Preparing Financial Statements and Analysis

Not-for-Profit Accounting: Reporting and Analysis

The Financial Accounting Standards Board (FASB) provides guidance for communication of a not-for-profit organization’s (NFPO) financial performance and condition to stakeholders (e.g. donors, grantors, creditors). To assist management and auditors in preparing financial statements and performing engagements, this course provides an overview of the accounting and reporting framework applicable to NFPOs that apply FASB standards. It also discusses accounting by specific nonprofits – colleges and universities, voluntary health and welfare organizations, and health care entities. Finally, the course describes financial analysis and ratios that can be useful to analyze the financial fitness of NFPOs.

Learning Objectives:

After completing this course, participants should be able to:

  • Identify the objectives of financial reporting by not-for-profit organizations (NFPOs)
  • Identify financial statement presentation and disclosure for NFPOs
  • Recognize how net assets are affected by different types of transactions
  • Recognize the method of grouping expenses according to the purpose for which costs are incurred
  • Distinguish between a contribution and an exchange transaction
  • Distinguishing between conditional and unconditional contributions
  • Recognize net asset presentation requirements of higher education
  • Identify major functional expense classes of voluntary health and welfare organizations
  • Recognize accounting rules of charity care and malpractice claims for private not-for-profit hospitals
  • Recognize different examples of ratio analysis


Prerequisites/Advanced Preparation:

None


Speaker / Author:

Steve Spafford, MBA, CPA, has over 20 years' experience as a CPA working with large public accounting firms, and in numerous executive roles at multinational public corporations. He is a member of DeltaCPE LLC, a leading publisher of continuing professional education courses for CPAs, and has edited CPA ethics courses provided to over 35 states.

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Price (USD)

Standard: $99.80

Details

Course Code : 99DEL71

Release Date : 07/18/2023
Expire Date : 05/31/2025
Credits :
CPE 4.00
QAS 4.00
Length : 3hr 20min
Course Level : Basic
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : Preparing Financial Statements and Analysis

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