course

Introduction to Not-for-Profit Accounting

(5)
4.4
New Course
2 Hours (On-Demand)
2.0 CPE  

This is a Premium course and can either be enrolled by curriculum or by Premium Subscription

Nonprofits face unique accounting issues. This session introduces attendees to the financial statements and unique accounting principles applicable to not-for-profit organizations.

This session focuses on the typical transactions and account balances unique to NFPs, including, net assets, agency transactions, contributions, endowments, and programmatic investments.

Learning Objectives
  • Discover and describe the unique accounting principles and transactions applicable to NFP organizations.
  • Explore and introduce attendees to the financial statements and unique accounting principles applicable to not-for-profit organizations.
  • Identify and focus on the typical transactions and account balances unique to NFPs, including, net assets, agency transactions, contributions, endowments, and programmatic investments.
Last updated/reviewed: January 24, 2023

Included In Certifications

This course is included in the following Certification Programs:

7 CoursesIntroductory Yellow Book Certification

  1. Introduction to Not-for-Profit Accounting
  2. Introduction to Governmental Accounting
  3. Introduction to Single Audit
  4. Introduction to Yellow Book
  5. 2021 Yellow Book Ethics
  6. Internal Controls Over Compliance vs. Compliance
  7. Internal Control Frameworks for Single Audit
2 Reviews (5 ratings)

Reviews

4
Anonymous Author
Not enough examples. Good overall presentation. Just do tax returns for them so helpful. Most small entities do not follow these rules. Helpful if they bridge between reporting and tax returns. Maybe in another course? Good speaker.
4
Anonymous Author
Good outline of non profit accounting regarding what constitutes a contribution, restrictions, etc.
Prerequisites
Course Complexity: Foundational

Who Should Attend: Practitioners new to nonprofit accounting.
No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  An Overview to the Introduction to Not-for-Profit Accounting3:11
  Contributions10:44
  Contributions Cont'd11:28
  Net Assets5:12
  Pledges and Gifts16:27
  Agency Transactions10:22
  Endowments12:30
  Programmatic Investments9:52
  Functional Expense Allocation10:37
  Functional Expense Allocation Cont'd9:04
CONTINUOUS PLAY
  Introduction to Not-for-Profit Accounting1:39:27
SUPPORTING MATERIAL
  Slides: Introduction to Not-for-Profit AccountingPDF
  Introduction to Not-for-Profit Accounting Glossary/ IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam