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CPE Self-Study

Revenue from Contributions: Not-for-Profit Accounting & Financial Reporting

  • $59.00-$69.00
    Revenue from Contributions: Not-for-Profit Accounting & Financial Reporting Availability : Online Access Product #: 165125
    AICPA Member: $59.00
    Non-Member: $69.00
  • Contact Sales
    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-NFP-AFR5

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 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.

Not-for-profits (NFPs) frequently receive contributions from individuals, foundations, businesses, other NFPs and government agencies. These contributions can come with donor-imposed conditions, restrictions, or both.

In this CPE course, you will learn the core principles for recognition and measurement of contributions. You will have an opportunity to work through real world scenarios. Topics covered include promises to give, donated goods and services, contributions of long-lived assets, performance guarantees, and below-market interest rate loans.

Topics Discussed

  • NFP reporting standards related to revenue recognition
  • Financial statement presentation and disclosures related to contributions

Learning Objectives

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

  • Identify some of the critical characteristics of contributions and the restrictions that may be placed upon them by an NFP’s donors.
  • Differentiate between conditional and unconditional promises to give and apply the proper revenue recognition procedures.
  • Recall the key issues relating to the recording and valuation of contributions of services, financial assets other than cash, non-financial assets, and use of non-financial assets.

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

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.

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.