Accounting and Reporting for Not-for-Profit Organizations
Description
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 21 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.
Learning Objectives
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.
Major Topics
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
Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Accounting & Auditing
Government
CPE Field of Study
Accounting (Governmental)
8
Who Should Attend
Auditors, practitioners and accounting and finance professionals of not-for-profit organizations
