Not-For-Profit Accounting

Price: $47.50

CPE Credits: 5.0

Category:

Course Number: AANOTPDP

Non profit accounting

Description:
Business organizations obtain resources by providing goods and services. Many not-for-profit organizations (NFPOs) obtain resources from contributors and are accountable to the providers of those resources or to their representatives. In general, GAAP requires not-for-profit organizations to issue a statement of financial position, a statement of activities, and a statement of cash flows. The focus is on the organization as a whole and on reporting assets, liabilities, and net assets; changes in net assets; flows of economic resources; cash flows, borrowing and repayment of borrowing, and other factors affecting liquidity; and service efforts. This course addresses the accounting and financial reporting for NFPOs (or NPOs) —colleges and universities, healthcare providers, voluntary health and welfare organizations (VHWOs), and other not-for-profit entities such as religious, educational, social, recreational entities. Also addressed is financial analysis and ratios that can be useful to analyze financial fitness of NFPOs.  Table of Contents

Delivery Method:
Online QAS Self Study.

Level: Basic to Intermediate.

Prerequisites: None

Advanced Preparation: None

Author:Jae Shim

Publication: January 2016 ; Update: January 2019

Format: PDF
Pages: 124

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  1. Recognize the types of and components of financial statements mandated by GAAP for not-for-profit organizations.
  2. Identify the difference between net assets with donor restrictions and net assets without donor restrictions for an NFPO and how these organizations should report contributions and other revenue sources.
  3. Identify reporting requirements of higher education.
  4. Recognize the financial statement reporting requirements for revenue for healthcare providers.
  5. Identify the auditing of and reporting requirements on the financial statements of governmental voluntary health and welfare organizations (VHWOs).
  6. Recognize the typical funds used to account for VHWO transactions.
  7. Recognize the reporting on the financial statements of other not-for-profit organizations (ONFPOs).
  8. Calculate depreciation financial reporting for ONFPOs.
  9. Recognize different examples of trend analysis.

 

Description:
Business organizations obtain resources by providing goods and services. Many not-for-profit organizations (NFPOs) obtain resources from contributors and are accountable to the providers of those resources or to their representatives. In general, GAAP requires not-for-profit organizations to issue a statement of financial position, a statement of activities, and a statement of cash flows. The focus is on the organization as a whole and on reporting assets, liabilities, and net assets; changes in net assets; flows of economic resources; cash flows, borrowing and repayment of borrowing, and other factors affecting liquidity; and service efforts. This course addresses the accounting and financial reporting for NFPOs (or NPOs) —colleges and universities, healthcare providers, voluntary health and welfare organizations (VHWOs), and other not-for-profit entities such as religious, educational, social, recreational entities. Also addressed is financial analysis and ratios that can be useful to analyze financial fitness of NFPOs.  Table of Contents

Delivery Method:
Online QAS Self Study.

Level: Basic to Intermediate.

Prerequisites: None

Advanced Preparation: None

Author:Jae Shim

Publication: January 2016 ; Update: January 2019

Format: PDF
Pages: 124

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  1. Recognize the types of and components of financial statements mandated by GAAP for not-for-profit organizations.
  2. Identify the difference between net assets with donor restrictions and net assets without donor restrictions for an NFPO and how these organizations should report contributions and other revenue sources.
  3. Identify reporting requirements of higher education.
  4. Recognize the financial statement reporting requirements for revenue for healthcare providers.
  5. Identify the auditing of and reporting requirements on the financial statements of governmental voluntary health and welfare organizations (VHWOs).
  6. Recognize the typical funds used to account for VHWO transactions.
  7. Recognize the reporting on the financial statements of other not-for-profit organizations (ONFPOs).
  8. Calculate depreciation financial reporting for ONFPOs.
  9. Recognize different examples of trend analysis.

 

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