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CPE Self-Study

Not-for-Profit Certificate I

Publisher: AICPA
  • $799.00-$999.00
    Not-for-Profit Certificate I Online Access Product #: 165160
    AICPA Member: $799.00
    Non-Member: $999.00
  • Contact Sales

    Purchasing multiple enrollments for your organization? Contact a representative for pricing. 800.634.6780 | Contact Us

    Product #: GT-NFP-CERT

Foundational Training for the Not-for-Profit Professional

The Not-for-Profit Certificate I offers a comprehensive, foundational overview of a non-profit's unique financial needs and is perfect for:

  • Private firms looking for base-level training for their staff or NFP clients
  • Non-profits seeking to deepen their staff's knowledge
  • Those seeking a certificate as proof of proficiency for acquiring and retaining NFP clients
  • Individuals who want to expand their skill set and build their resume

Delivered through an award-winning on-demand e-learning interface, this self-paced course was developed to appeal to all learning styles and levels using audio, video, interactive skills practice and gamification to drive home core concepts. The 40-hour CPE/31.5-hour CAE credit course uses case studies, real-world scenarios and hands-on exercises. Tracks include:

  • Introduction to Not-for-Profit Entities
  • Accounting & Financial Reporting
  • Tax Compliance
  • Governance & Assurance

This Certificate program offers both CPE and CAE credits. Your Certificate will be sent to you upon completion of the program.



Learning Objectives

After successful completion of the Certificate Program, you will be able to:

  • Recognize the GAAP reporting standards that apply to NFPs and identify basic financial statement presentation and disclosure requirements
  • Identify the basic state and federal filing requirements of an exempt organization, recognize the core components of the annual information return Form 990, and identify when an NFP may be subject to unrelated business income tax
  • Recognize best practices in NFP board governance, risk assessment and internal controls
  • Identify the steps involved in planning a successful audit engagement and identify key auditing considerations and client communications

Topics Discussed

Introduction to Not-for-Profit Entities

  • Introduction to Not-for-Profit Entities: Accounting, Tax and Compliance Essentials

Accounting & Financial Reporting

  • Not-for-Profit Accounting and Financial Reporting Track
  • GAAP for NFPs
  • Financial Statement Presentation
  • Assets
  • Investments
  • Programmatic Investments
  • Split-interest Agreements and Endowments
  • Liabilities
  • Fair Value Issues Specific to NFPs
  • Net Assets
  • Revenue from Contributions
  • Exchange and Agency Transactions
  • Expenses
  • Tax Compliance

Not-for-Profit Tax Compliance Track

  • Tax-exempt Status
  • Unrelated Business Income Tax
  • Introduction to Form 990
  • Federal and State Filing Requirements
  • Private foundations
  • Governance and Assurance

Not-for-Profit Governance and Assurance Track

  • Best Practices in Board Governance
  • Risk Assessment and Internal Controls
  • Fraud Overview and Prevention
  • Auditing Considerations
  • Planning the Audit Engagement
  • Financial Oversight, Budget and Strategy

Testimonials

I'm new to nonprofits after having spent my entire career on the for profit side. This course strikes a good balance between providing an introduction but also a decent depth of coverage. -Paul Hilger
The course is a comprehensive overview of the beginning to intermediate issues encountered in most non- profit environments. The method of delivery--short, logical modules--makes it easy to complete the program at your own pace. -Wendy Sorel
As a CPA in public practice emphasizing in serving nonprofit clients, I consider this certificate to be a differentiator in the marketplace. I have found the courses to be informative and relevant. -Michael Winward, Square & Company, PC
The NFP Certificate Program has proven to be the most relevant CPE I've had in all my years of taking Continuing Professional Education. It was pertinent to my area of work and still provided me with knowledge that I did not have. -Bryant Richardson, Annuciation Orthodox School
The content has been relevant to my work and presented in a clear and concise manner. It has helped me with my assigned duties at the non-profit where I serve as a staff accountant. -Mark Hall

Which Certificate is Right for You?

Take the Quiz

PLUS: Crash Course on the New FASB Standard!

Regulatory changes are nothing new to anyone acquainted with nonprofit financial reporting, but changes resulting from FASB 2016-14 are on a more significant level than most. To help you prepare, the Not-for-Profit Section’s dedicated webcast on the topic is being made available as a free extra to purchasers of the Not-for-Profit Certificate Programs.

