Statement of Financial Position
Thursday, August 15, 2019 – Thursday, April 30, 2020
A not-for-profit (NFP) organization's statement of financial position (SFP) is a vital tool to communicate information about an organization's liquidity, financial flexibility and ongoing sustainability. This CPE course offers you detail-rich examples and case studies that will help you account for common transactions and successfully prepare an NFP's statement of financial position.
? 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 reporting entity's SFP.
? Distinguish the reporting of net asset classification in the SFP.
? Promises to give
? Assets held in charitable trusts
? Net assets
? Agency liabilities
? Obligations under split-interest agreements
? Classified financial statements