Authored by Karen Craig
About this Course

Accurate reporting of liabilities is essential to presenting a clear picture of a not-for-profit entity's (NFP's) financial health. Creditors, constituents and other users of an NFP's financial statements rely on the information regarding an organization's liabilities to assess its short-term and long-term sustainability. In addition, an NFP's role in providing societal benefits and its tax-exempt status raises unique issues for NFPs that issue debt instruments, such as bonds, to raise funds for operations or to construct program facilities.



In this course, you will learn about the accounting and reporting standards related to the most significant liabilities for many NFPs, including debt instruments such as notes and bonds, pension and other postretirement plan obligations, and other liabilities common to NFPs. In addition, this course discusses financial statement presentation and required note disclosures related to debt. You will work through several scenarios and examples.

Who will it benefit?
CPAs, financial professionals and NFP board members involved in financial reporting for NFPs or reviewing NFP financial statements.
$ 69.00
AICPA Member Price: $ 59.00
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NASBA Field of Study
CPE Credits
Delivery Method
QAS Self-Study
Advance Preparation
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