Skip to main content

Accounting for Not-for-Profit Entities FLEXCAST

Available Until

Your Desk

3.0 Credits

Member Price $147.00

Non-Member Price $169.00

Overview

This comprehensive course on not-for-profit accounting is a must-have for accounting professionals seeking to stay abreast of the latest changes in GAAP related to this specialized area. It offers a thorough exploration of all aspects of not-for-profit accounting, from discerning the nature of contributions to mastering financial statement presentations and disclosures. The benefits of this course extend beyond mere knowledge acquisition; it empowers you to apply standards to distinguish contributions from exchanges, handle conditional contributions adeptly, and make informed decisions about contribution classification and special provisions. What sets this course apart is the unique blend of expert knowledge and humor brought by Jeff Sailor, including his engaging video parodies, which make complex accounting concepts more accessible and memorable, enhancing both your learning experience and retention of key principles.

Highlights

Contributions received. Financial statements. Disclosures. Contribution versus exchange. Conditional contributions. Contribution classification. Services received from personnel of an affiliate. Contributed nonfinancial assets.

Prerequisites

None.

Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.

Objectives

Describe the recent changes to NFP accounting. Apply the standards to distinguish a contribution from an exchange. Describe a conditional contribution. Apply the standards for accounting for a conditional contribution. Apply the standards to classify a contribution as restricted or unrestricted. Apply the special provisions with regard to contributed services. Apply the provisions for collections. Apply the provisions for presentation of financial statements and disclosures. Describe issues for special issues.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.

Leader(s):

Leader Bios

Jeff Sailor, Western CPE

Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software.

Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights with humor in high-energy presentations. He’s also adept at presenting complex topics in a very practical, easy-to-understand manner, thus earning him rave reviews for more than 20 years. Jeff currently presents seminars, webcasts, and in-house instruction for Western CPE. He’s also a featured speaker at national conferences as well as at state and regional meetings.

For more than 10 years, Jeff has served as an AICPA peer reviewer, focusing on small firms and sole practitioners. He also served on the Resource Committee for the Private Company Financial Reporting Committee (PCFRC). Jeff has spoken at two NASBA national conferences on how to make education more engaging for practitioners.

Return to Top

Non-Member Price $169.00

Member Price $147.00