Benefit in attracting more potential donors by improving the quality and accuracy of financial reporting at your nonprofit organization.
Receive an overview of nonprofit financial statements and both external and internal nonprofit financial reporting concepts. This topic will focus on the primary users of nonprofit financial statements. Explore the fundamental accounting concepts underlying nonprofit financial statement presentation and reporting and receive the tools you need to improve the overall quality and accuracy of financial reporting at your nonprofit organization. Discuss how to effectively and efficiently review nonprofit financial statements to assess the overall financial health of a nonprofit organization and receive a better understanding of how your financial statements are evaluated by board members, granting agencies, foundations, other donors and the public.
Learning Objectives
- You will be able to identify the basic fundamentals of nonprofit financial reporting.
- You will be able to identify the concepts required for the Statement of Activities.
- You will be able to identify the concepts required for the Statement of Financial Position.
- You will be able to differentiate the characteristics of a healthy nonprofit organization.
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Financial Reporting Overview
- Users
- Internal vs. External Reporting
- 5 Financial Basics for Nonprofits
Basic Nonprofit Accounting and Reporting Concepts
- Affiliated Entities and Control
- Fund Accounting
- Net Assets
- Unrestricted
- Temporarily Restricted
- Permanently Restricted
- Contribution and Pledge Recognition
- Donated Goods and Services
- Special Event Reporting
- Functional Expense Reporting
- Program
- Management and General
- Fundraising
- Joint Costs
Nonprofit Financial Statement Analysis Fundamentals
Characteristics of Nonprofit Financial Health on the Horizon
- Top 7 Areas to Focus on
- Ratio Analysis and Benchmarking
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Credit
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last reviewed on March 2, 2023.
Call 1-866-352-9540 for further credit information.
CPE/NASBA - QAS Self Study 2.2 including Accounting 2.2
- Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 2.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Marie C. Caputo, CPA, CGMA, CGFM
CliftonLarsonAllen
- Principal in CliftonLarsonAllen’s Greenbelt, Maryland office
- CliftonLarsonAllen is a national accounting firm with more than 120 offices across the country
- Leader in the firm’s nonprofit practice, which includes more than 7,000 nonprofit clients
- More than 29 years of experience
- Conducts regular presentations and writes articles on topics relevant to the nonprofit industry
- Co-chair of the not-for-profit committee of the Maryland Association of CPAs
- FASB Resource Group member
- Member of relevant professional organizations such as the American Institute of CPAs, American Society of Association Executives and Humentum
- Recognized as a SmartCPA by the Washington SmartCEO magazine
- B.S. degree in accounting, University of Maryland, College Park
- Can be contacted at 301-902-8518 or [email protected]
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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