Course Information
Not-for-Profit Accounting: Reporting and Analysis
Course Information
| Title: | Not-for-Profit Accounting: Reporting and Analysis |
|---|---|
| Category: | Accounting and Auditing |
| Field of Study: | Accounting |
| Course Code: | A019-0397 |
| CPE Credits: | 5.0 |
| Price: | 43.95 |
Description
Description:
Business organizations obtain resources by providing goods and services. Many not-for-profit organizations (NFPOs) obtain resources from contributors and are accountable to the providers of those resources or to their representatives. In general, GAAP requires NFPOs to issue a statement of financial position, a statement of activities, and a statement of cash flows. The focus is on the organization as a whole and on reporting assets, liabilities, and net assets; changes in net assets; flows of economic resources; cash flows, borrowing and repayment of borrowing, and other factors affecting liquidity; and service efforts. This course addresses the accounting and financial reporting for NFPOs (or NPOs) —colleges and universities, healthcare providers, voluntary health and welfare organizations (VHWOs), and other not-for-profit entities such as religious, educational, social, and recreational entities. Also addressed is financial analysis and ratios that can be useful to analyze the financial fitness of NFPOs.
Delivery Method: Online Interactive Self Study
Level: Overview
Prerequisites: None
Advanced Preparation: None
Course Details
Category: Accounting and Auditing
Field of Study: Accounting
Passing Score: 70%
Publication Date: 01/22/2019
Technical Details: Accounting is a technical field of study.
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Objectives
Objectives:
Chapter 1 Not-for-Profit Organizations 1. Recognize the types of and components of financial statements mandated by GAAP for not-for-profit organizations. 2. Identify the difference between net assets with donor restrictions and net assets without donor restrictions for an NFPO and how these organizations should report contributions and other revenue sources.
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Profession
NASBA: Yes
QAS: Yes
CPA: Suitable for all CPAs
IRS: No IRS credit for Enrolled Agents.
Profession Identifiers: CPA