Key Accounting & Reporting Issues for Nonprofits: Revenues Recognition (Currently Unavailable)

Author: Larry Perry

This course focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.

Publication Date: July 2014

Designed For
Practitioners in public accounting at all levels of experience who would like better understanding of non-profit organizations' operations, accounting and reporting, particularly revenues recognition. Also, accounting employees and managements of non-profit organizations will benefit from this presentation.

Topics Covered

• Internal controls over cash receipts and revenues
• Relevant financial statement assertions and financial statement presentation for NPO revenues
• Contributions
• Donated Materials, facilities and services
• Other non-profit organization revenues, gains and losses

Learning Objectives

• Understand principles of revenue recognition in Statements of Financial Accounting Standards for non-profit organizations
• Be able to properly account for revenues of non-profit organizations
• Understand principles of accounting and reporting for accounts presented on the statement of activities
• Become familiar with internal controls over cash receipts and revenues that enable their proper recognition in financial statements

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None