Not-For-Profit Accounting: Reporting and Analysis

4 Credits: Accounting


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Not-For-Profit Accounting: Reporting and Analysis

Course Level
CPE Credits

4 Credits: Accounting

Course Description

In the complex world of not-for-profit organizations (NFPOs), effective communication of financial performance and condition is crucial for maintaining trust and transparency with stakeholders like donors, grantors, and creditors. However, the challenge arises in navigating the comprehensive accounting and reporting framework provided by the Financial Accounting Standards Board (FASB). This course offers a solution by providing a detailed overview of the FASB standards applicable to NFPOs. It delves into specific accounting practices for various nonprofits, including colleges, health organizations, and healthcare entities. Moreover, the course agitates the need for accurate financial analysis and introduces essential ratios to evaluate the financial health of NFPOs. Through this course, participants will gain valuable insights and skills to ensure their NFPOs adhere to high standards of financial reporting and analysis, vital for organizational success and credibility.

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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.
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Course Specifics

Course ID
Revision Date
April 18, 2023

There are no prerequisites.

Advanced Preparation


Number of Pages

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.

Meet The Experts

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.