Self-Study
2
Basic
Accounting
There are no prerequisites.

Course Description

Nonprofit organizations have a unique set of needs when it comes to operations, accounting, and reporting. In this course, instructor Larry Perry walks you through the qualifications of a nonprofit organization, key Statements of Financial Accounting Standards (SFASs) that specifically affect accounting and reporting, and accounting standards for nonprofit financial statements. Illustrative financial statements and footnotes are provided along with a breakdown of revenue recognition and expense accounting that includes coverage of contributions, donations, financial statement assertions, internal controls, cost allocation methods, and more.



Instructor

Larry L. Perry, CPA

Larry L. Perry, CPA, has been in practice for over 40 years. He writes accounting and auditing manuals and is currently an author and presenter of live staff training seminars, live webcasts, and self-study CPE programs, including self-study courses for Western CPE.

He’s a managing member of CPA Firm Support Services, LLC, an organization that provides resources, training, and consulting to smaller CPA firms. Larry focuses on practical ways to perform effective and efficient accounting and auditing engagements.



Course Specifics

Accounting
Aug 23, 2017
There are no prerequisites.
SS5173267
72
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

Section 1

  • Recognize the fundamental definitions and operating principles of nonprofit organizations
  • Identify Statements of Financial Accounting Standards for nonprofit organizations
  • Recognize basic financial statements and footnotes presentations for nonprofit organizations
  • Recall principles of accounting and reporting for accounts presented on the statement of financial position

Section 2

  • Recognize principles of revenue recognition in Statements of Financial Accounting Standards for nonprofit organizations
  • Identify the proper accounting for revenues of nonprofit organizations
  • Recognize the basic principles of accounting and reporting for revenues accounts presented on the statement of activities
  • Recognize the characteristics and design of basic internal controls over cash receipts and revenues that enable their proper recognition in financial statements

Section 3

  • Recognize the proper accounting for expenses of nonprofit organizations
  • Recognize principles of accounting and reporting for accounts presented on the statement of activities
  • Identify the characteristics and design of internal controls over cash disbursements that enable their proper recognition in financial statements
  • Identify the elements contained in a statement of functional expenses
  • Identify joint costs, noting the methods and bases for cost allocation


Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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