Not-for-Profit Organizations: Accounting Principles and Risk Management 2024

Friday, November 08, 2024
Webcast or Webinar, Online
11:00AM - 6:30 PM (opens at 10:30AM) EST
8Credits

Registration is Open

Members
$299.00 Regular Price
Non-Members
$399.00 Regular Price

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$160.00 Members / $224.00 Non-Members
Course Type: Webcast
Course Code: 24/7125275
Level: Intermediate
Vendor: California CPA Education Foundation
Field of Study: Accounting

Overview:

Not-for-profit organizations are one of the fastest-growing sectors of our economy, making it increasingly important that auditors, attorneys, CFOs and other advisers understand the unique accounting principles and challenges that apply. Examine the core principles and practices of not-for-profit accounting; review the general characteristics and operational environment of not-for-profit organizations; and discuss how to apply generally accepted standards and principles. Also, learn risk management best practices and common accounting errors.

Objectives:

• Identify accounting and reporting differences between for-profit and not-for-profit organizations • Determine fundamental accounting rules of not-for-profits • Recognize allocation methodologies and how they impact financial statements and external oversight • Identify hidden risk areas for not-for-profits to enhance audit procedures

Major Topics:

• Not-for-profit GAAP • Expense allocation methodologies • Risk management • Accounting errors

Major Topics:

• Not-for-profit GAAP • Expense allocation methodologies • Risk management • Accounting errors

Designed For:

CPAs, CFOs, attorneys, bankers, board members and consultants.

Prerequisites:

Understanding of intermediate accounting theory and practice. Experience with and knowledge about the financial operations of a nonprofit organization.