A not-for-profit (NFP) organization’s statement of financial position (SFP) is a vital tool to communicate information about an organization's liquidity, financial flexibility and ongoing sustainability. NFPs have unique reporting requirements that differ from other businesses. Identifying how to properly group and classify assets and liabilities will ensure your organization is meeting GAAP requirements.
This CPE course offers you detail-rich examples and case studies that will help you account for common transactions and successfully prepare an NFP’s statement of financial position.
Included as a course resource is a sample NFP statement of financial position.