CPE Self-Study

Statement of Cash Flows: Not-for-Profit Financial Reporting

  • $59.00-$69.00
    Statement of Cash Flows: Not-for-Profit Financial Reporting Availability : Online Access Product #: 165423
    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-NFP2-AFR3

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. It can be purchased individually or as a part of the Not-for-Profit Certificate II - Financial Reporting track.

A statement of cash flows is necessary to comply with GAAP, which is required of for-profit and not-for-profit (NFP) businesses alike. However, NFPs are required to comply with unique industry-specific guidance that applies only to them. For example, when an NFP receives cash with a donor-imposed restriction or holds cash for the purpose of a long-term endowment, debt-service reserve, quasi endowment, or future acquisition of property, those activities will require special reporting consideration.

This CPE course offers you detail-rich examples and case studies. Learn the nuances of NFP financial reporting and get the information you need to successfully prepare a statement of cash flows.

You will have an opportunity to download a sample NFP statement of cash flows, which is included in your course materials.

Topics Discussed

  • GAAP industry-specific guidance
  • Industry best practices
  • Direct and indirect method
  • Classification (operating, investment, and financing activities)
  • Reconciliation of change in net assets to cash balances
  • Effect of donor restrictions on cash flow reporting

Learning Objectives

  • Determine how to prepare, in accordance with GAAP, a statement of cash flows (SCF
  • Differentiate between operating, financing, and investing activities
  • Determine the effect of a particular transaction or significant event on the reporting entity's SCF
  • Differentiate between direct method and indirect method cash flow statement and identify steps for successful completion of the statements under both methods

Prerequisite: Knowledge of not-for-profit sector and experience working with not-for-profits

Advance 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

Andrew Prather, CPA

Clark Nuber PS

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.