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Accounting and Reporting for Not-for-Profit Organizations (FSNPO)

  • 10/22/2020
  • 8:00 AM - 4:00 PM
  • Fargo Delta 701-277-9000

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Do you need to enhance your not-for-profit accounting skills? Through a case study-intense, highly interactive, classroom environment, this CPE course provides you with the tools necessary to go beyond the theory and create value-added services for your clients. This course allows you to examine, evaluate and perform case studies which will enhance your working knowledge of fundamental not-for profit accounting and reporting, presentation requirements, note disclosures unique to not-for-profits and options allowed under generally accepted accounting principles. FASB’s financial statement standard updates, revenue recognition, and grants and contracts standards are included in this course.

Learning Objectives:

  • Identify major components of accounting and reporting in not-for-profit organizations
  • Recognize appropriate accounting for recording and recognizing contributions
  • Identify concepts related to valuation

Major Topics:

  • Financial statement presentation
  • Statement of activities
  • Statement of financial position and statement of cash flow
  • Note disclosures
  • Contribution concepts
  • Contribution versus exchange transactions
  • Functional expense and allocation of costs
  • Endowments
  • Operating versus non-operating
  • Split interest agreements and beneficial trusts
  • Agency transactions
  • Programmatic investments
  • Common financial statement mistakes

Designed For: Auditors, practitioners and accounting and finance professionals of not-for-profit organizations

Level:
Intermediate
Instructor: Rick Reisig
Developer: AICPA
Area of Study: 8 Accounting
Prerequisite: Experience in the not-for-profit environment


Visit Us:

3100 South Columbia Road
Suite 500
Grand Forks, ND 58201

Contact Us: 

 (701) 775-7111
or (877) 637-2727
Email: info@ndcpas.org

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