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CPE Self-Study
Not-for-Profit Accounting and Financial Reporting
NASBA FIELD OF STUDY
Accounting
LEVEL
Basic
CPE CREDITS
Online: 19.0
Part of the Not-for-Profit I Certificate Program, this series of CPE courses provides a comprehensive grounding on the key not-for-profit issues in accounting and financial reporting and includes real-world examples, case studies, animations and videos to create a flexible, dynamic learning experience.

Not-for-Profit Section Members Save an Additional 20%

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.

CPE On-Demand
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Product details

Who Will Benefit?

  • CPA and non-CPA staff at small to mid-sized firms who perform not-for-profit financial reporting engagements, including partners and managers at these firms who wish to enter the NFP industry and need a basic understanding of the sector.
  • Board members and financial or non-financial staff members at not-for-profit organizations who are new to NFPs or who wish to expand on their understanding of the fundamental financial management issues that are unique to NFPs. A basic understanding of accounting is recommended.
  • CPAs and non-CPAs at firms or NFPs who wish to make sure their knowledge of NFP-specific financial accounting concepts is up-to-date with the latest changes to GAAP, including those related to financial statement presentation and revenue recognition.

Learning Objectives

  • Apply FASB ASC not-for-profit industry-specific guidance
  • Identify the proper accounting treatment for typical transactions of not-for-profit entities, including the significant changes related to revenue recognition
  • Recognize the financial statement presentation and disclosure requirements that apply to not-for-profit entities, including those added or amended under FASB ASU 2016-14

This series of CPE courses is a part of the comprehensive Not-for-Profit Certificate I Program. This track can be purchased individually, or as a part of the full Certificate Program.

The 12 courses included in this track aim to provide a comprehensive foundation in financial accounting and reporting standards that apply to each of the major transaction cycles of a not-for-profit entity (NFP). Ideal for someone new to NFPs, or in need of a refresher, this set provides an overview of accounting for contributions, endowments, split-interest agreements, fair value measurement, programmatic investments, functional classification of expenses, net asset classification, and financial statement presentation—including the latest updates to GAAP that are or soon will be effective for most NFPs. This interactive CPE-hour program contains real-world examples, case studies, animations and videos to create a flexible, dynamic learning experience.

Note: As of August 1, 2018, course content has been updated to reflect implementation of FASB Accounting Standards Updates (ASUs) effective for most not-for-profit entities for their next financial reporting period, including those related to financial statement presentation (ASU 2016-14) and revenue recognition (ASU 2014-09 and ASU 2018-08). If you started Not-for-Profit Certificate I prior to July 31, but did not complete it, click here to find out how this and related course updates affect you. If you completed the program prior to July 31 and would like to retake only those courses with significant updates for new standards, click here to learn about the Certificate I Update Pack.

Courses Included

Ratings and reviews
Author(s)

Karen Craig

Karen Craig, CPA, is a consultant providing technical accounting, reporting, finance, and analytical expertise to not-for-profits with a focus on higher education. She holds a degree in journalism and an MBA from California Polytechnic State University and is a licensed CPA in California. From 2002 to 2009, Karen was an Associate Controller at Stanford University where she was responsible for the overall operations of the university's investment accounting, financial reporting, capital accounting, payroll and disbursements departments. Prior to her work at Stanford, she was Controller for a software startup company and a Senior Audit Manager with PricewaterhouseCoopers. Karen hold memberships in the AICPA, in which she is an ex-officio member of the AICPA Not-for-Profit Industry Expert Panel, and the National Association of College and University Business Officers (NACUBO) in which she is a technical advisor to its Accounting Principles Council.

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.

NFP Certificates
Price:
$499.00
Member Quantity:
Nonmember Quantity:
Quantity:
Estimated total:
$499.00
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CREDIT INFO
CPE credits
Online
: 19.0
CAE credits
Online: 19.0
NASBA Field of Study
Accounting
Level
Basic
Prerequisites
Knowledge of the not-for-profit industry
ADVANCE PREPARATION
None
Yellow Book Hours
Online - 19
Delivery Method
QAS Self-Study
Course acronym
NFP-AFR
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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