Statement of Activities

  • Monday, May 1, 2017 – Monday, April 30, 2018

  • 1.5
    Accounting (Governmental)

There are numerous ways in which an NFP's statement of activities differs from the income statement of a for-profit business. For example, to properly present revenues and gains, one will need to understand how donor-imposed stipulations affect classification. This CPE course offers you detail-rich interpretations and case studies that will help you learn to prepare an NFP's statement of activities.


  • Determine how to prepare, in accordance with GAAP, a statement of activities.
  • Identify the most appropriate financial statement format, considering the complexity of the entity.
  • Determine the effect of a particular transaction or significant event on the entity's statement activities.
  • Identify the effect of donor-imposed restrictions on the reporting of revenues in the statement of activities.


  • Comparative information
  • Contributions and Donor-imposed restrictions
  • Distinguishing revenues from gains
  • Expense reporting by function
  • Net asset classification
  • Presentation options
  • Industry best practices

Additional Information

Designed For

CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field


American Institute of CPAs

Field of Study

Accounting (Governmental)

Course Number


Level of Knowledge


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