QAS Self-Study
Basic
CPE Credits
4 Credits: Accounting
Course Description
The Financial Accounting Standards Board (FASB) provides guidance for communication of a not-for-profit organization’s (NFPO) financial performance and condition to stakeholders (e.g. donors, grantors, creditors). To assist management and auditors in preparing financial statements and performing engagements, this course provides an overview of the accounting and reporting framework applicable to NFPOs that apply FASB standards. It also discusses accounting by specific nonprofits – colleges and universities, voluntary health and welfare organizations, and health care entities. Finally, the course describes financial analysis and ratios that can be useful to analyze the financial fitness of NFPOs.
Learning Objectives
After completing this course, you should be able to:
- Identify the objectives of financial reporting by not-for-profit organizations (NFPOs);
- Identify financial statement presentation and disclosure for NFPOs;
- Recognize how net assets are affected by different types of transactions;
- Recognize the method of grouping expenses according to the purpose for which costs are incurred;
- Distinguish between a contribution and an exchange transaction;
- Distinguishing between conditional and unconditional contributions;
- Recognize net asset presentation requirements of higher education;
- Identify major functional expense classes of voluntary health and welfare organizations;
- Recognize accounting rules of charity care and malpractice claims for private not-for-profit hospitals; and
- Recognize different examples of ratio analysis.
Course Specifics
|
Course ID 123327634 |
Revision Date April 18, 2023 |
Number of Pages 118 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Course Instructor
For many years, Delta CPE LLC has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.
Not-For-Profit Accounting: Reporting and Analysis
$116.00 – $136.00
QAS Self-Study
Basic
CPE Credits
4 Credits: Accounting
Course Description
The Financial Accounting Standards Board (FASB) provides guidance for communication of a not-for-profit organization’s (NFPO) financial performance and condition to stakeholders (e.g. donors, grantors, creditors). To assist management and auditors in preparing financial statements and performing engagements, this course provides an overview of the accounting and reporting framework applicable to NFPOs that apply FASB standards. It also discusses accounting by specific nonprofits – colleges and universities, voluntary health and welfare organizations, and health care entities. Finally, the course describes financial analysis and ratios that can be useful to analyze the financial fitness of NFPOs.
Learning Objectives
After completing this course, you should be able to:
- Identify the objectives of financial reporting by not-for-profit organizations (NFPOs);
- Identify financial statement presentation and disclosure for NFPOs;
- Recognize how net assets are affected by different types of transactions;
- Recognize the method of grouping expenses according to the purpose for which costs are incurred;
- Distinguish between a contribution and an exchange transaction;
- Distinguishing between conditional and unconditional contributions;
- Recognize net asset presentation requirements of higher education;
- Identify major functional expense classes of voluntary health and welfare organizations;
- Recognize accounting rules of charity care and malpractice claims for private not-for-profit hospitals; and
- Recognize different examples of ratio analysis.
Course Specifics
|
Course ID 123327634 |
Revision Date April 18, 2023 |
Number of Pages 118 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Course Instructor
For many years, Delta CPE LLC has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.
Not-For-Profit Accounting: Reporting and Analysis
$116.00 – $136.00