Learn the basics of accounting for expenses, including recognition, measurement, and financial statement display issues that are unique to NFPs.
NASBA Field of Study
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).
Group ordering for your team
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