Not-for-Profit Section Members Save an Additional 20%
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Find out more information on the NFP Section.
CPE On-Demand
AICPA’s online CPE courses will operate in a variety of configurations, but only the configuration described below is supported by our technicians.
A stable and continuous internet connection is required
In order to record your completion of the online learning courses, please ensure you are connected to the internet at all times while taking the course. It is your responsibility to validate that CPE certificate(s) are available within your My Account after successfully completing the course and/or exam. Please contact us at 1.888.777.7077 or service@aicpa.org with any questions or concerns related to your CPE certificate(s).
Supported Operating Systems:
- Macintosh OS X 10.10 to present
- Windows 7 to present
Supported Browsers:
- Apple Safari
- Google Chrome
- Microsoft Internet Explorer
- Mozilla Firefox
Required Browser Plug-ins:
Note: Your course will be accessible immediately after completing your purchase. Access instructions will be shown on the Order Confirmation Screen and included in your Order Confirmation Email, or click My Account at the top of the page, select My Purchases and then My Online Learning tab.
Technical Support: Please contact service@aicpa.org or use the Contact Us Form.
Who Will Benefit?
- CPAs, financial professionals and NFP board members who need a basic overview of the IRS Form 990.
Topics Discussed
- Purpose of the Form 990
- Form 990 series of returns
- Basic filing requirements
- Structure of the Form 990 and related schedules
- Reconciling Form 990 to financial statements
- Common errors
- Recordkeeping
Learning Objectives
- Recall the purpose of the Form 990.
- Differentiate between the various forms included in the Form 990 series of returns (Form 990, 990-EZ, and 990-N) and identify which form the entity must file.
- Identify the structure and core components of the Form 990 and related schedules.
- Recognize some of the most common adjustments needed to reconcile the Form 990 to financial statements prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP).
- Define basic terminology that is necessary to understand the reporting requirements of the Form 990.
This CPE course is included in the comprehensive Not-for-Profit Certificate I Program. It can also be purchased individually or as a part of the Not-for-Profit Tax Compliance track.
Most tax-exempt, not-for-profits (NFPs) are required to file an annual information return Form 990, which is filed with the IRS and available to the public. Accurate and complete reporting of the Form 990 is critical, not only to maintain an NFP's tax-exempt status, but also to uphold the organization's reputation and its ability to raise funds from donors, members or other supporters. Some of the most heavily scrutinized sections of the Form 990 include the questions regarding an NFP's governance practices, such as the composition of the entity's board of directors, its executive compensation practices, and disclosure of organizational policies.
In this CPE course, you will learn the fundamentals of the Form 990 series of returns, including the basic financial and non-financial information necessary for preparing a complete and accurate return. Topics in this course include the structure of the core Form 990 and related schedules, adjustments to reconcile the Form 990 to an entity's financial statements, and common errors that should be avoided.
American Institute of CPAs
