Statement of Financial Position: Not-for-Profit Financial Reporting

Online Course Available 24/7 CPE: 1.0 Format: On-Demand
COURSE DESCRIPTION

A not-for-profit (NFP) organization’s statement of financial position (SFP) is a vital tool to communicate information about an organization’s liquidity, financial flexibility and ongoing sustainability. NFPs have unique reporting requirements that differ from other businesses. Identifying how to properly group and classify assets and liabilities will ensure your organization is meeting GAAP requirements.

This CPE course offers you detail-rich examples and case studies that will help you account for common transactions and successfully prepare an NFP’s statement of financial position.

LEARNING OBJECTIVES
When you complete this course, you will be able to:
Determine how to prepare, in accordance with GAAP, a statement of financial position (SFP)
Identify the most appropriate financial statement format, considering the complexity of the entity
Determine the effect of a particular transaction or significant event on the reporting entity’s SFP
Distinguish the reporting of net asset classification in the SFP
MAJOR TOPICS
Restricted cash
Promises to give
Assets held in charitable trusts
Investments
Endowments
Net assets
Agency liabilities
Obligations under split-interest agreements
Classified financial statements
COURSE DETAILS
PROFESSIONAL AREAS OF FOCUS
Accounting & Auditing
CPE FIELD OF STUDY
Accounting (Governmental) (1.0 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)
$49.00
Price includes $xx early registration discount(s) - expires xx/xx

NON-MEMBER


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