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myCPE

The 101 On Not-for-profit 1.5 Credits

Mar 03, 2022, 10:00 AM ET

The 101 On Not-for-profit 1.5 Credits

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  • Access the course at your convenience
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  • Attend the live interactive session
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Mar 03, 2022, 10:00 AM ET

Learning Objective

  • To identify fundamental terms and concepts specific to NFP organizations
  • To outline a financial statement presentation
  • To explain key aspects of good governance and tax considerations
  • To identify thoroughly revenue recognition concepts for NFPs

Course Overview

There is a key difference between for-profit and non-for-profit standards: it is the concept of fund accounting. The concept of fund accounting focuses on accountability and stewardship rather than profitability. For-profit entities have a general ledger, which is a single self-balancing account — while nonprofits typically have a number of general ledgers, or funds.

This accounting framework enables not-for-profit organizations to separate resources into different accounts to identify individual sources of funds and their usage. Further, nonprofit organizations receive many benefits as tax-exempt organizations, they must keep detailed records about contributions, assets, and expenses.

Given this background, it is imperative to understand that Not-for-Profit organizations present a unique set of accounting and governance issues. This webinar will focus on the following topics of fundamentals of NFP organizations:

  • Key definitions
  • Financial statements
  • Governance
  • Revenue recognition
  • In-kind contributions
  • Tax considerations

This webinar would be double the value if you had already attended Revenue Recognition for NFP Organizations from the speaker.

On Demand Credits for All Qualifications

Nano Credits for All Qualifications

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 1.5 CPE Approved
Internal Auditing for Certified Internal Auditors (CIA) 1.5 CPE Eligible
Accounting & Auditing for Certified Management Accountants (CMA) 1.5 CPE Eligible
Accounting & Auditing for Delaware Licensed Public Accountant (DE-LPA) 1.5 CPE Eligible
Accounting & Auditing for Iowa Licensed Public Accountant (IA-LPA) 1.5 CPE Eligible
Accounting & Auditing for Maine Licensed Public Accountant (ME-LPA) 1.5 CPE Eligible
Auditing for Certified Government Auditing Professional (CGAP) 1.5 CPE Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 1.5 CPE Approved
Internal Auditing for Certified Internal Auditors (CIA) 1.5 CPE Eligible
Accounting & Auditing for Certified Management Accountants (CMA) 1.5 CPE Eligible
Accounting & Auditing for Delaware Licensed Public Accountant (DE-LPA) 1.5 CPE Eligible
Accounting & Auditing for Iowa Licensed Public Accountant (IA-LPA) 1.5 CPE Eligible
Accounting & Auditing for Maine Licensed Public Accountant (ME-LPA) 1.5 CPE Eligible
Auditing for Certified Government Auditing Professional (CGAP) 1.5 CPE Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 1.5 CPE Approved
Internal Auditing for Certified Internal Auditors (CIA) 1.5 CPE Eligible
Accounting & Auditing for Certified Management Accountants (CMA) 1.5 CPE Eligible
Accounting & Auditing for Delaware Licensed Public Accountant (DE-LPA) 1.5 CPE Eligible
Accounting & Auditing for Iowa Licensed Public Accountant (IA-LPA) 1.5 CPE Eligible
Accounting & Auditing for Maine Licensed Public Accountant (ME-LPA) 1.5 CPE Eligible
Auditing for Certified Government Auditing Professional (CGAP) 1.5 CPE Eligible
License details Credits Status
Accounting & Auditing for Certified Public Accountants (CPA-US) 1.5 CPE Approved
Certified Internal Auditors (CIA) 1.5 CPE Eligible
Certified Management Accountants (CMA) 1.5 CPE Eligible
Internal Audit Practitioner (IAP) 1.5 CPE Eligible
Certified Wealth Strategist (CWS) 1.5 CE Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1.5 CE Eligible
Qualification in Internal Audit Leadership (QIAL) 1.5 CPE Eligible
Certified Government Auditing Professional (CGAP) 1.5 CPE Eligible

Additional Information

Credits

1.5

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a 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.

Dive into the world of CPA CPE courses with MY-CPE. Our online courses are here to help you complete your CPA CPE credits seamlessly. We cover a wide range of topics delivered by professional subject matter experts. Forget the traditional way of learning with flexible scheduling and learn at your own pace. Join us and start your journey toward professional growth today!

About Instructor

Lucas LaChance - Business Ethics & Leadership Speaker| My-CPE
Lucas LaChance

Partner, Lane Gorman Trubitt, LLC

  • 4.6
  • rating
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Lucas is a Texas Society of CPAs Rising Star Award-winning experienced auditor, director, board member, manager, and publisher with more than 15 years of leadership experience in external audit and internal audit with an emphasis on risk-based (COSO) audit approaches. His responsibilities include the oversight and management of a department of more than 30 professionals (budget monitoring, analysis metrics, recruiting/retention, coaching, mentoring); partnering with clients with assets in excess of $150MM+ to identify, analyze, and mitigate financial and industry risks to their strategic plan; planning and execution of multiple, large-scale, simultaneous projects; and development and implementation of numerous accounting and finance presentations to external clients, committees, and boards as well as to local, state, and national audiences about accounting industry developments.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent

Very Good

Average

Poor

Terrible

DM

Dawn Meredith, Auditor
5

Having worked for NFP for over 11 years, I found the presenter and this course extraordinary. Everyone involved with NFP's should take this course, Lucas expertly and effectively presented proper accounting and tax rules for reporting revenue and expenses for Non-Profit Organization Special Events.

CG

Chris Giotis, CPA (US)
5

Webinar with great content related to nonprofit. Instructor with knowledge and experience in handling the subject. I have personally received information that helps to grow our expertise on this subject. Congratulations.

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Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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