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This is a Premium course and can only be enrolled by curriculum:

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: August 23, 2021

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  3:11An Overview to the Introduction to Not-for-Profit Accounting
  10:44Contributions
  11:28Contributions Cont'd
  5:12Net Assets
  16:27Pledges and Gifts
  10:22Agency Transactions
  12:30Endowments
  9:52Programmatic Investments
  10:37Functional Expense Allocation
  9:04Functional Expense Allocation Cont'd
CONTINUOUS PLAY
  1:39:27Introduction to Not-for-Profit Accounting
SUPPORTING MATERIAL
  PDFSlides: Introduction to Not-for-Profit Accounting
  PDFIntroduction to Not-for-Profit Accounting Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM