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Accounting for Not-For-Profit Organizations

  • CFE
  • CIA
  • CPA (US)
  • CVA
  • IAP
  • QIAL

Published: January, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Overview

  • Government not-for-profit organization
    5 mins
  • What accounting methods do private sector NFPOs currently follow?
    26 mins
  • Highlighted changes for NFPOs
    29 mins
  • Derecognition of financial assets and financial liabilities
    53 mins
  • Financial instruments initial measurement
    65 mins
  • Impairment of investments held by NFPOs in profit-oriented entities subject to significant influence
    84 mins

Course Description

What do you need to know about accounting for Not-For-Profit organizations? 

Unfortunately, sometimes, matters unique to Not-For-Profit entities are not dealt with explicitly in the primary sources of generally accepted accounting principles.

This presentation provides the guidance you need when selecting accounting policies and determining appropriate disclosures for Not-For-Profit organizations. It offers you an insight into the specific accounting issues of Not-For-Profit companies. 

Key topics covered in the CPE webinar for CPAs on Accounting:

  • Accounting treatment for inventories of a Not-For-Profit organization.
  • Accounting treatment for employee future benefits provided by a Not-For-Profit organization.
  • Presentation and disclosures for financial statements of a Not-For-Profit organization.
  • Accounting for the recognition, measurement, presentation and disclosure of contributions, and related investment income, received by a Not-For-Profit organization.
  • Accounting for the recognition and disclosure of contributions receivable a Not-For-Profit organization.
  • Accounting for tangible capital assets held by a Not-For-Profit organization.
  • Accounting for intangible assets acquired or developed by a Not-For-Profit organization.
  • Accounting for Contributed assets and write-downs of assets of a Not-For-Profit organization.
  • Disclosures for collections held by a Not-For-Profit organization.
  • Accounting for the presentation and disclosure of controlled, significantly influenced, and other related entities in the financial statements of a Not-For-Profit organization.
  • Disclosures for related party transactions in the financial statements of a Not-For-Profit organization.
  • Disclosures for a Not-For-Profit organization that classifies its expenses by function and allocates its expenses to a number of functions to which the expenses relate.

Learning Objectives

  • To review the concepts underlying the development and use of accounting principles in Not-For-Profit Organizations’ financial statements.
  • To understand guidance on preparing financial statements by Not-For-Profit Organizations.
  • To focus on areas that are unique to accounting for Not-For-Profit Organizations.

Recommended For

  • To review the concepts underlying the development and use of accounting principles in Not-For-Profit Organizations’ financial statements.
  • To understand guidance on preparing financial statements by Not-For-Profit Organizations.
  • To focus on areas that are unique to accounting for Not-For-Profit Organizations.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CPE Credit for Internal Audit Practitioner (IAP)
  • 2 CPE Credit for Certified Valuation Analyst (CVA)
  • 2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 2 CPE Credit of Accounting & Auditing for Certified Internal Auditors (CIA)
  • 2 CPE Credit for Certified Fraud Examiner (CFE)
  • 2 CPE Credit for Qualification in Internal Audit Leadership (QIAL)

Presenter

About Presenter

Michel Morley

Founder Mike Morley

Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

 “Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Faq

FAQs content

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