Accounting and Reporting for Not-for-Profit Organizations

*CAW Network USA member discounts applicable at checkout

Through a case study-intense, highly interactive, this self-study 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 generally accepted accounting principles.

Topics Discussed

• Financial statement presentation
• Statement of activities
• Statement of financial position and statement of cash flow Note disclosures
• Contribution concepts
• Contributions vs. Exchange transactions
• Contributed Services, facilities, and gifts in−kind
• Collections
• Functional expense and allocation of costs Endowments
• Operating versus non-operating
• Split interest agreements and beneficial trusts
• Relationships with other entities
• Agency transactions
• Programmatic investments
• Common financial statement mistakes

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.

Who will benefit

• Auditors, practitioners and accounting and finance professionals of not-for-profit organizations