Accounting & Reporting for Not for Profit: Avoiding Headaches [ARN4 Anc]

Full Description

Accounting and Reporting for Not-For-Profits: Avoiding the Headaches and Heartaches

November 11, 2014 Afternoon Session
12:30 pm to 4:00 pm
AKCPA Conference Room
Anchorage, AK

Not-for-profits are operating in an increasingly competitive environment for resources. To help garner the attention and
confidence of resource providers, it is crucial that their financial reporting be accurate. The purpose of this course is to improve and refine your not-for-profit accounting and reporting skills. Obtain an in-depth understanding of the key requirements and how they are applied. The course materials utilize a highly illustrative format to increase concept comprehension and retention.

Major Topics:
Key concepts related to the statement of financial position
Alternatives related to the statement of activities
The statement of functional expenses
Unique aspects of a not-for-profit organizations statement of cash flows
Distinguishing contributions from exchange transactions
Distinguishing between conditional and unconditional promises to give - discerning conditions from restrictions
Disclosure considerations
Issues related to contributed services

Learning Objectives:
Identify what distinguishes not-for-profit accounting and reporting from commercial sector accounting and reporting
Skillfully apply the unique not-for-profit accounting and reporting requirements
More effectively audit not-for-profit organizations through superior knowledge of accounting and reporting requirements

Designed For: Not-for-profit industry professionals and auditors

Level of Knowledge: Intermediate

CPE Credits: 4, Accounting (Governmental)

Prerequisite: Some introductory background in not-for-profit accounting and reporting

Acronym: ARN4

Discussion Leader: Laura Lindal, CPA

Print Page back to list