You’ll learn about the approved and pending changes, receive expert implementation tips, and strategies for a smooth transition. Additionally, to aid early adopters in implementing the standard, select courses within the certificate will contain sample financial statements that have been marked up to illustrate changes resulting from the new standard. (The rebroadcasted webcast is included as bonus material and is not eligible for CPE credit.)

Discounts

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.

Group Sales Discounts

For group sales information and discounts please complete this form or call 800.634.6780 (option 1)

FAQs

Do I have to be a CPA to get the certificate?

You do not have to be a CPA to obtain the certificate. The certificate is designed to benefit CPAs and non-CPA alike, including anyone who works for, or with, a nonprofit. Those who obtain the certificate will receive the recommended CPE / CAE credits.

What level of knowledge should I possess prior to starting the NFP Certificate program?

While the program is designed to provide a foundational level of learning, individuals will benefit from having a basic understanding and awareness of financial reporting, auditing, governance and tax terminology and practices.

How is the course material presented?

Designed to be highly interactive, this program offers multiple opportunities for learning, including case study analysis and several gaming scenarios. Participants will be offered the opportunity to apply their new NFP knowledge in a simulated real-world environment. Tests are presented after each course to allow you to apply what you just learned. There are no additional tests at the end of tracks or when you’ve completed the certificate.

How long will it take me to complete?

This varies from individual to individual and is completely dependent upon the time the participant allocates to completing the coursework. A commitment of approximately 40 hours will be required for most individuals to successfully complete the program.

What period of time do I have to complete the program?

You have twenty-four (24) months from the date of purchase to complete all the courses. You are encouraged to complete the program within a twelve (12) month period or less.

Can I complete the program in any order?

Yes, there are no limitations on the order in which you take the courses.

When will I receive a hard copy of my certificate?

You will receive your certificate in the mail 6-8 weeks after completing the program.

Once I complete the program and obtain my Certificate, how long is it valid?

The NFP Certificate is not a professional credential or license, it is evidence that the program was successfully completed as of a certain year, therefore it does not expire. However, we anticipate that some individual courses may be updated every 1-3 years to reflect changes in the industry. For your certificate to remain current, you will need to successfully complete those updated courses. However, updates are likely to be at a fraction of the cost of the original certificate. Plus, you have access to the program for 24 months from purchase, if the courses are updated during that period, you will have access to the updated courses at no additional cost. Completion of these updated courses will earn a new Certificate, with the current year’s date.

Is there any cost savings in purchasing the entire certificate over buying tracks individually?

Yes, the more courses you buy, the less you pay per course. For instance, a member who buys the certificate will save approximately $150 over someone who buys the tracks individually, and approximately $400 over someone who buys all the courses individually.

If I were to purchase one course or track, and then decided to purchase the entire certificate, will I still get the full bundled price savings?

Yes, as long as you haven’t already paid more than the full certificate price. The price you paid for the courses or tracks you have already taken will be deducted from the total certificate price.

If I am unable to complete the entire NFP Certificate Program, will I receive CPE credit for the courses I do complete?

You are not required to complete the entire program to earn CPE credit. The courses are offered individually, so you will earn CPE credit for each course you take and successfully complete the exam. However, you must successfully complete the exam for all courses in the entire program in order to receive the NFP Certificate.

Am I required to obtain a certain number of CPE credits annually for the Certificate to remain current and active?

There are no specific annual requirements for maintaining your Certificate. However, we anticipate that some individual courses may be updated every 1-3 years to reflect changes in the industry. For your certificate to remain current, you will need to successfully complete those updated courses. However, updates are likely to be at a fraction of the cost of the original certificate. Plus, you have access to the program for 24 months from purchase, if the courses are updated during the access period, you will have access to the updated courses at no additional cost.

I have prior experience working with NFPs. Will I be allowed to test out of certain courses while still earning the certificate?

Actual completion of the courses is required to earn the NFP Certificate. CPE credit is being awarded for the courses, and the CPE standards do not allow for “testing out of” a course as a way to earn credit.

Group Training

If you have multiple staff members who would like to enroll, discounts are available for 3 or more people. For more information, complete the online form and select that you are interested in training for "My Organization", or call 800.634.6780, option 1 to speak with a training representative.

System Requirements

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the worlds 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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