CPE Self-Study
2018 Update Pack for Not-for-Profit Certificate II
Online: 4.0
Provides an overview of the statement of financial position, statement of activities, and financial statement note disclosures prepared by not-for-profit entities, reflecting implementation of FASB ASU 2016-14, as well as FASB ASU 2014-09 and FASB ASU 2018-08.

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

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Find out more information on the NFP Section.

CPE On-Demand
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Product details

Who Will Benefit?

  • CPA firms looking for higher-level application and strategy training for staff members
  • Nonprofit financial professionals seeking to deepen their knowledge
  • Professionals in public practice seeking to acquire and retain NFP clients by demonstrating proof of proficiency and commitment to serving the industry
  • Individuals who want to expand their skill set and build their resume, including deepening their knowledge of NFP-specific financial accounting concepts and the latest changes to GAAP

Key Topics

  • Net assets
  • Endowments
  • Contributions and donor-imposed restrictions
  • Best practices and presentation options

Learning Objectives

  • Determine how to prepare a complete set of not-for-profit financial statements in accordance with GAAP, including implementation of FASB Accounting Standards Updates likely to be effective for most NFPs’ in their next reporting periods
  • Analyze a fact pattern to determine the effect of a particular transaction or significant event on the NFP’s financial statements, including the note disclosures
  • Distinguish the reporting of net asset classification in the statement of financial position

This series of CPE courses is a part of the comprehensive Not-for-Profit Certificate II Program. This track can be purchased individually and is intended for current NFP Certificate II holders who wish to update their knowledge of the updated standards for not-for-profit financial statement presentation and revenue recognition and receive an updated certificate.

The three courses included in this track serve to enhance the applicability of the techniques you learned through completion of Certificate II, by reflecting the significant changes becoming effective for most not-for-profit entities in their next reporting period. This set provides an overview of the statement of financial position, statement of activities, and financial statement note disclosures prepared by not-for-profit entities, reflecting implementation of FASB ASU 2016-14, as well as FASB ASU 2014-09 and FASB ASU 2018-08. This track contains e-learning exercises, targeted case studies, and detail-rich interpretations to create a dynamic learning experience that will help you solidify your ability to apply key concepts.

Courses Included

Note: If you purchased NFP Certificate II after August 2016, but did not complete Certificate II prior to July 31, 2018, your available courses will be automatically updated. You will be required to complete the updated courses to earn your certificate.

As of August 1, 2018, Not-for-Profit Certificate Program content was 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). While all Certificate courses have been updated, those included in this track have been determined to have the most significant changes.

The Certificate II Update Pack was created for those who completed the program prior to July 31 and would like to retake - only those courses with significant updates for new standards. Upon successful completion of these 3 courses, you will receive a new digital badge reflecting your up-to-date knowledge in the context of the new not-for-profit financial statement presentation and revenue recognition standards.

Ratings and reviews

Andrew Prather, CPA

Andrew Prather is an audit shareholder at Clark Nuber P.S. based in the Seattle metro area. He is a leader in the firm's Not-for-Profit Services Group and provides a wide range of not-for-profit organizations with audit and consulting services. Andrew serves as a member of the FASB's Not-for-Profit Advisory Committee and chairs the planning committee for the AICPA's Not-for-Profit Industry Conference. He previously was a member of the AICPA's Not-for-Profit Expert Panel and served on the AICPA's Not-for-Profit Entities Audit & Accounting Guide Revision Task Force and participated in the 2013 overhaul of the AICPA's Not-for-Profit Entities Audit & Accounting Guide. Andrew has served as the chair of the Washington Society of CPA's (WSCPA) Not-for-Profit Committee and co-chair of the WSCPA Not-for-Profit Conference. He is a frequent speaker at conferences, seminars, and webcasts for the AICPA, state CPA societies, and industry groups. Andrew also serves as his firm's Quality Control Director overseeing the firm's audit quality assurance program and serving as a technical resource to the firm's professional staff.


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.

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CPE credits
: 4.0
NASBA Field of Study
Experience working in or with the not-for profit industry.
Yellow Book Hours
Online - 4.0
Delivery Method
QAS Self-Study
Course acronym
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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