CPE Self-Study

GAAP for NFPs: Not-for-Profit Accounting & Financial Reporting

  • $29.00-$39.00
    GAAP for NFPs: Not-for-Profit Accounting & Financial Reporting Availability : Online Access Product #: 165121
    AICPA Member: $29.00
    Non-Member: $39.00
  • Contact Sales
    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-NFP-AFR1

This CPE course is included in the 40-hour  Not-for-Profit Certificate I Program. It can also be purchased individually or as a part of the Not-for-Profit Accounting and Financial Reporting track.

In this CPE course, you will learn about the major accounting and financial reporting requirements and transactions that are unique to not-for-profit entities (NFPs) and require special consideration under GAAP. In addition, you will work through several scenarios to understand when and how to apply the guidance in the FASB Accounting Standards Codification (ASC) to NFPs.

Topics Discussed:

  • Major differences between for-profit and NFP reporting practices
  • Non-authoritative guidance relevant to NFPs
  • Terminology unique to NFPs

Learning Objectives:

When you complete this course, you will be able to:

  • Apply the guidance in the FASB ASC to NFPs
  • Identify the NFP industry-specific guidance in the FASB ASC
  • Recall the importance and use of non-authoritative guidance

Who Will Benefit?

  • CPAs who are new to NFPs, entry-level staff in public accounting firms, seasoned professionals with limited exposure to NFPs, and NFP board members

Prerequisite: None

Advanced Preparation: None

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.