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Technical

Not-for-Profit Accounting and Financial Reporting Logo aicpa

  Karen Craig |   $419.00 - 499.00 |   CPE: 19.0 |   AICPA |   Apr 2015 |   Accounting |   AICPA Store
Who Will Benefit?
  • CPA and non-CPA staff at small to mid-sized firms who perform not-for-profit financial reporting engagements, including partners and managers at these firms who wish to enter the NFP industry and need a basic understanding of the sector.
  • Board members and financial or non-financial staff members at not-for-profit organizations who are new to NFPs or who wish to expand on their understanding of the fundamental financial management issues that are unique to NFPs. A basic understanding of accounting is recommended.
  • CPAs and non-CPAs at firms or NFPs who wish to make sure their knowledge of NFP-specific financial accounting concepts is up-to-date with the latest changes to GAAP, including those related to financial statement presentation and revenue recognition.
Learning Objectives
  • Apply FASB ASC not-for-profit industry-specific guidance
  • Identify the proper accounting treatment for typical transactions of not-for-profit entities, including the significant changes related to revenue recognition
  • Recognize the financial statement presentation and disclosure requirements that apply to not-for-profit entities, including those added or amended under FASB ASU 2016-14

This series of CPE courses is a part of the comprehensive Not-for-Profit Certificate I Program. This track can be purchased individually, or as a part of the full Certificate Program.

The 12 courses included in this track aim to provide a comprehensive foundation in financial accounting and reporting standards that apply to each of the major transaction cycles of a not-for-profit entity (NFP). Ideal for someone new to NFPs, or in need of a refresher, this set provides an overview of accounting for contributions, endowments, split-interest agreements, fair value measurement, programmatic investments, functional classification of expenses, net asset classification, and financial statement presentation—including the latest updates to GAAP that are or soon will be effective for most NFPs. This interactive CPE-hour program contains real-world examples, case studies, animations and videos to create a flexible, dynamic learning experience.

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). If you started Not-for-Profit Certificate I prior to July 31, but did not complete it, click here to find out how this and related course updates affect you. If you completed the program prior to July 31 and would like to retake only those courses with significant updates for new standards, click here to learn about the Certificate I Update Pack.

Courses Included
Topics covered:
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting, Foundational
  • Not-for-profit: Technical: FASB financial accounting & reporting: Financial statement presentation, Foundational
  • Not-for-profit: Technical: Investments: Programmatic investments, Foundational
  • Not-for-profit: Technical: Contribution revenue & agency transactions, Foundational
  • Not-for-profit: Technical: Split-interest agreements, Foundational
  • Not-for-profit: Technical: Net assets & classification, Foundational
  • Not-for-profit: Technical: Exchange transaction revenue, Foundational

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