Exchange and Agency Transactions: Not-for-Profit Accounting & Financial Reporting

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Availability

On-Demand

Cost

Member: $59.00

Non-Member: $75.00

Retired: $59.00

Educator & Government & Non-Profit Member: $59.00

Credit Offered

1.5 CPE Credits

Field of Study:

1.5 Accounting

This course covers the recognition, measurement, and presentation of revenues from exchange transactions involving not-for-profit entities (NFPs). Sometimes a transaction can be part contribution and part exchange. The course addresses these transactions that may be challenging to classify. It also discusses agency arrangements where the NFP acts as an intermediary. Regardless of whether the NFP derives a substantial or minor portion of its total revenues from exchange transactions, accurately accounting for them is vital for reflecting the NFP's financial story.

Learning Outcomes

Differentiate between exchange transactions and contributions.
Recognize challenging types of transactions.
Recall key concepts regarding revenue recognition for exchange transactions.
Recall key concepts relating to agency transactions.

Key Topics

Recognition, measurement, and presentation of revenues from exchange transactions involving not-for-profit entities
Challenges
Agency arrangements

Who Will Benefit

New accountants interested in the basics of accounting and financial reporting requirements that apply to not-for-profit entities.
Experienced accountants that are new to the not-for-profit industry or are in need of a refresher on the basics of accounting and financial reporting requirements that apply to not-for-profit entities.