Interpreting and Analyzing Financial Statements: Not-for-Profit Financial Reporting

Available Anytime
Location: Online
2Credits
Accounting and Auditing
Registration is Open
FICPA Members
$75.00 Regular Price
Nonmembers
$95.00 Regular Price
Product Code: AI23-NFP2-AFR6
Level: Intermediate
Vendor: AICPA CPE Division
Field of Study: Accounting

Overview:

This video-based CPE course is included in the Not-for-Profit Certificate II Program. It can be purchased individually or as a part of the Not-for-Profit Certificate II - Financial Reporting track.

Identifying mission-critical information in a not-for-profit (NFP) organization's financial statements is vital to analyzing an NFP's health and making plans. Ratio analysis and other methods are tools that can be used to make informed, strategic decisions regarding cash flow management, resource allocation, and investment in capacity-building activities to more effectively and efficiently achieve an NFP's mission.

This CPE course offers you detail-rich examples and case studies that will help you understand how financial statements interrelate, identify potential red flags within a set of NFP financial statements, and perform strategic analysis. Included in the course resources are various financial statement examples and common ratios used in analyzing NFP financial statements.

Note: As of August 1, 2018, course content has been updated to reflect implementation of FASB Accounting Standards Updates (ASUs) effective for most not-for-profit entities for their next financial reporting period, including those related to financial statement presentation (ASU 2016-14) and revenue recognition (ASU 2014-09 and ASU 2018-08).

Objectives:

Learning Outcomes

  • Understand how NFP financial statements are interrelated
  • Understand key items to look for in NFP financial statements
  • Apply ratio and trend analysis to NFP financial statements

Major Topics:

Key Topics

  • Interpreting trending data
  • Conducting ratio analysis
  • Managing liquidity
  • Identifying potential red flags within an organization's financial statements


Prerequisite:

Intermediate