Not-for-Profit Certificate I - Accounting & Financial Reporting

Overview

Part of the Not-for-Profit Certificate I Program, this track provides a comprehensive grounding on the key not-for-profit issues in accounting and financial reporting.

Highlights

Key Topics

• Reporting of expenses by nature and function
• Distinguishing between program services and supporting services
• Expense allocation methods
• Accounting for joint activities
• Financial statement presentation and disclosure

Prerequisites

None

Designed For

Who Will Benefit

• New accountants interested in the basics of accounting and financial reporting requirements that apply to not-for-profit entities.
• Experienced accountants that are new to the not-for-profit i

  Objectives

  Learning Outcomes

  • Apply FASB ASC not-for-profit industry-specific guidance.
  • Identify the proper accounting treatment for typical transactions of not-for-profit entities.
  • Recognize the financial statement presentation and disclosure requirements that apply to not-for-profit entities.