Statement of Activities

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1.5 Credits

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.

Major Topics

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

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
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