Nonprofit Finance: A Practical Guide (Currently Unavailable)

Author: Sheila Shanker

CPE Credit:  9 hours for CPAs

This book provides a detailed overview of the major nonprofit areas for persons interested in the fiscal operations of an organization, such as financial statements, accounting, grant management, internal controls and tax issues.

Publication Date: February 2015

Topics Covered

  • Fundamentals of Accounting
  • Typical Structures of Nonprofits
  • Accounting Basics
  • Revenue Types and Issues
  • Government Grants
  • Financial Statements
  • Taxation
  • Internal Controls
  • Special Considerations

Learning Objectives

  • Recognize the different aspects of non-profit accounting
  • Identify examples of typical nonprofit models of operation, taxes and financial reporting
  • Recognize a 501(3)c tax exemption
  • Identify a determination letter
  • Recognize the chart of account of a nonprofit
  • Distinguish between cash versus accrual basis of accounting
  • Identify the accounting treatment in-kind contributions and museum pieces
  • Identify the basic formulas behind the financial statements
  • Identify the basic tax returns of nonprofits
  • Identify risks and controls for cash, receivables and revenues; accounts payables and expenses.
  • Define joint costs
  • Recognize budgeting for a nonprofit


Instructional Method

NASBA Field of Study
Accounting (9 hours)

Program Prerequisites

Advance Preparation

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