Revenue from Contributions: Not-for-Profit Accounting & Financial Reporting

Description

Not-for-profits (NFPs) frequently receive contributions from individuals, foundations, businesses, other NFPs and government agencies. These contributions can come with donor-imposed conditions, restrictions, or both.

In this CPE course, you will learn the core principles for recognition and measurement of contributions. You will have an opportunity to work through real world scenarios. Topics covered include promises to give, donated goods and services, contributions of long-lived assets, performance guarantees, and below-market interest rate loans.

Learning Objectives
  1. When you complete this course, you will be able to:
  2. Identify some of the critical characteristics of contributions and the restrictions that may be placed upon them by an NFP’s donors
  3. Differentiate between conditional and unconditional promises to give and apply the proper revenue recognition procedures
  4. Recall the key issues relating to the recording and valuation of contributions of services, financial assets other than cash, non-financial assets, and use of non-financial assets
Major Topics
  1. NFP reporting standards related to revenue recognition
  2. Financial statement presentation and disclosures related to contributions
Provider
AICPA
Course Level
Basic
CPE Field of Study
Accounting
1.0
Business Management & Organization
1.0
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.
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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Revenue from Contributions: Not-for-Profit Accounting & Financial Reporting


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