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Adam Sanders, CPA & Consultant Specializing in Not-for-Profit & Small Businesses
Adam has over 20 years of experience as a CPA working as an internal and external auditor, controller, consultant and director of finance for large and small not-for-profits.
This instructor has 43 courses »To Access This Course:
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 14, 2020
4 Reviews (20 ratings)Reviews
Anonymous
(internal auditor)
Довольно сложно усваивать эту тему без примеров на слух. Очень понравились вопли птиц на заднем плане. Складывалось ощущение, что я в зоопарке
Anonymous
(Finance Director)
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.
Anonymous
(SVP, Finance)
this was a good practical course to take if you are new to NFP accounting
Warren Corprew
(Business Planning Analyst at SOME)
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 .