In-Person Only
This course qualifies for Yellow Book (Government Auditing Standards) CPE credit.
Not-for-profit organizations encounter distinct accounting complexities. This session provides an introduction to the financial statements and specialized accounting principles relevant to nonprofits. We’ll cover the composition of the financial statements and also take a deep dive into the unique accounting for contributions, net assets and agency transaction. We’ll use examples to apply what we learn through the session.
Learning Objectives:
• Identify the basic financial statements of nonprofit organizations
• Describe the accounting for contributions
• Recognize net asset classifications for nonprofit organizations
• Analyze a transaction to determine if its a contribution or exchange transaction