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Financial Statement Note Disclosures: Not-for-Profit Financial Reporting
CPE Self-study

Financial Statement Note Disclosures: Not-for-Profit Financial Reporting

Offers examples and case studies that will help you prepare note disclosures unique to NFPs and to get the most out of your reporting process.

$72 - $109
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Accounting

Level

Intermediate

CPE Credits

2

Author(s)

Andrew Prather

Availability

1 year

Product Number

188026

 Business & partner 
Learning Outcomes
  • Determine how to prepare, in accordance with GAAP, the most common note disclosures for a not-for-profit entity's (NFP)'s financial statements.
  • Determine the effect of a transaction or significant event that should be disclosed in the notes to the financial statements.
  • Differentiate between those transactions reported on the face of the financial statements and those in the notes to the financial statements (or both).
Key Topics
  • GAAP requirements unique to NFPs
  • Split-interest agreements
  • Fair value
  • Contributions receivable and donor-imposed restrictions
  • Gifts-in-kind, investments, and endowments
  • Net asset composition
  • Contingencies
  • Related parties
  • Best practices and presentation options
Product Details

This video-based CPE course is included in the Not-for-Profit Certificate II Program. It can be purchased individually or as a part of the Not-for-Profit Certificate II - Financial Reporting track.

Is it possible to read a map without a legend? Perhaps you could, but it would take a lot of guesswork! Similarly, a set of financial statements without the accompanying footnotes is only minimally useful, if not downright confusing, to readers.

A not-for-profit (NFP)'s note disclosures provide a treasure trove of explanations, interpretations and mission-critical information to help users make informed decisions. Without the notes, it is not possible to fully understand the causes and effects of significant transactions. Also, beyond the minimum GAAP requirements, an NFP's managers enjoy some degree of latitude to present information in a way they consider meaningful and relevant for the organization's constituencies, including donors.

This CPE course offers you detail-rich examples and case studies that will help you prepare note disclosures unique to NFPs and to get the most out of your reporting process.

Note: As of August 1, 2018, the content of this course has been significantly 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). If you started but did not complete Not-for-Profit Certificate II prior to July 31, click here to find out how this and related course updates affect you. If you completed the program prior to July 31 and would like to retake only those courses with significant updates for new standards, click here to learn about the Certificate II Update Pack.

Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$109.00
AICPA Members
Online
$89.00
NFP Section Members
Online
$72.00

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
NASBA Field of Study
Accounting
Level
Intermediate
Prerequisites
Experience working in or with 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
Andrew Prather
CPA
Andrew Prather is an audit shareholder at Clark Nuber P.S. based in the Seattle metro area. He is a leader in the firm's Not-for-Profit Services Group and provides a wide range of not-for-profit organizations with audit and consulting services. Andrew serves as a member of the FASB's Not-for-Profit Advisory Committee and chairs the planning committee for the AICPA's Not-for-Profit Industry Conference. He previously was a member of the AICPA's Not-for-Profit Expert Panel and served on the AICPA's Not-for-Profit Entities Audit & Accounting Guide Revision Task Force and participated in the 2013 overhaul of the AICPA's Not-for-Profit Entities Audit & Accounting Guide. Andrew has served as the chair of the Washington Society of CPA's (WSCPA) Not-for-Profit Committee and co-chair of the WSCPA Not-for-Profit Conference. He is a frequent speaker at conferences, seminars, and webcasts for the AICPA, state CPA societies, and industry groups. Andrew also serves as his firm's Quality Control Director overseeing the firm's audit quality assurance program and serving as a technical resource to the firm's professional staff.
Shipping and delivery
Shipping costs  and sales taxes will be added later during checkout
Accessibility

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Financial Statement Note Disclosures: Not-for-Profit Financial Reporting
Select from the following options:
Online
$109.00
Nonmember Price
$109.00
Price excluding sales tax
$109.00
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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