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Preparing Not-for-Profit Financial Statements

8:30 am–4:15 pm ET

# of CPE Credits

8

Description

In order to prepare accurate and effective not-for-profit financial statements, professionals must have a strong, working knowledge of the reporting requirements. Now is the time to obtain that knowledge! This course explains the requirements, illustrates how the requirements manifest themselves in the financial statements, and clarifies key options that not-for-profits have in applying the requirements. The course also examines and illustrates key accounting requirements affecting not-for-profits including revenue recognition, contributions, and leases. The course materials utilize a highly illustrative and innovative format, including over 30 focused exercises to provide an enhanced working knowledge of not-for-profit accounting and reporting.

Objective

Obtain a working knowledge of the new not-for-profit requirements contained in ASU No. 2016-14 and ASU No. 2018-08 Skillfully prepare a not-for-profit’s financial statements through superior knowledge of accounting and reporting requirements Effectively apply today’s core not-for-profit accounting requirements while also preparing for changes coming in the area of leases

Highlights

The key requirements, options, and disclosures related to each of the basic financial statements How the reporting of functional and natural expense information has changed The new requirements related to providing liquidity and availability of financial assets information The implementation of ASU No. 2018-08 and its effect on the accounting for grants and contracts as well as contributions in general How the new lease requirements (ASU No. 2016-02, Leases) impact 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

Who Should Attend

Not-for-profit industry professionals and auditors

Required Knowledge

Some introductory background in not-for-profit accounting and reporting

Advanced Prep

None

Event Speaker(s)

Joann Cross ( The Association of International Certified Professional Accountants, Lewisville, TX ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected] .

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via email 30 minutes prior to the start of a live online program.

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Share This Event

Event Vendor:Surgent McCoy CPE, LLC
Field of Study:Accounting
Level: Intermediate
Other:Yellow Book

Event Type:Webcast
NASBA Instructional Method:Group Internet Based
Event Code:W0020722

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$260.00
Non-MemberN/A$360.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.