Show navigation

Available in:

OnDemand Course

NFP Reporting Standard First Year of Implementation

Elevate your understanding of changes required by the NFP reporting standard to propel into year two.

The basics of financial reporting are changing for nonprofit organizations. This information will elevate your understanding of the changes to net assets, investment returns, and expense reporting as well as to equip you for pitfalls to avoid as you implement the standard and go into year two.

Learning Objectives

  • You will be able to identify changes required by the Not For Profit (NFP) reporting standard.
  • You will be able to differentiate between changes with Net Assets.
  • You will be able to differentiate reporting requirements for Functional Expenses.
  • You will be able to recognize reporting for Liquidity and availability of resources.

Runtime: 88 minutes
Purchase Options

More Program Information

Why Lorman?

Over 33 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

Effective Dates

What Changed?

  • Net Assets
    • Classifications
    • Underwater Endowments
    • Disclosures of Board Designations
    • Expirations of Capital Restrictions
  • Investment Returns
    • Netting Investment Income and Expenses and Elimination of Disclosure on Netted Expenses
  • Expenses
    • Expenses by Nature/Analysis of Functional Expenses
    • Enhanced Disclosures of Cost Allocations

Pitfalls

Purchase Options

More Program Information

Why Lorman?

Over 33 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 revised on February 14, 2020.

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: https://www.nasbaregistry.org/cpas/complaints. 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: basic knowledge of nonprofit governance issues. 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.
     
Purchase Options

More Program Information

Why Lorman?

Over 33 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

Marie C. Caputo, CPA, CGMA, CGFM

CliftonLarsonAllen

  • Principal in CliftonLarsonAllen’s Greenbelt, Maryland office
  • CliftonLarsonAllen is a national accounting firm with more than 100 offices across the country
  • Principal in the firm’s nonprofit practice, which includes more than 8,000 nonprofit clients
  • More than 27 years of experience
  • Conducts regular presentations and writes articles on topics relevant to the nonprofit industry
  • FASB Resource Group member
  • Board Member of the Greater Washington Society of CPAs
  • Co-chair of the not-for-profit committee of the Maryland Association of CPAs
  • B.S. degree in accounting, University of Maryland, College Park
  • Can be contacted at 301-902-8518 or [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 33 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 407555
Published 2020
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!