Course Information

Course No:  142019

Course Name:  Not-for-Profit Accounting: Reporting and Analysis

Field of Study:    Accounting

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: After completing this section, you should be able to:

  • Recognize the types of and components of financial statements mandated by GAAP for not-for-profit organizations.
  • 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.
  • Identify reporting requirements of higher education.
  • Recognize the financial statement reporting requirements for revenue for healthcare providers.
  • Identify the auditing of and reporting requirements on the financial statements of governmental voluntary health and welfare organizations (VHWOs).
  • Recognize the typical funds used to account for VHWO transactions.
  • Recognize the reporting on the financial statements of other not-for-profit organizations (ONFPOs).
  • Calculate depreciation financial reporting for ONFPOs.
  • Recognize different examples of trend analysis.

Course Material: Online Material

Program level: Basic to Intermediate

Prerequisites: None

Advance preparation: None

Type of delivery method: QAS Self-study

Recommended CPE credits:   5.0

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