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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.

Learning Objectives

  • Recognize what accountants are required to include in Not-For-Profit (NFP) Cash Flow Statements prepared by the indirect or direct method
  • Identify the differences between the indirect method and direct method of preparing the Cash Flow Statement
  • Identify how NFPs should treat donor-restricted gifts that are directed for use in long-lived assets of the NFP
Last updated/reviewed: November 8, 2019

4 Reviews (16 ratings)Reviews

4
Anonymous Author
Довольно сложно усваивать эту тему без примеров на слух. Очень понравились вопли птиц на заднем плане. Складывалось ощущение, что я в зоопарке
4
Anonymous Author
It was interesting to see how cash flow statements for NFP differs from for-profit entities. This course was easy to understand and appropriate for someone who doesn't have a background in NFP.
5
Anonymous Author
this was a good practical course to take if you are new to NFP accounting
5
Member's Profile
Another excellent course by Adam I continue to enjoy his completeness.

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course, but completion of the other courses in this series is recommended.

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
  3:08Introduction to NFP Cash Flow Statements
  5:23Purpose of Statement of Cash Flows
  3:21Statement of Cash Flows
  8:23Direct Method
  3:30Indirect Method
  9:03Restricted Cash
  8:57Cash Flow Statement Preparation Tips
CONCLUSION
  1:37Summary
CONTINUOUS PLAY
  43:22NFP Cash Flow Statements
SUPPORTING MATERIALS
  PDFSlides: NFP Cash Flow Statements
  PDFNFP Cash Flow Statements Glossary/Index
REVIEW AND TEST
  quizReview Quiz
 examFinal Exam