Nonprofit Accounting ON DEMAND
Available Until
Your Desk
16.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
The distinct accounting requirements of nonprofit organizations can be challenging, with complexities arising from specific standards and practices that differ from for-profit businesses. This often leads to uncertainty in creating and managing effective accounting systems within the nonprofit context. This accounting for nonprofits course acts as a bridge to this knowledge gap, offering a thorough understanding of the essential elements of nonprofit financial management. The nonprofit accounting course begins with foundational accounting principles for nonprofits and advances through topics such as financial statement preparation, revenue recognition, budgeting, and controls. The not for profit CPE accounting course also tackles specialized areas like the accounting for joint costs, split-interest agreements, and the specific considerations in nonprofit mergers and acquisitions. Upon completion, participants will have transformed their understanding and capabilities, equipped to adeptly handle the unique financial challenges of nonprofit organizations, ensuring both compliance and operational excellence.
Highlights
Nonprofit entity. Basic nonprofit accounting concepts. Nonprofit financial statements. Revenue accounting. Government grants. Investment accounting. Inventory accounting. Fixed asset accounting, and more.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Cite the criteria used to define a nonprofit organization. Specify the essential building blocks of an accounting system. Identify the types of nonprofit financial statements and the comparable for-profit financial statements. Specify the instances in which revenue and gains can be recognized by a nonprofit. Cite the methods used to assign costs to a grant-funded program. State the applicable rules related to the recognition of investment assets, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $67.00
Member Price $58.00