Introduction to the Not-for-Profit Industry

The not-for-profit industry has unique requirements. This course enables participants to understand and apply those unique requirements, including accounting and financial statement presentation unique to not-for-profits, understanding of asset restrictions, understanding when an entity qualifies for tax-exempt status, and tax filing requirements for not-for-profits.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:

After attending this presentation you will be able to...

• Recognize unique accounting and financial reporting requirements
• Recall asset restrictions and the requirements of those restrictions
• Distinguish what tax exemptions are and aren't, and identify what reporting requirements still remain

The major topics covered in this class include:

• Unique accounting and financial reporting
• Restricted assets: what are they and how do we work with them?
• Tax exemption requirements and reporting

Designed for: All levels of staff and professionals

Level: Basic

Instructor: Keely A. Gohl

CPE Credits:  1

Area of Study: Accounting & Auditing