Do you know what makes not-for-profit accounting and financial reporting different? Avoid the potholes of confusion and provide a financial picture that end users can truly understand. Through a combination of practical guidance and case studies, this course provides insight into what makes not-for-profits different. As well, you will receive guidance on FASB’s financial statement standard and revenue recognition, including grants and contracts.
Course ID: NFPF
Not-for-Profit Financial Reporting: Mastering the Unique Requirements
Learning Objectives
- Identify the impact of the FASB’s Not-for-Profit Financial Statement Standard.
- Identify the unique aspects of the not-for-profit environment.
- Apply the unique not-for-profit accounting and reporting requirements, including revenue recognition.
- Recall ways to perform more effective audits of not-for-profit organizations with better knowledge of not-for-profit accounting and reporting requirements.
Major Topics
• Core elements of financial reporting • Exchange transactions and contributions • Reporting and measuring results • Impact of FASB’s Not-for-Profit Financial Statement Project
Who Should Attend
Professionals working with or in the not-for-profit environment
Fields of Study
AuditingPrerequisites
Experience in the not-for-profit environment