CPE Self-Study

Case Studies in Not-for-Profit Accounting and Auditing

  • $149.00-$189.00
    Case Studies in Not-for-Profit Accounting and Auditing In Stock Product #: 745216
    AICPA Member: $149.00
    Non-Member: $189.00
  • $99.00-$129.00
    Case Studies in Not-for-Profit Accounting and Auditing Online Access Product #: 163302
    AICPA Member: $99.00
    Non-Member: $129.00
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Gain hands-on experience with case studies designed to simulate real-world scenarios and common problems in today's not-for-profit environment. This CPE course goes beyond the theory and will show you how to navigate the key issues that arise in not-for-profit accounting and auditing.

Learning Objectives

This course will prepare you to:

  • Identify the accounting differences between contribution and exchange transaction revenues
  • Recall key issues relating to the recording and valuation of contributed services
  • Identify key accounting issues related to pledges and special event costs associated with a capital campaign
  • Recognize financial statement presentation deficiencies by reviewing an incorrectly prepared statement
  • Apply important auditing concepts to a statement of functional expenses
  • Determine effective audit procedures to employ in response to identified fraud risk factors
  • Analyze critical concepts involved in auditing contributions

Key Topics

  • Financial statement requirements
  • Net asset classifications: unrestricted, temporarily restricted, and permanently restricted net assets
  • Consideration of fraud
  • Promises to give
  • Distinguishing contributions from exchange transactions
  • Auditing contributions
  • Contributed services
  • Split-interest agreements
  • Assessing internal control deficiencies
  • Capital campaigns and special events
  • Fundraising events and membership
  • Allocation of costs relating to fundraising
  • Audit issues related to the statement of functional expenses

Who Will Benefit?

  • Not-for-profit professionals responsible for accounting and reporting and auditors of not-for-profits


Not-for-Profit Section Members Save an Additional 20%!

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the NFP Section.

System Requirements

About the Authors

Bruce Chase, Ph.D., CPA

Bruce W. Chase, professor of accounting, is in his twenty-fifth year of service at Radford University. He earned both his MBA and Ph.D. from Virginia Commonwealth University. He is also the Director of the University's Governmental and Nonprofit Assistance Center (GNAC). The GNAC provides support for the Government Finance Officers Association (GFOA) national Certified Public Finance Officer (CPFO) program. Prior to joining the faculty of Radford University, Bruce spent over 15 years in governmental and nonprofit accounting. He began his career with the Auditor of Public Accounts and then with Coopers and Lybrand. He served as Treasurer of Virginia Commonwealth University and later as chief financial officer of Southern Seminary College. Bruce has written numerous articles on governmental and nonprofit accounting and is a frequent speaker on these topics. He has authored two national educational courses dealing with governmental and nonprofit accounting for the American Institute of Certified Public Accountants (AICPA). He also does extensive training on governmental accounting and reporting issues. He was awarded the Association of Government Accountants' (AGA) National Education and Training Award in 2002, outstanding service award from the VGFOA in 2000 and the VSCPA's Broadus Award in 1997.

Laura Lindal, CPA

Kirkland, Washington

Laura Lindal, CPA has more than twenty-five years of experience in auditing, concentrating on audits performed in accordance with Government Auditing Standards, including HUD audits, and single audits (also referred to as A-133 audits). In addition to spending those 25 years performing audits, she also works with companies and organizations as they develop their internal control and policies and procedures related to their financial reporting process as well as working with auditees preparing for audits. She works with auditors and their firms to design, document and perform audits in accordance with professional standards while maintaining the highest degree of efficiency possible.

Laura provides continuing professional education in various areas, including single audits, HUD audits and Yellow Book audits. Laura is a Certified Public Accountant in California, Washington, and Alaska. She currently has an audit practice in Kirkland, Washington.


Delmont, PA

Bill Wagner is a sole practitioner from the Pittsburgh, PA area. His practice includes small business, governments and nonprofit clients with services ranging from tax and write-up to consulting. He serves as a consultant to other CPA firms with government and nonprofit clients that have accounting and auditing problems.

He teaches extensively in the areas of Accounting and Auditing for small businesses, Nonprofit Organizations and Governmental Units. The accounting pronouncements include those from the Financial Accounting Standards Board and the Government Accounting Standards Board. The auditing standards include the AICPA's Auditing Standards Board pronouncements, the Government Accountability Office's Government Auditing Standards, and Federal regulations, which includes those prescribed by 2 CFR Chapter I, Chapter II, Part 200, et al. Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards; Final Rule (successor to OMB Circular A-133 "Audits of States, Local Governments, and Non-Profit Organizations").

Mr. Wagner served several years at Main Lafrentz & Co. (pre-merger with Main Hurdman and then with KPMG Peat Marwick) as a manager and has also served as treasurer of Seton Hill University, Greensburg, PA, and as Vice President of Fiscal Affairs at Salem International University, Salem, WV.

Bill is an active member of the Pennsylvania Institute of Certified Public Accountants (PICPA) and the American Institute of Certified Public Accountants (AICPA). He has taught courses nationally since 1989 and has received numerous awards for his speaking engagements.

He graduated in 1968 from Grove City College, Grove City, PA where he received a Bachelor of Arts degree with concentrations in accounting and mathematics.

About the Publisher


About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

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