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CPE Self-Study

Not-for-Profit Certificate II

  • $699.00-$879.00
    Not-for-Profit Certificate II Availability : Online Access Product #: 165400
    AICPA Member: $699.00
    Non-Member: $879.00
  • Contact Sales
    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-NFP2-CERT

Please Read: 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.

Hands-On Application and Strategy Training for the Not-For-Profit Professional

The Not-For-Profit Certificate II Program offers intermediate training on how to apply core concepts in not-for-profit (NFP) accounting and financial reporting, governance and assurance, and tax compliance to the unique financial needs of a not-for-profit entity. This program is perfect for:

  • 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
  • Delivered through an award-winning on-demand e-learning interface, this self-paced course was developed to appeal to all learning styles and levels using audio, video, and hands-on skills practice.
    • Successfully prepare not-for-profit financial statements in accordance with GAAP, including implementation of FASB Accounting Standards Updates likely to be effective for most nonprofits’ next financial reporting periods
    • Complete a core IRS Form 990
    • Build complex budgets
    • Guide the strategic planning process

In addition to CPE credits, successful completion of this Certificate earns a digital badge. A digital badge is a graphical representation of a significant achievement with a description of the specific knowledge and skills needed to earn it. With a few clicks, you can share your digital badge online by posting it on your social media profiles, your company's website, or your online resume. You can also link it to your email signature to maximize visibility. You also will have the option to download and print a paper certificate. You do not need to be a CPA to earn this Certificate. You will have 2 years to complete it.



Learning Objectives

After completing this course, you will be able to:

  • Prepare a complete set of NFP financial statements, the core IRS Form 990 and supplemental materials, a budget, and a strategic plan
  • Analyze financial statements to assess the financial health of an NFP
  • Evaluate facts and circumstances to determine whether a tax-exempt organization has reporting requirements or a tax liability for unrelated business income tax (UBIT)
  • Apply techniques to effectively steward an NFP's resources to achieve mission success, including performance measurement, risk assessment and response strategies, benchmarking, cash flow management, and forecasting
  • Identify a process to assess, design, implement, and monitor internal controls

Courses included in this program:

Description SKU
Form 990 Preparation: Schedules 165411 Not-for-Profit Certificate II -
Tax Compliance
Form 990 Preparation: Core Form 165412
Unrelated Business Income Taxes (UBIT) 165413
Maintaining Tax Exemption 165414
Statement of Financial Position 165421 Not-for-Profit Certificate II -
Financial Reporting
Statement of Activities 165422
Statement of Cash Flows 165423
Statement of Functional Expenses 165424
Financial Statement Note Disclosures for NFPs 165425
Interpreting and Analyzing an NFP's Financial Statements 165426
Preparing Consolidated Financial Statements 165427
Aligning Mission and Strategy 165431 Not-for-Profit Certificate II -
Governance and Assurance
Budget Considerations for Not-for-Profits 165432
Ethical Issues in Not-for-Profits 165433
Performance Measurement for Not-for-Profits 165434
Applying the COSO ERM Framework 165435
Risk Assessment for NFP 165436

Which Certificate is Right for You?

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Discounts

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.

Group Sales Discounts

For group sales information and discounts please complete this form or call 800.634.6780 (option 1).

FAQs

Do I have to be a CPA to get the certificate?
You do not have to be a CPA to obtain the certificate. The certificate is designed to benefit CPAs and non-CPA alike, including anyone who works for, or with, a nonprofit. Those who obtain the certificate will receive the recommended CPE / CAE credits.

Are there any prerequisites I need to take prior to starting the NFP Certificate program?
There are no required prerequisites, but a foundational knowledge of NFP accounting, such as can be obtained from taking the first in the Not-for-Profit Certificate series, is recommended. Those with prior experience with NFP financial reporting can take the second certificate without having completed the first.

How is the course material presented?
Designed to be highly interactive, this program offers multiple opportunities for learning, including case study analysis and several gaming scenarios. Participants will be offered the opportunity to apply their new NFP knowledge in a simulated real-world environment. Tests are presented after each course to allow you to apply what you just learned. There are no additional tests at the end of tracks or when you’ve completed the certificate.

How long will it take me to complete?
This varies from individual to individual and is completely dependent upon the time the participant allocates to completing the coursework. A commitment of approximately 28 hours will be required for most individuals to successfully complete the program.

What period of time do I have to complete the program?
You have twenty-four (24) months from the date of purchase to complete all the courses. You are encouraged to complete the program within a twelve (12) month period or less.

Can I complete the program in any order?
There are no limitations on the order in which you can take the courses.

When will I receive a hard copy of my certificate?
You will receive your certificate in the mail 6-8 weeks after completing the program.

Once I complete the program and obtain my Certificate, how long is it valid?
The NFP Certificate is not a professional credential or license, it is evidence that the program was successfully completed as of a certain year, therefore it does not expire. However, we anticipate that some individual courses may be updated every 1-3 years to reflect changes in the industry. For your certificate to remain current, you will need to successfully complete those updated courses. However, updates are likely to be at a fraction of the cost of the original certificate. Plus, you have access to the program for 24 months from purchase, if the courses are updated during that period, you will have access to the updated courses at no additional cost. Completion of these updated courses will earn a new Certificate, with the current year’s date.

Is there any cost savings in purchasing the entire certificate over buying tracks individually?
Individual courses are priced higher than the bundles, so buying the governance track is less expensive than buying the individual courses separately, and buying the certificate is less expensive than buying each of the 3 tracks separately.

If I were to purchase one course or track, and then decided to purchase the entire certificate, will I still get the full bundled price savings?
Yes, as long as you haven’t already paid more than the full certificate price. The price you paid for the courses or tracks you have already taken will be deducted from the total certificate price.

If I am unable to complete the entire NFP Certificate Program, will I receive CPE credit for the courses I do complete?
You are not required to complete the entire program to earn CPE credit. The courses are offered individually, so you will earn CPE credit for each course you take and successfully complete the exam. However, you must successfully complete the exam for all courses in the entire program in order to receive the NFP Certificate.

Am I required to obtain a certain number of CPE credits annually for the Certificate to remain current and active?
There are no specific annual requirements for maintaining your Certificate. However, we anticipate that some individual courses may be updated every 1-3 years to reflect changes in the industry. For your certificate to remain current, you will need to successfully complete those updated courses. However, updates are likely to be at a fraction of the cost of the original certificate. Plus, you have access to the program for 24 months from purchase, if the courses are updated during the access period, you will have access to the updated courses at no additional cost.

I have prior experience working with NFPs. Will I be allowed to test out of certain courses while still earning the certificate?
Actual completion of the courses is required to earn the NFP Certificate. CPE credit is being awarded for the courses, and the CPE standards do not allow for “testing out of” a course as a way to earn credit.

GROUP TRAINING—If you have multiple staff members who would like to enroll, discounts are available for 3 or more people. For more information, complete the online form and select that you are interested in training for "My Organization", or call 800.634.6780, option 1 to speak with a training representative.

System Requirements

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.