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Nonprofit Accounting: What You Need to Know

Elevate your understanding of nonprofit financial reporting concepts so that you can better assess the overall financial health of a nonprofit organization.

Many stakeholders and leaders within nonprofit organizations need to understand the financial reporting but struggle with the complexities and differences when compared to for-profit organizations. This topic will elevate your understanding of nonprofit financial reporting concepts so that you can assess the overall financial health of a nonprofit organization and have a better understanding of how your financial statements are evaluated by board members, granting agencies, foundations, other donors and the public. This information will help you to review financial reporting with an elevated understanding; to discuss basic nonprofit accounting and reporting concepts; and to perform and apply nonprofit financial statement analysis.

Learning Objectives

  • You will be able to recognize how Generally Accepted Accounting Principles (GAAP) affect financial reporting.
  • You will be able to differentiate between various financial statements.
  • You will be able to differentiate between expenses and how they impact the financial statements.
  • You will be able to identify financial ratios to help determine the financial health of an organization

Runtime: 89 minutes
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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

Users

Internal vs. External Reporting

5 Financial Reporting Basics for Nonprofits

Nonprofit Accounting and Reporting Concepts

  • Basis of Accounting (Cash, Modified Cash, Accrual, Tax Basis)
  • Affiliated Entities and Control
  • Net Assets
    • With Donor Restrictions
    • Without Donor Restrictions
  • Contributions and Grants
  • Special Event Reporting
  • Functional Expense Reporting
    • Program
    • Management and General
    • Fundraising
    • Joint Costs

Nonprofit Financial Statement Analysis Fundamentals

  • Characteristics of Nonprofit Financial Health

Top Areas to Focus on

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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.
     
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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]
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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
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  • MP3 Downloads
  • Course Manuals
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  • 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.

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Product ID: 407554
Published 2020
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