of net assets
Recall how donor-imposed restrictions affect the classification of net assets
MAJOR TOPICS
NFP reporting standards related to net assets
Accounting for donor-imposed restrictions* Reclassifications of net assets
Financial statement presentation and disclosure of net assets
COURSE DETAILS
PROFESSIONAL AREAS OF FOCUS
Accounting & Auditing BLI Leadership
CPE FIELD OF STUDY
Accounting (0.5 Credits) Business Management & Organization (0.5 Credits)
INSTRUCTOR(S)
Karen Craig
PREREQUISITES
None
COURSE LEVEL
Basic

MACPA MEMBER


$ (% off)
$29.00
Price includes $xx early registration discount(s) - expires xx/xx

NON-MEMBER


$ (% off)
$39.00
Price includes $xx early registration discount(s) - expires xx/xx
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