Not-for-Profit Reporting Model (Completed)
Date: Monday, October 18, 2021
Instructor: Diane Edelstein
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
There is very specific guidance on reporting for Not-for-Profits (NPOs). We will look at the required financial statements and the required footnotes disclosures unique to NPOs. We will look at the basic financial statements (statement of financial position, statement of activities and statement of cash flow) and the requirement to also report expenses functionally. We will discuss the flexibility of reporting an operating measure for NPOs and the challenges of reporting expenses.
Who Should Attend
This session is for personnel charged with drafting the financial statements and helpful for those NPO personnel that are reading the financial statements.
Topics Covered
- Required financial statements
- Required footnote disclosures unique to NPOs
- Basic financial statements (statement of financial position, statement of activities and statement of cash flow)
- The requirement to also report expenses functionally
- Flexibility of reporting an operating measure for NPOs
- Challenges of reporting expenses
Learning Objectives
- Recognize required financial statements and footnote disclosures unique to NPOs
- Identify the basic financial statements
- Identify the requirement to also report expenses functionally
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
