GAAP for NFPs: Not-for-Profit Accounting & Financial Reporting

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Availability

On-Demand

Cost

Member: $49.00

Non-Member: $59.00

Retired: $49.00

Educator & Government & Non-Profit Member: $49.00

Credit Offered

1 CPE Credit

Field of Study:

1 Accounting

This course discusses generally accepted accounting principles (GAAP) as they apply to not-for-profit entities (NFPs). Specifically, FASB Accounting Standards Codification® (ASC) Topic 958 contains incremental industry-specific guidance that NFPs should follow in addition to all other relevant guidance contained in other FASB ASC topics that do not conflict with FASB ASC 958. Additionally, nonauthoritative sources are addressed to the extent that they enhance understanding of the application of GAAP and provide context.

Learning Outcomes

Recognize accounting and reporting practices unique to NFPs.
Identify the NFP industry-specific guidance in the FASB ASC.
Recall the importance and use of nonauthoritative guidance.

Key Topics

Introduction to accounting topics that apply to Not-for-Profit Entities
Accounting and financial reporting issues
Authoritative and nonauthoritative guidance

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.