Overview:
Do you know what makes not-for-profit accounting and financial reporting different? Avoid the potholes of confusion and provide a financial picture that end users can truly understand. Through a combination of practical guidance and case studies, this course provides insight into what makes not-for-profits different.
Objectives:
• Identify the impact of the FASB Standards impacting not-for-profits. • Identify the unique aspects of the not-for-profit environment. • Apply the unique not-for-profit accounting and reporting requirements, including revenue recognition and expense reporting. • Recall ways to perform more effective audits of not-for-profit organizations with better knowledge of not-for-profit accounting and reporting requirements.
Major Topics:
• Core elements of financial reporting • Exchange transactions, contributions, and gains and losses • Accounting for expenses • The not-for-profit environment and performance measures
Major Topics:
• Core elements of financial reporting • Exchange transactions, contributions, and gains and losses • Accounting for expenses • The not-for-profit environment and performance measures
Designed For:
Professionals working with or in the not-for-profit environment
Prerequisites:
Experience in the not-for-profit environment