Course

Accounting & Reporting for Not-For-Profit Organizations - Virtual Only

View All Professional Development

Event Details

Friday, August 28, 2020

8:00am – 4:00pm
(Registration: 7:30am)

Location

Hilton Garden Inn

2465 Grant Rd

Billings, MT 59102

406-655-8800

Field of Study

  • Accounting

CPE Credit

8 hours CPE credit

Course Code

FSNPO-37

Instructor

Level of Knowledge

Intermediate

Vendor

AICPA

Prerequisites

Experience in the not-for-profit environment.

Description

After much thought, MSCPA has decided to take all our CPE Classes till the end of December 2020 to virtual, this includes all conference. The risk of COVID-19 is just too high and we would not want any of you to get sick at one of our classes. All materials will be electronic.

Do you need to enhance your not-for-profit accounting skills? Through a casestudy-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.

Highlights

  • 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

Objectives

When you have completed this course, you should be able to:

  • 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 of contributed services and promises received near year-end

Designed For

Auditors, practitioners and accounting and finance professionals of not-for-profit organizations.

View All Professional Development