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CPE Self-Study

Not-for-Profit Accounting and Financial Reporting

  • $419.00-$499.00
    Not-for-Profit Accounting and Financial Reporting Availability : Online Access Product #: 165120
    AICPA Member: $419.00
    Non-Member: $499.00
  • Contact Sales
    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-NFP-AFR

Please Read: Not-for-Profit certificate product changes are currently underway in order to reflect new FASB ASU 2016-14 and the FASB standards. On July 31, 2018, the few courses impacted will be updated and replaced. If you do not expect to complete the entire certificate program by July 31, you may wish to defer completion of the few impacted courses until after August 1, 2018. Learn More.

This series of CPE courses is a part of the 40-hour Not-for-Profit Certificate I Program. This track can be purchased individually, or as a part of the full Certificate Program.

The 12 courses included in this track will provide a comprehensive foundation in GAAP reporting standards that apply to each of the major transaction cycles of a not-for-profit entity (NFP). Ideal for someone new to NFPs, or in need of a refresher, this set provides an overview of accounting for contributions, endowments, split-interest agreements, fair value measurement, programmatic investments, functional classification of expenses, classification of net assets, and financial statement presentation.

This interactive 18.5-hour CPE program contains real-world examples, case studies, animations and videos to create a flexible, dynamic learning experience.

Learning Objective

  • Apply the not-for-profit industry-specific guidance in the FASB ASC
  • Identify the proper accounting treatment for typical transactions of not-for-profit entities
  • Recognize the financial statement presentation and disclosure requirements that apply to not-for-profit entities

Courses Included

Who Will Benefit?

CPA and non-CPA staff at small to mid-sized firms who perform not-for-profit financial reporting engagements, including partners and managers at these firms who wish to enter the NFP industry and need a basic understanding of the sector.

Board members and financial or non-financial staff members at not-for-profit organizations who are new to NFPs or who wish to expand on their understanding of the fundamental financial management issues that are unique to NFPs. A basic understanding of accounting is recommended.

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 Receive Additional Savings! 

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

Karen Craig

About the Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.