Preparing Not-for-Profit Financial Statements

Overview

Accurate and effective financial reporting is essential for every not-for-profit organization, and it requires a solid understanding of today’s reporting requirements. This course equips professionals with the knowledge and tools to confidently navigate not-for-profit accounting standards. You’ll learn how requirements are applied in financial statements, explore available reporting options, and gain clarity on key areas such as net assets, contributions, and functional expense reporting. Through a highly illustrative format and over 30 targeted exercises, this course provides a practical, hands-on approach to building expertise in not-for-profit accounting and reporting.

Objectives

• Develop a solid working knowledge of the not-for-profit financial reporting requirements
• Skillfully prepare a not-for-profit's financial statements with superior knowledge of accounting and reporting requirements
• Masterfully apply today's core not-for-profit accounting requirements

Highlights

• Key requirements, options, and disclosures related to each of the basic financial statements
• The reporting of functional and natural expense information
• Core not-for-profit accounting requirements related to conditional and unconditional contributions, promises to give, contributed services, net assets, special events, the classification of expenses, and more

Designed For

Not-for-profit industry professionals and auditors

Prerequisites

Some introductory background in not-for-profit accounting and reporting

Preparation

None

Notice

To access this program, log into your CTCPA account at https://www.ctcpas.org/my-cpe/upcoming and click on the orange "Launch Event" button.