This course provides you with the tools necessary to enhance your not-for-profit accounting skills and create value-added services to clients. We take you beyond the theory through a case-study-intense, highly interactive, classroom environment where you will examine, evaluate, and perform case studies enhancing your working knowledge of fundamental not-for-profit accounting and reporting, presentation requirements, note disclosures unique to not-for-profits, and options allowed under GAAP.
When you complete this course you will be able to:
– Identify major components of accounting and reporting in not-for-profit organizations.
– Recognize appropriate accounting for recording and recognizing
contributions.
– Identify concepts related to valuation of contributed services and
promises received near year-end.
– Apply fund accounting and the reclassification of fund balances into
net asset classes.
– Recall the effects of split-interest agreements on not-for-profit
entities.
– Determine the appropriate accounting for membership dues under various
scenarios.
– Financial statement presentation
– Note disclosures
– Operating and nonoperating costs
– Allocation of fundraising costs
– Contributed services
– Membership fees
– Split-interest agreements
– Common financial statement mistakes
– Grant contributions and exchange transactions
– Statement of activities
– Programmatic Investments
Auditors, practitioners and accounting and finance professionals of not-for-profit organizations
Experience in the not-for-profit environment
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