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Expenses: Not-for-Profit Accounting & Financial Reporting
CPE Self-study

Expenses: Not-for-Profit Accounting & Financial Reporting

Learn the basics of accounting for expenses, including recognition, measurement, and financial statement display issues that are unique to NFPs.

$55.20 - $79
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Accounting

Level

Basic

CPE Credits

2.5

Author(s)

Karen Craig

Availability

1 year

Product Number

165129

 Business & partner 
Learning Outcomes
  • Differentiate between expenses and losses.
  • Identify the requirements of an NFP’s reporting of expenses by nature and function.
  • Recall the fundraising activities of an NFP and the kinds of expenses related to them.
  • Recognize the proper accounting treatment for expenses from joint activities.
Key Topics
  • Reporting of expenses by nature and function
  • Distinguishing between program services and supporting services
  • Expense allocation methods
  • Accounting for joint activities
  • Financial statement presentation and disclosure
Product Details

This CPE course is included in the comprehensive Not-for-Profit Certificate I Program. It can also be purchased individually or as a part of the Not-for-Profit Accounting and Financial Reporting track.

Not-for-profits (NFPs) exist to fulfill a public benefit or mission. Donors, creditors, and those charged with management and governance of the NFP will often rely on expenses reported in the NFP’s financial statements to assess the efficiency of resources expended to achieve the organization’s mission. In this CPE course, you will learn the basics of accounting for expenses, including recognition, measurement, and financial statement display issues that are unique to NFPs. Topics covered include functional expense allocation methods and accounting for joint activities. You will have an opportunity to work through several real-world examples.

Note: As of August 1, 2018, course content has been updated to reflect implementation of FASB Accounting Standards Updates (ASUs) effective for most not-for-profit entities for their next financial reporting period, including those related to financial statement presentation (ASU 2016-14) and revenue recognition (ASU 2014-09 and ASU 2018-08).

Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$79.00
AICPA Members
Online
$69.00
NFP Section Members
Online
$55.20

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

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Credit Info
CPE Credits
Online
2.5
NASBA Field of Study
Accounting
Level
Basic
Prerequisites
Knowledge of the not-for-profit industry
Access
Online
This is a digital product. You will have access to the content for 1 year after purchase date.
Yellow Book Hours
2
Instructors
Karen Craig
Karen Craig, CPA, is a consultant providing technical accounting, reporting, finance, and analytical expertise to not-for-profits with a focus on higher education. She holds a degree in journalism and an MBA from California Polytechnic State University and is a licensed CPA in California. From 2002 to 2009, Karen was an Associate Controller at Stanford University where she was responsible for the overall operations of the university's investment accounting, financial reporting, capital accounting, payroll and disbursements departments. Prior to her work at Stanford, she was Controller for a software startup company and a Senior Audit Manager with PricewaterhouseCoopers. Karen hold memberships in the AICPA, in which she is an ex-officio member of the AICPA Not-for-Profit Industry Expert Panel, and the National Association of College and University Business Officers (NACUBO) in which she is a technical advisor to its Accounting Principles Council.
Shipping and delivery
Shipping costs  and sales taxes will be added later during checkout
Accessibility

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Expenses: Not-for-Profit Accounting & Financial Reporting
Select from the following options:
Online
$79.00
Nonmember Price
$79.00
Price excluding sales tax
$79.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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