Liabilities: Not-for-Profit Accounting & Financial Reporting

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Availability

On-Demand

Cost

Member: $69.00

Non-Member: $85.00

Retired: $69.00

Educator & Government & Non-Profit Member: $69.00

Credit Offered

2 CPE Credits

Field of Study:

2 Accounting

Donors, creditors, constituents, and other users of an NFP's financial statements use the information about the organization's liabilities to analyze an NFP's liquidity and sustainability. Many obligations of NFPs are similar to those of for-profit entities. However, because of NFPs' role in providing societal benefits and their tax-exempt status, there are some unique aspects to the liabilities of NFPs. Therefore, accurate reporting of liabilities is essential to the overall picture of an NFP's financial health. This course provides an overview of the unique aspects of NFP liabilities, both short and long-term.

Learning Outcomes

Identify liabilities common to NFPs.
Recall the accounting for an NFP's debt.
Recognize the financial statement presentation and disclosures required for an NFP's liabilities.

Key Topics

Common liabilities
Accounting for an NFP's debt
Financial statement presentation and disclosures required for an NFP's liabilities.

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.