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Technical

Assets: Not-for-Profit Accounting & Financial Reporting Logo aicpa

  Karen Craig |   $49.00 - 59.00 |   CPE: 1.5 |   AICPA |   Feb 2015 |   Accounting |   AICPA Store
Who Will Benefit?
  • CPAs who are new to NFPs, entry-level staff in public accounting firms, seasoned professionals with limited exposure to NFPs, and NFP board members
Topics Discussed
  • NFP reporting standards
  • Contributions receivable
  • Collections, works of art and historical treasures
  • Property and equipment and the related capitalization of interest
  • Joint ventures
  • Goodwill
  • Goodwill impairment
Learning Objectives
  • Identify the proper accounting treatment for assets unique to NFPs.
  • Differentiate between the options for recognizing collections, works of art, and historical treasures.
  • Recall when interest should be capitalized on long-lived assets.

This CPE course is included in the comprehensive Not-for-Profit Certificate I Program. It can also be purchased individually or as a part of the Not-for-Profit Accounting and Financial Reporting track.

Not-for-profits (NFPs) are mission-driven organizations that use various kinds of assets to provide goods and services to their beneficiaries. In this CPE course, you will learn about some of the assets unique to NFPs and the related accounting and reporting requirements.

Note: As of August 1, 2018, course content has been updated to reflect implementation of FASB Accounting Standards Updates (ASUs) effective for most not-for-profit entities for their next financial reporting period, including those related to financial statement presentation (ASU 2016-14) and revenue recognition (ASU 2014-09 and ASU 2018-08).

Topics covered:
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting, Foundational
  • Assurance: Technical: Audit, Foundational
  • Not-for-profit: Technical: FASB financial accounting & reporting, Foundational
  • Not-for-profit: Technical: PP&E - donated or restricted: Financial statement presentation, Foundational

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