Not-for-profit organizations encounter distinct accounting complexities. This course provides an introduction to the financial statements and specialized accounting principles relevant to nonprofits. Attendees will explore key topics such as net assets, agency transactions, contributions, and endowments, focusing on the unique transactions and account balances that define not-for-profit accounting.
Product Code
1000005103-141229
Credit Type
CPE: 2
CPE-AA: 2
CPE-Technical: 2
CPE-YB: 2
Intended Audience
CPAs and other financial professionals preparing the type of work described.
NASBA Field of Study
Accounting
Level of Difficulty
Intermediate
Prerequisites
Governmental Accounting 101 and 102 are preferred but not required
Advance Preparation
None
Learning Objectives
Recall the unique accounting principles and transactions applicable to NFP organizations
Identify the basic financial statements of nonprofit organizations
Recall the accounting for contributions
Identify net asset classifications for nonprofit organizations
Identify agency transactions
Major Subjects
Not-for-Profit Accounting
Accounting & Auditing
Yellow Book
Additional Details
This prerecorded broadcast is provided through our partnership with ACPEN. The Instructor will be available via the chat feature.