GAAP for NFPs: Not-for-Profit Accounting & Financial Reporting

Overview

This course discusses generally accepted accounting principles (GAAP) as they apply to not-for-profit entities (NFPs). Specifically, the course will provide information about the sections of the FASB Accounting Standards Codification® (ASC) that should

Highlights

Key Topics

• Introduction to accounting topics that apply to Not-for-Profit Entities
• Accounting and financial reporting issues
• Authoritative and nonauthoritative guidance

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

  • Recognize accounting and reporting practices unique to NFPs.
  • Identify the NFP industry-specific guidance in the FASB ASC.
  • Recall the importance and use of nonauthoritative guidance.