Not-for-Profit Accounting: Reporting and Analysis (4.5 hrs)

Course Description

Non Profit Accounting: Reporting and Analysis – 4.5 hrs. CPE

Business organizations obtain resources by providing goods and services. Many not-for-profit organizations (NFPOs) obtain resources from contributors and are accountable to the providers of those resources or to their representatives. In general, GAAP requires not-for-profit organizations to issue a statement of financial position, a statement of activities, and a statement of cash flows. The focus is on the organization as a whole and on reporting assets, liabilities, and net assets; changes in net assets; flows of economic resources; cash flows, borrowing and repayment of borrowing, and other factors affecting liquidity; and service efforts. This course addresses the accounting and financial reporting for NFPOs (or NPOs) —colleges and universities, healthcare providers, voluntary health and welfare organizations (VHWOs), and other not-for-profit entities such as religious, educational, social, recreational entities. Also addressed is financial analysis and ratios that can be useful to analyze financial fitness of NFPOs.

Course Information


Price: $65
Course No. 7029
Format: Online pdf (97 pages). Printed book available.
Prerequisites: None
Advance Preparation:None
Level: Overview
CPE Credit: 4.5 hrs.
Field of Study: Accounting
Course expiration:  You have one year from date of purchase to complete the course.
Course Revision Date: January 2016

Objectives

Chapter 1 Not-For-Profit Organizations
After completing this section, you should be able to:
1. Recognize the types of and components of financial statements mandated by GAAP for not-for-profit organizations.
2. Identify the difference between restricted and unrestricted assets for a NFPO and how these organizations should report contributions and other revenue sources.

Chapter 2 Colleges and Universities
After completing this section, you should be able to:
1. Identify reporting requirements of higher education.

Chapter 3 Healthcare Providers
After completing this section, you should be able to:
1. Recognize the financial statement reporting requirements for revenue for healthcare providers.

Chapter 4 Voluntary Health and Welfare Organizations
After completing this section, you should be able to:
1. Identify the auditing of and reporting requirements on the financial statements of governmental voluntary health and welfare organizations (VHWOs).
2. Recognize the typical funds used to account for VHWO transactions.
3. Recognize the reporting on the financial statements of other not-for-profit organizations (ONFPOs).
4. Calculate depreciation financial reporting for ONFPOs.

Chapter 5 Not-for-Profit Financial Analysis and Metrics: Avoiding Bankruptcy
After completing this section, you should be able to:
1. Recognize different examples of trend analysis.

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