Statement of Financial Position: Not-for-Profit Financial Reporting

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.

A not-for-profit (NFP) organization's statement of financial position (SFP) is a vital tool to communicate information about an organization's liquidity, financial flexibility and ongoing sustainability. NFPs have unique reporting requirements that differ from other businesses. Identifying how to properly group and classify assets and liabilities will ensure your organization is meeting GAAP requirements. This CPE course offers you detail-rich examples and case studies that will help you account for common transactions and successfully prepare an NFP's statement of financial position. Included as a course resource is a sample NFP statement of financial position.

Note: As of August 1, 2018, the content of this course has been significantly 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). If you started but did not complete Not-for-Profit Certificate II prior to July 31, click here to find out how this and related course updates affect you. If you completed the program prior to July 31 and would like to retake only those courses with significant updates for new standards, click here to learn about the Certificate II Update Pack.