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22SS-0135: Surgent's Preparing Not-for-Profit Financial Statements (Self-Study)

Valid for one year from purchase date
Self-study - On-Demand
8 CPE (8 technical)  |  8 Yellow Book

If the organization paying for the purchase is exempt from sales tax, call us at 952-831-2707 to complete your purchase.

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In order to prepare accurate and effective not-for-profit financial statements, professionals must have a strong, working knowledge of the reporting requirements. Now is the time to obtain that knowledge! This course explains the requirements, illustrates how the requirements manifest themselves in the financial statements, and clarifies key options that not-for-profits have in applying the requirements. The course also examines and illustrates key accounting requirements affecting not-for-profits including revenue recognition, contributions, and leases. The course materials utilize a highly illustrative and innovative format, including over 30 focused exercises to provide an enhanced working knowledge of not-for-profit accounting and reporting.

Major subjects

  • The key requirements, options, and disclosures related to each of the basic financial statements
  • The reporting of functional and natural expense information
  • The new requirements related to providing liquidity and availability of financial assets information
  • ASU No. 2018-08 and its effect on the accounting for grants and contracts as well as contributions in general
  • How the new lease requirements (FASB ASC 842, Leases) impact not-for-profits
  • Core not-for-profit accounting requirements related to contributions, promises to give, contributed services, net assets, special events, the classification of expenses, and more

Learning objective(s)

  • Obtain a working knowledge of the not-for-profit requirements contained in ASU No. 2016-14 and ASU No. 2018-08
  • Skillfully prepare a not-for-profit's financial statements through superior knowledge of accounting and reporting requirements
  • Effectively apply today's core not-for-profit accounting requirements while also preparing for changes coming in the area of leases

Who should take this program?

Not-for-profit industry professionals and auditors

Fees

Our records indicate you are a nonmember. If you register, you will be charged $199.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $199.00
checkmark Standard Nonmember Fee $199.00

More program information

Area
of study
Not-for-profit
Field(s)
of study
Accounting (Governmental) - Technical (8.0)
Level Intermediate
Format Self-study - On-Demand
Sponsor Surgent
NASBA ID#: 103212
Prerequisites Prereq. Some introductory background in not-for-profit accounting and reporting
Advance
prep
None

If the organization paying for the purchase is exempt from sales tax, call us at 952-831-2707 to complete your purchase.

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