Not-for-Profit Accounting: Reporting and Analysis

Course Description

Business organizations obtain resources by providing goods and services. Many not-for-profit organizations (NFPOs) obtain resources from contributors and are accountable to the providers of those resources or to their representatives. In general, GAAP requires NFPOs to issue a statement of financial position, a statement of activities, and a statement of cash flows. The focus is on the organization as a whole and on reporting assets, liabilities, and net assets; changes in net assets; flows of economic resources; cash flows, borrowing and repayment of borrowing, and other factors affecting liquidity; and service efforts. This course addresses the accounting and financial reporting for NFPOs (or NPOs) colleges and universities, healthcare providers, voluntary health and welfare organizations (VHWOs), and other not-for-profit entities such as religious, educational, social, and recreational entities. Also addressed is financial analysis and ratios that can be useful to analyze the financial fitness of NFPOs.

Learning objectives

• a:2:{i:0;s:112:"Recognize the types of and components of financial statements mandated by GAAP for not-for-profit organizations.";i:1;s:203:"Identify the difference between net assets with donor restrictions and net assets without donor restrictions for an NFPO and how these organizations should report contributions and other revenue sources.";}
• a:1:{i:0;s:52:"Identify reporting requirements of higher education.";}
• a:1:{i:0;s:94:"Recognize the financial statement reporting requirements for revenue for healthcare providers.";}
• a:4:{i:0;s:147:"Identify the auditing of and reporting requirements on the financial statements of governmental voluntary health and welfare organizations (VHWOs).";i:1;s:66:"Recognize the typical funds used to account for VHWO transactions.";i:2;s:99:"Recognize the reporting on the financial statements of other not-for-profit organizations (ONFPOs).";i:3;s:54:"Identify methods of depreciation reporting for ONFPOs.";}
• a:5:{i:0;s:147:"Identify the auditing of and reporting requirements on the financial statements of governmental voluntary health and welfare organizations (VHWOs).";i:1;s:66:"Recognize the typical funds used to account for VHWO transactions.";i:2;s:99:"Recognize the reporting on the financial statements of other not-for-profit organizations (ONFPOs).";i:3;s:54:"Calculate depreciation financial reporting for ONFPOs.";i:4;s:47:"Recognize different examples of trend analysis.";}

Final examination expiration date:

The program participant will have one year from the date of purchase to complete the course and final examination.