This course provides a high-level overview of the most important issues facing nonprofit entities and their auditors. The focus of this course is on explaining the theory behind major issues and trends, enabling professionals to understand the most important aspects of relevant professional and regulatory standards related to reliable financial reporting for nonprofit entities.
Learning Objectives
Upon completion of this course, participants will be able to:
Identify the reasons for unique accounting and financial reporting considerations for nonprofit entities; and
List the key provisions of ASC 958 related to financial statement considerations for nonprofit entities; and
Describe special considerations for nonprofits, such as revenue recognition for nonexchange transactions, gifts in kind, and more.
