NFP Cash Flow Statements

This course walks the participant through the two versions of a typical Not-For-Profit (NFP) Cash Flow Statement. In addition to learning about the Direct and Indirect methods of preparing the operating section of the cash flow statement.

We also discuss the latest Accounting Standards Update (ASU) to affect NFP cash flow statement preparation ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force). Lastly, we present and discuss sample statements along with a discussion of additional reporting and disclosure requirements.