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 organizationsIdentify the basic financial statements of nonprofit organizationsRecall the accounting for contributionsIdentify net asset classifications for nonprofit organizationsIdentify agency transactions