Case Studies in Not-for-Profit Accounting and Auditing (111226A-15)
Description
Gain hands-on experience with case studies designed to simulate
real-world scenarios and common problems in today’s not-for-profit
environment. This course goes beyond the theory and will show you how to
navigate the key issues that arise in not-for-profit accounting and
auditing.
Learning Objectives
Identify the accounting differences between contribution and exchange
transaction revenues.
State key issues relating to the recording and
valuation of contributed services.
Identify key accounting issues
related to pledges and special event costs associated with a capital
campaign.
Recognize financial statement presentation deficiencies by
reviewing an incorrectly prepared statement.
Employ important auditing
concepts to a statement of functional expenses.
Discern effective
audit procedures to employ in response to identified fraud risk factors.
Analyze critical concepts involved in auditing contributions.
Major Topics
Net asset classifications: unrestricted, temporarily restricted, and
permanently restricted net assets
Promises to give
Contributed
services
Distinguishing contributions from exchange transactions
Capital campaigns and special events
Allocation of costs relating to
fundraising
Financial statement requirements
Fundraising events
Split-interest agreements
Consideration of fraud
Naming rights
Auditing
Auditing contributions
Assessing internal control
deficiencies
Audit issues related to the statement of functional
expenses
Course Level
Intermediate
CPE Field of Study
Accounting (Governmental)
4
Auditing (Governmental)
4
Prerequisites
Experience in the not-for-profit environment
Location
Loyola Graduate Center
2034 Greenspring Dr Lutherville-Timonium, MD21093US
