Courses

Surgent's Preparing Not-for-Profit Financial Statements

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Member Price: $279.00 Non-Member Price: $399.00

Date/Time:: Mar 31, 2025, 9:00am–5:00pm
Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Accounting (Governme: 8.00
Fields of Study:: Accounting (Governmental)
Level:: Intermediate

In order to prepare accurate and effective not-for-profit financial statements, professionals must have a strong working knowledge of the reporting requirements. Now is the time to obtain that knowledge! This course explains the requirements, illustrates how the requirements manifest in the financial statements, and clarifies options available to not-for-profits in applying the requirements. The course covers key accounting areas that affect not-for-profits, including revenue recognition, contributions, and leases. The course materials utilize a highly illustrative and innovative format, including over 30 focused exercises to provide an enhanced working knowledge of not-for-profit accounting and reporting.

Objective

Obtain a working knowledge of the not-for-profit financial reporting requirements
Skillfully prepare a not-for-profit’s financial statements with superior knowledge of accounting and reporting requirements
Effectively apply today’s core not-for-profit accounting requirements

Highlights

Key requirements, options, and disclosures related to each of the basic financial statements
The reporting of functional and natural expense information
Requirements related to providing liquidity and availability of financial assets information
Core not-for-profit requirements related to conditional and unconditional contributions, promises to give, contributed services, net assets, special events, the classification of expenses, and more
The impact of FASB ASC 842, Leases, on not-for-profits

Designed For

Not-for-profit industry professionals and auditors

Prerequisite

Some introductory background in not-for-profit accounting and reporting

Advanced Preparation

None