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Technical

Accounting and Reporting for Not-For-Profit Organizations Logo aicpa

  Melisa F. Galasso, CPA, CGMA |   $119.00 - 195.00 |   CPE: 6.0-7.0 |   AICPA |   Jun 2019 |   Accounting (Governmental) |   AICPA Store
Enhance your skills.
Who Will Benefit?
  • Auditors, practitioners and accounting and finance professionals of not-for-profit organizations
Key Topics
  • Financial statement presentation, including FASB's financial reporting standard
  • Statement of activities
  • Statement of financial position and statement of cash flow
  • Note disclosures
  • Contribution concepts
  • Functional expense and allocation of costs
  • Endowments
  • Operating versus non-operating
  • Split interest agreements and beneficial trusts
  • 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.

Are you ready to create value-added services for your clients? This highly interactive, CPE self-study course allows you to examine, evaluate and perform case studies.

You 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.

Hot topics include:

  • Financial reporting (ASU 2016-14)
  • Grants and contracts (ASU 2018-08)
  • Revenue recognition
Topics covered:
  • Management accounting: Technical: Financial accounting & reporting: Financial reporting & compliance, Intermediate
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting, Intermediate
  • Not-for-profit: Technical: FASB financial accounting & reporting: Financial statement presentation, Intermediate
  • Not-for-profit: Technical: Investments: Programmatic investments, Intermediate
  • Not-for-profit: Technical: Contribution revenue & agency transactions, Intermediate
  • Not-for-profit: Technical: Split-interest agreements, Intermediate
  • Not-for-profit: Technical: Functional expenses & joint costs, Intermediate

Comments/Reflections