Statement of Cash Flows: Not-for-Profit Financial Reporting


A statement of cash flows is necessary to comply with GAAP, which is required of for-profit and not-for-profit (NFP) businesses alike. However, NFPs are required to comply with unique industry-specific guidance that applies only to them. For example, when an NFP receives cash with a donor-imposed restriction or holds cash for the purpose of a long-term endowment, debt-service reserve, quasi endowment, or future acquisition of property, those activities will require special reporting consideration.

This CPE course offers you detail-rich examples and case studies. Learn the nuances of NFP financial reporting and get the information you need to successfully prepare a statement of cash flows.

You will have an opportunity to download a sample NFP statement of cash flows, which is included in your course materials.

Learning Objectives
  1. When you complete this course, you will be able to:
  2. Determine how to prepare, in accordance with GAAP, a statement of cash flows (SCF)
  3. Differentiate between operating, financing, and investing activities
  4. Determine the effect of a particular transaction or significant event on the reporting entity’s SCF
  5. Differentiate between direct method and indirect method cash flow statement and identify steps for successful completion of the statements under both methods
Major Topics
  1. GAAP industry-specific guidance
  2. Industry best practices
  3. Direct and indirect method
  4. Classification (operating, investment, and financing activities)
  5. Reconciliation of change in net assets to cash balances
  6. Effect of donor restrictions on cash flow reporting
Course Level
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Accounting (Governmental)
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.
Knowledge of not-for-profit sector and experience working with basic financial statements.
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Available 24/7
Total CPE Credits


$ (% off)


$ (% off)
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Statement of Cash Flows: Not-for-Profit Financial Reporting

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