This comprehensive CPE course on not-for-profit accounting is a must-have for accounting professionals seeking to stay current on the latest changes in GAAP. It offers a thorough exploration of all aspects of not-for-profit accounting, from discerning the nature of contributions to mastering financial statement presentations and disclosures. Participants will learn to apply the relevant standards to distinguish contributions from exchanges, handle conditional contributions adeptly, and make informed decisions about contribution classification and special provisions. Additionally, this accounting CPE class features a unique blend of expert knowledge and humor from Jeff Sailor, including his engaging video parodies, which make complex accounting concepts more accessible and memorable, enhancing both learning experience and retention of key principles.
Learning Objectives
Upon successful completion of this course, the participant should be able to:
Describe the recent changes to NFP accounting
Apply thestandards to distinguish a contribution from an exchange
Describe a conditional contribution
Apply the standards for accounting for a conditional contribution
Apply the standards to classify a contribution as restricted or unrestricted
Apply thespecial provisions with regard to contributed services
Apply the provisions for collections
Apply the provisions for presentation of financial statements and disclosures
Describe issues forspecial issues
Major Topics
Contributions Received
Financial Statements
Disclosures
Contribution Versus Exchange
Conditional Contributions
Contribution Classification
Services Received from Personnel of an Affiliate
Contributed Nonfinancial Assets
