CPE Self-Study

Assets: Not-for-Profit Accounting & Financial Reporting

  • $49.00-$59.00
    Assets: Not-for-Profit Accounting & Financial Reporting Availability : Online Access Product #: 165126
    AICPA Member: $49.00
    Non-Member: $59.00
  • Contact Sales
    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-NFP-AFR6

This CPE course is included in the 40-hour Not-for-Profit Certificate 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) are mission-driven organizations that use various kinds of assets to provide goods and services to their beneficiaries. In this CPE course, you will learn about some of the assets unique to NFPs and the accounting and reporting requirements related to them.

Topics Discussed

  • NFP reporting standards
  • Contributions receivable
  • Collections, works of art and historical treasures
  • Property and equipment and the related capitalization of interest
  • Joint ventures
  • Goodwill
  • Goodwill impairment

Learning Objectives

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

  • Identify the proper accounting treatment for assets unique to NFPs
  • Differentiate between the options for recognizing collections, works of art, and historical treasures
  • Recall when interest should be capitalized on long-lived 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.

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.