Event Description

Not-for-profit organizations encounter distinct accounting complexities. This course provides an introduction to the financial statements and specialized accounting principles relevant to nonprofits. Attendees will explore key topics such as net assets, agency transactions, contributions, and endowments, focusing on the unique transactions and account balances that define not-for-profit accounting.

Objectives

• Recall the unique accounting principles and transactions applicable to NFP organizations
• Identify the basic financial statements of nonprofit organizations
• Recall the accounting for contributions
• Identify net asset classifications for nonprofit organizations
• Identify agency transactions