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CPE Self-Study
Financial Reporting for Not-for-Profit Entities
NASBA FIELD OF STUDY
Accounting
LEVEL
Intermediate
CPE CREDITS
Online: 4.5
Covers the requirements under FASB's new financial statement standard and provides insight into what makes not-for-profit financial reporting different.

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Find out more information on the Not-For-Profit Section.

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Product details

Avoid the potholes of confusion.

Who Will Benefit?

  • Professionals working with or in a not-for-profit entity

Key Topics

  • Core elements of financial reporting
  • Exchange transactions and contributions
  • Reporting and measuring results
  • Impact of FASB's new not-for-profit financial statement standard

Learning Objectives

  • Identify the impact of the FASB's Not-for-Profit Financial Statement Standard.
  • Identify the unique aspects of the not-for-profit environment.
  • Recall ways to perform more effective audits of not-for-profit organizations with better knowledge of not-for-profit accounting and reporting requirements.

Do you know what makes not-for-profit accounting and financial reporting different?

This self-study course will cover the requirements under FASB's new financial statement standard and provide insight into what makes not-for-profit financial reporting different while training you to clear key hurdles in not-for-profit accounting and reporting in an efficient and effective manner. Key updates include:

  • Revenue recognition
  • Financial statement standard
  • Grants and contracts

Avoid the potholes of confusion and provide a financial picture that end users can truly understand.

Table of contents
Ratings and reviews
Author(s)

Bruce Chase, Ph.D., CPA

Bruce W. Chase, professor of accounting, is in his twenty-fifth year of service at Radford University. He earned both his MBA and Ph.D. from Virginia Commonwealth University. He is also the Director of the University's Governmental and Nonprofit Assistance Center (GNAC). The GNAC provides support for the Government Finance Officers Association (GFOA) national Certified Public Finance Officer (CPFO) program. Prior to joining the faculty of Radford University, Bruce spent over 15 years in governmental and nonprofit accounting. He began his career with the Auditor of Public Accounts and then with Coopers and Lybrand. He served as Treasurer of Virginia Commonwealth University and later as chief financial officer of Southern Seminary College. Bruce has written numerous articles on governmental and nonprofit accounting and is a frequent speaker on these topics. He has authored two national educational courses dealing with governmental and nonprofit accounting for the American Institute of Certified Public Accountants (AICPA). He also does extensive training on governmental accounting and reporting issues. He was awarded the Association of Government Accountants' (AGA) National Education and Training Award in 2002, outstanding service award from the VGFOA in 2000 and the VSCPA's Broadus Award in 1997.

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.

Price:
$109.00
Member Quantity:
Nonmember Quantity:
Quantity:
Estimated total:
$109.00
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CREDIT INFO
CPE credits
Online
: 4.5
NASBA Field of Study
Accounting
Level
Intermediate
Prerequisites
None
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
CL4NFPF
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