Seminar

VIRTUAL - Accounting and Reporting for Not-for-Profit Organizations

  • Tuesday, October 27, 2020

    9:00am – 4:30pm
    (Registration: 8:40am)
  • 8
    CREDITS
    Accounting (Yellow Book)

Virtual classes allow us to bring the instructor LIVE to your electronic device.  During the course, you will be able to see the same instructor and the presentation in real time and ask questions during the seminar. 
Virtual Class Agenda
8:40am - Virtual Doors Open
9:00am - Class Begins
12:30pm - Lunch
1:00pm - Class Resumes
4:30pm - Class Ends
Please note: All breaks will be announced by the instructor at the start of class

Do you need to enhance your not-for-profit accounting skills? Through a case-study-intense, highly interactive, classroom environment, this course provides you with the tools necessary to go beyond the theory and create value-added services for your clients. This course allows you to examine, evaluate and perform case studies which 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. FASB's financial statement standard updates, revenue recognition, and grants and contracts standards are included in this course.

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

Highlights

  • Financial statement presentation
  • Statement of activities
  • Statement of financial position and statement of cash flow
  • Note disclosures
  • Contribution concepts
  • Contribution versus exchange transactions
  • 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

Additional Information

Designed For

Auditors, practitioners and accounting and finance professionals of not-for-profit organizations

Vendor

American Institute of CPAs

Advanced Preparation

None

Credits

8.00 Accounting/Yellow Book

Prerequisite

Experience in the not-for-profit environment

Instructor

Charles Borek

Course Number

20FSNPO/NC

Level of Knowledge

Intermediate

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