Not-for-Profit Accounting: Reporting and AnalysisCode: 24-NFP

119 Pages

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. 

Presentation Method:  QAS Self-Study

 

Category: Accounting

 

CPE credit:  5 Hours




Program Level:  Update




Prerequisites:  None




Advance Preparation:  None




Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase