Nonprofit A&A Series Part 1: Financial Statement Presentation & Disclosure 2024

Thursday, December 05, 2024
Webcast or Webinar, Online
12:00PM - 2:00 PM (opens at 11:30AM) EST
2Credits

Registration is Open

Members
$89.00 Regular Price
Non-Members
$119.00 Regular Price

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/6126465
Level: Basic
Vendor: California CPA Education Foundation
Field of Study: Accounting

Overview:

Part 1 of a 2-part series is an overview of GAAP requirements for nonprofit organizations and will help you become proficient in nonprofit financial reporting. This webcast focuses on presentation and disclosure unique to nonprofit organizations. Be sure to register for the next in the series: Nonprofit A&A Series Part 2: Revenue Recognition.

Objectives:

• Learn about unique rules related to nonprofit organizations regarding revenue, investments, endowments and split-interest arrangements • Learn about different presentation options for the key statements, board-designated reserves, restrictions on net assets, and liquidity disclosures • Identify areas in which disclosure may not be adequate, particularly given the new audit standard on disclosure • Learn about some unique reporting or disclosure options, particularly around non-operating activities

Major Topics:

• Overview of required financial statements • Unique considerations in the nonprofit environment • Presentation options for reserves, restrictions, functional expenses and liquidity.• Common pitfalls and little-known alternatives • Recognize financial statement presentation requirements for nonprofits

Major Topics:

• Overview of required financial statements • Unique considerations in the nonprofit environment • Presentation options for reserves, restrictions, functional expenses and liquidity.• Common pitfalls and little-known alternatives • Recognize financial statement presentation requirements for nonprofits

Designed For:

CPAs, auditors, accountants and financial professionals working in nonprofit organizations.

Prerequisites:

Familiarity with accounting requirements for nonprofits and generally accepted auditing standards (GAAP).