Not-for-Profit Reporting Model (Completed)
Date: Thursday, September 8, 2022
Instructor: Diane Edelstein
| Begin Time: |
12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
There is very specific guidance on reporting for Not-for-Profits (NPOs). We will look at the required financial statements and the required footnotes disclosures unique to NPOs. We will also discuss the flexibility of reporting an operating measure for NPOs and the challenges of reporting expenses.
Who Should Attend
This session is for personnel charged with drafting the financial statements and helpful for those NPO personnel that are reading the financial statements.
Topics Covered
- Required financial statements specific to NPOs
- Required footnote disclosures unique to NPOs
- Flexibility of reporting on an operating measure for NPOs
- Challenges of reporting expenses
Learning Objectives
- Recognize required financial statements and footnote disclosures unique to NPOs
- Identify the basic financial statements
- Recognize where the NPO has flexibility in how they report certain information
- Identify the requirement to report expenses functionally
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
None
Advance Preparation
None
