Not-for-Profit Certificate I - Accounting & Financial Reporting

Not-for-Profit Certificate I - Accounting and Financial Reporting is available as an individual track or as a part of the full Not-for-Profit Certificate I program.

Essential NFP financial accounting and reporting skills

You'll gain a comprehensive foundation in financial accounting and reporting standards that apply to each of the major transaction cycles of a not-for-profit entity (NFP). This track delivers an overview of accounting for contributions, endowments, split-interest agreements, fair value measurement, functional classification of expenses, net asset classification, and financial statement presentation.

Innovative learning opportunities

This interactive CPE program contains real-world examples, case studies, animations, and videos to create a flexible, dynamic learning experience. You’ll gain a rich understanding of financial reporting requirements from these realistic scenarios. Additionally, the program's flexible learning approach allows you to complete learning anytime, anywhere with this convenient format.

Spotlight your accomplishment online

You can earn a digital badge by successfully completing the comprehensive Not-for-Profit Certificate I program or all four of the Not-for-Profit certificate tracks:

• Not-for-Profit Certificate I - Introduction to Not-for-Profit Entities provides an overview of the unique aspects of accounting, financial reporting, governance, and tax compliance issues that apply to NFPs.

• Not-for-Profit Certificate I - Accounting & Financial Reporting Track provides an overview of accounting for contributions, endowments, split-interest agreements, fair value measurement, net asset classification, and financial statement presentation.

• Not-for-Profit Certificate I - Tax Compliance Track provides an overview of tax and compliance requirements that apply to tax-exempt, not-for-profit entities and covers topics such as activities that can jeopardize tax-exempt status, unrelated business income taxes, IRS Form 990, private foundations, and much more.

• Not-for-Profit Certificate I - Governance and Assurance Track provides a foundation in board governance, auditing, and financial oversight of NFPs with a focus on governance practices, risk management, internal control, and audit planning and preparation.

You can showcase the digital badge anywhere on the web — including LinkedIn, your company's website or online resume. Your Certificate and digital badge information will be sent to you once you've completed the program.

Who Will Benefit

• 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 accounting and financial reporting requirements that apply to not-for-profit entities.

Key Topics

• Reporting of expenses by nature and function
• Distinguishing between program services and supporting services
• Expense allocation methods
• Accounting for joint activities
• Financial statement presentation and disclosure

Learning Outcomes

• Apply FASB ASC not-for-profit industry-specific guidance.
• Identify the proper accounting treatment for typical transactions of not-for-profit entities.
• Recognize the financial statement presentation and disclosure requirements that apply to not-for-profit entities.