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CPE Self-Study
Not-for-Profit Certificate II - Financial Reporting
NASBA FIELD OF STUDY
Accounting
LEVEL
Intermediate
CPE CREDITS
Online: 11.0
This series of CPE courses is part of Not-for-Profit Certificate II. Learn techniques to successfully prepare an NFP's financial statements, assess relationships with other NFP and for-profit organizations to determine if consolidation is required, and how to interpret and analyze a set of NFP financial statements.

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

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 in NFP accounting and financial reporting
  • Financial reporting trends and techniques

Learning Objectives:

  • Identify 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’ next financial reporting periods.
  • 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.

This series of video-based CPE courses is included in the Not-for-Profit Certificate II Program. 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 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 interpret and analyze a set of NFP financial statements. This self-paced 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

Note: As of August 1, 2018, Not-for-Profit Certificate Program 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 but did not complete Not-for-Profit Certificate II prior to July 31, 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 II Update Pack.

Ratings and reviews
Author(s)

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.

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:
$329.00
Member Quantity:
Nonmember Quantity:
Quantity:
Estimated total:
$329.00
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CREDIT INFO
CPE credits
Online
: 11.0
CAE credits
Online: 11.0
NASBA Field of Study
Accounting
Level
Intermediate
Prerequisites
Experience working in or with the not-for profit industry
ADVANCE PREPARATION
None
Yellow Book Hours
Online - 11.0
Delivery Method
QAS Self-Study
Course acronym
NFP2-AFR
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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