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Self-Study

Assets: Not-for-Profit Accounting & Financial Reporting

Valid for one year from purchase date
Self-study - On-Demand
1.5 CPE (1.5 technical)  |  1.5 Yellow Book

Course code: 26SI-0013
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If your organization is exempt from sales tax, call us at 952-831-2707 to complete your purchase.

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Although many of the assets that an NFP holds are the same as those held by a for-profit entity, there are also many differences. Those differences stem from the fact that NFPs exist for purposes other than to provide goods and services at a profit. They exist to provide a benefit to society, and as a result, they give and receive goods and services in ways that for-profit entities do not.

This course highlights the required presentation and disclosures for several asset types arising from the unique operations of NFPs, including contributions receivable, collections, historical treasures, property and equipment, and goodwill.

Major subjects

  • Contributions receivable.
  • Collections.
  • Historical treasures.
  • Property and equipment.
  • Goodwill.

Learning objectives

  • Identify the proper accounting treatment for contributions receivable.
  • Recall options for recognizing collections, works of art, and historical treasures.
  • Recognize accounting options related to property and equipment and other noncurrent assets.
  • Recognize financial statement presentation and disclosures related to assets.

Who should take this program?

  • New accountants interested in the basics of accounting and financial reporting requirements that apply to not-for-profit entities; experienced accountants that are new to the not-for-profit industry or are in need of a refresher on the basics of accountin

Pricing

Standard Member Fee $59.00
checkmark Standard Nonmember Fee $75.00

MNCPA members save $16.00. Become a member.

Our records indicate you are a nonmember. If you register, you will be charged $75.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

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

Add to cart

More program information

Area
of study
Not-for-profit
Field(s)
of study
Accounting - Technical (1.5)
Level Basic
Format Self-study - On-Demand
Sponsor AICPA
NASBA ID#: 112891
Prerequisites Prereq. None
Advance
prep
None

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