Statement of Activities: Not-for-Profit Financial Reporting
Offers interpretations and case studies that will help you learn how to prepare an NFP's statement of activities.
Format
Online
NASBA Field of Study
Accounting
Level
Intermediate
CPE Credits
1.5
Author(s)
Andrew Prather
Availability
1 year
Product Number
188025
This video-based CPE course is included in the Not-for-Profit Certificate II Program. It can be purchased individually or as a part of the Not-for-Profit Certificate II - Financial Reporting track.
How does your not-for-profit (NFP) evaluate financial performance? Of all the financial statements, the statement of activities is among the most useful to an NFP's managers and constituents. The statement of activities reports revenues, gains, expenses, and losses for the period. It is a useful tool in assessing an NFP's service efforts and its ability to continue to provide services to sustainably carry out its mission. There are numerous ways in which an NFP's statement of activities differs from the income statement of a for-profit business. For example, to properly present revenues and gains, one will need to understand how donorimposed stipulations affect classification. This CPE course offers you detail-rich interpretations and case studies that will help you learn to prepare an NFP's statement of activities. Included as a course resource is a sample statement of activities.
Note: As of August 1, 2018, the content of this course has been significantly updated to reflect implementation of FASB Accounting Standards Updates (ASUs) effective for most not-for-profit entities for their next financial reporting period, including those related to financial statement presentation (ASU 2016-14) and revenue recognition (ASU 2014-09 and ASU 2018-08). If you started but did not complete Not-for-Profit Certificate II prior to July 31, click here to find out how this and related course updates affect you. If you completed the program prior to July 31 and would like to retake only those courses with significant updates for new standards, click here to learn about the Certificate II Update Pack.
- Comparative information
- Contributions and donor-imposed restrictions
- Distinguishing revenues from gains
- Expense reporting by function
- Net asset classification
- Presentation options
- Industry best practices
- Determine how to prepare, in accordance with GAAP, a statement of activities.
- Identify the most appropriate financial statement format, considering the complexity of the entity.
- Determine the effect of a particular transaction or significant event on the entity's statement activities.
- Identify the effect of donor-imposed restrictions on the reporting of revenues in the statement of activities.
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org
Contact usThe Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.
Ratings and reviews
Log in to apply your member discount.