Not-For-Profit Accounting: Reporting and Analysis
The Financial Accounting Standards Board (FASB) provides guidance for communication of a not-for-profit organization’s (NFPO) financial performance and condition to stakeholders (e.g. donors, grantors, creditors). To assist management and auditors in preparing financial statements and performing engagements, this course provides an overview of the accounting and reporting framework applicable to NFPOs that apply FASB standards. It also discusses accounting by specific nonprofits ? colleges and universities, voluntary health and welfare organizations, and health care entities. Finally, the course describes financial analysis and ratios that can be useful to analyze the financial fitness of NFPOs.

Course Publication Date: June 29, 2023

This course is available with NO ADDITIONAL FEE if you have an active self study membership or all access membership or can be purchased for $50.00!

Author:Delta CPE
Course No:ACT-NONPROF-4003
Recommended CPE:5.00
Delivery Method:QAS Self Study
Level of Knowledge:Overview
Advanced Preparation:None
Recommended Field of Study:Accounting
Learning Objectives
  • Identify the objectives of financial reporting by not-for-profit organizations (NFPOs).
  • Identify financial statement presentation and disclosure for NFPOs.
  • Recognize how net assets are affected by different types of transactions.
  • Recognize the method of grouping expenses according to the purpose for which costs are incurred.
  • Distinguish between a contribution and an exchange transaction.
  • Distinguishing between conditional and unconditional contributions.
  • Recognize net asset presentation requirements of higher education.
  • Identify major functional expense classes of voluntary health and welfare organizations.
  • Recognize accounting rules of charity care and malpractice claims for private not-for-profit hospitals.
  • Recognize different examples of ratio analysis.

CPE Depot Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Sponsor Number: 109423


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