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CPE Self-Study

Not-for-Profit Certificate II - Financial Reporting

  • $259.00-$329.00
    Not-for-Profit Certificate II - Financial Reporting Availability : Online Access Product #: 165420
    AICPA Member: $259.00
    Non-Member: $329.00
  • Contact Sales
    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-NFP2-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 video-based CPE course is included in Not-for-Profit Certificate II. This track can be purchased individually or as a part of the full Certificate Program.

Learn from the experts with this video-based, on-demand learning experience. Set yourself apart and get the tools and strategies you need to sharpen your skills in not-for-profit (NFP) financial reporting. The program builds on the core concepts as you get insights from industry leaders.

You will learn techniques to successfully prepare an NFP’s financial statements, assess relationships with other not-for-profit and for-profit organizations to determine if consolidation is required, and how to interpret and analyze a set of NFP financial statements.

This CPE program contains e-learning exercises, targeted case studies, and detail-rich interpretations to create a flexible, dynamic learning experience you can complete online in your own time.

Courses Included

Topics Discussed:

  • Financial statement preparation
  • Statements of financial position
  • Statements of activities
  • Statements of cash flows
  • Statements of functional expenses
  • Consolidated financial statements
  • Direct versus indirect cash flow statements
  • Analysis of financial statements
  • Presentation options available to NFPs
  • Common errors
  • Financial reporting trends and techniques

Learning Objectives:

  • Identify how to prepare a complete set of financial statements, including footnote disclosures. 
  • Identify how the financial statements interrelate.
  • Analyze a fact pattern to determine the effect of a particular transaction or significant event on the NFP’s financial statements.
  • Assess the financial health of an NFP using ratio analysis and other methods.
  • Recognize potential red flags in an NFP’s financial statements.

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

Andrew Prather, CPA

Richard Lynch, CPA Partner Sikich LLP

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.