Objective
- Obtain a working knowledge of the not-for-profit financial reporting requirements
- Skillfully prepare a not-for-profit’s financial statements with superior knowledge of accounting and reporting requirements
- Effectively apply today’s core not-for-profit accounting requirements while preparing for the changes coming to lease accounting areas
Highlights
- Key requirements, options, and disclosures related to each of the basic financial statements
- Functional and natural expense information reporting
- Requirements related to reporting liquidity and availability of financial assets
- ASU No. 2018-08 and its effect on the accounting for grants, contracts, and contributions in general
- The impact of new lease requirements (FASB ASC 842, Leases) on not-for-profits
- Core not-for-profit accounting requirements related to contributions, promises to give, contributed services, net assets, special events, the classification of expenses, and more
Designed For
Not-for-profit industry professionals and auditorsPrerequisite
Some introductory background in not-for-profit accounting and reportingAdvanced Preparation
None