Preparing Consolidated Financial Statements: Not-for-Profit Financial Reporting

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

his CPE course is included in the 30-hour Not-for-Profit Certificate II Program. It can also be purchased individually or as a part of the Not-for-Profit Certificate II Accounting and Financial Reporting Bundle.

Many not-for-profits (NFPs) engage in strategic partnerships or ventures with other organizations. Working together, organizations share their strengths and achieve economies of scale. Because these relationships can take many different forms, half the battle is identifying which relationships will require entities to present consolidated financial statements. The other half is applying the unique reporting standards to these transactions to successfully prepare a set of consolidated financial statements.

This CPE course offers you detail-rich examples and case studies that will help you understand when and how to prepare consolidated financial statements. Included in the course resources are two flow charts that will assist is determining if consolidation is required, as well as various financial statement examples.

LEARNING OBJECTIVES
Upon completion of this course, participants will be able to :
Identify the characteristics of consolidated financial statements
Apply the principle of control to determine whether an NFP controls another entity and, therefore, should prepare consolidated statements
Determine the effect of a particular transaction on the consolidated statements
Identify how to prepare consolidated financial statements in accordance with GAAP
MAJOR TOPICS
Related party transactions
Controlling interests in other entitie
Economic interests in other entitie
Investments in for-profit entities
Accounting entries to perform consolidation
Consolidating financial statements
Note disclosures
COURSE DETAILS
CPE FIELD OF STUDY
Accounting (Governmental) (2 Credits)
WHO SHOULD ATTEND
CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field.
PREREQUISITES
Knowledge of not-for-profit sector and experience working with basic financial statements.
COURSE LEVEL
Intermediate

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
REGISTER FOR THIS COURSE
Loading