Not-For-Profit Accounting: Reporting and Analysis ON DEMAND

Overview

In the complex world of not-for-profit organizations, effective communication of financial performance and condition is crucial for maintaining trust and transparency with stakeholders like donors, grantors, and creditors. However, the challenge arises in navigating the comprehensive accounting and reporting framework provided by the FASB. This course offers a solution by providing a detailed overview of the FASB standards applicable to NFPOs. It delves into specific accounting practices for various nonprofits, including colleges, health organizations, and healthcare entities. Moreover, the course examines the need for accurate financial analysis and introduces essential ratios to evaluate the financial health of NFPOs. Through this course, participants will gain valuable insights and skills to ensure their NFPOs adhere to high standards of financial reporting and analysis, vital for organizational success and credibility.

Highlights

Nonprofit accounting and auditing. Colleges and universities. Voluntary health and welfare organizations. Health care entities. Financial analysis and performance measurement.

Prerequisites

None.

Designed For

CPAs.

Objectives

Identify the objectives of financial reporting by not-for-profit organizations. Identify financial statement presentation and disclosure for not-for-profit organizations. 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.