Not-for-Profit Financial Reporting Track

Authored by Andrew Prather, CPA, Clark Nuber and Richard Lynch, CPA, Partner, Sikich LLP
Program Description

You will learn techniques to successfully prepare an NFP's financial statements, assess relationships with other not-for-profit and for-profit organizations to determine if consolidation is required, and how to interpret and analyze a set of NFP financial statements. This CPE program contains e-learning exercises, targeted case studies, and detail-rich interpretations to create a flexible, dynamic learning experience you can complete online in your own time.

Learning Objectives
  • Identify how to prepare a complete set of financial statements, including footnote disclosures.
  • Identify how the financial statements interrelate.
  • Analyze a fact pattern to determine the effect of a particular transaction or significant event on the NFP's financial statements.
  • Assess the financial health of an NFP using ratio analysis and other methods.
  • Recognize potential red flags in an NFP's financial statements.
Topics Discussed
  • Financial statement preparation
  • Statements of financial position
  • Statements of activities
  • Statements of cash flows
  • Statements of functional expenses
  • Consolidated financial statements
  • Direct versus indirect cash flow statements
  • Analysis of financial statements
  • Presentation options available to NFPs
  • Common errors
  • Financial reporting trends and techniques
Who will it benefit?
CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field
7 Course Bundle

$ 329.00
AICPA Member Price: $ 259.00

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NASBA Field of Study
Accounting - Governmental
CPE Credits