Accounting and Reporting for Not-for-Profit Organizations
Description
Do you need to enhance your not-for-profit accounting skills? Through a case- study-intense, highly interactive, classroom environment, this CPE course provides you with the tools necessary to go beyond the theory and create value-added services for your clients. This course allows you to examine, evaluate and perform case studies which will enhance 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. FASB’s new financial statement standard updates are included in this course.
Learning Objectives
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.
Determine the appropriate accounting for membership dues under various scenarios.
Major Topics
Financial statement presentation, including FASB’s new financial reporting standard
Statement of activities
Statement of financial position and statement of cash flow
Note disclosures
Contribution concepts
Functional expense and allocation of costs
Endowments
Operating versus non-operating
Split interest agreements and beneficial trusts
Membership dues
Agency transactions
Programmatic investments
Common financial statement mistakes
Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Accounting & Auditing
Nonprofit / Not-For-Profit
CPE Field of Study
Accounting (Governmental)
8
Who Should Attend
Auditors, practitioners and accounting and finance professionals of not-for-profit organizations
Instructor(s)
Daniel Bradley
Prerequisites
Experience in the not-for-profit environment
Advanced Preparation
None
Location
Loyola Graduate Center
2034 Greenspring Dr Lutherville-Timonium, MD21093US