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Course Details

Not-For-Profit Accounting: Reporting And Analysis - v06 (Course Id 1192)

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Author : Jae K. Shim, Ph.D., CPA
Status : Production
CPE Credits : 4.5
IRS Credits : 0
Price : $40.45
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 1192

Description :

Business organizations obtain resources by providing goods and services. Many not-for-profit organizations (NFPOs) obtain resources from contributors and are accountable to the providers of those resources or to their representatives. In general, GAAP requires not-for-profit organizations to issue a statement of financial position, a statement of activities, and a statement of cash flows. The focus is on the organization as a whole and on reporting assets, liabilities, and net assets; changes in net assets; flows of economic resources; cash flows, borrowing and repayment of borrowing, and other factors affecting liquidity; and service efforts. This course addresses the accounting and financial reporting for NFPOs (or NPOs) ---colleges and universities, healthcare providers, voluntary health and welfare organizations (VHWOs), and other not-for-profit entities such as religious, educational, social, recreational entities. Also addressed is financial analysis and ratios that can be useful to analyze financial fitness of NFPOs.

Usage Rank : 0
Release : 2016
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Advance Preparation : None.
Delivery Method : Self-Study.
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 20-Mar-2017
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - 1192

Keywords : Accounting, NotForProfit, Accounting, Reporting, And, Analysis, 2016, cpe, cpa, online course
Learning Objectives :

Chapter 1
Not-For-Profit Organizations

After completing this section, you should be able to:
    1. Recognize the types of and components of financial statements mandated by GAAP for not-for-profit organizations.
    2. Identify the difference between restricted and unrestricted assets for a NFPO and how these organizations should report contributions and other revenue sources.

Chapter 2
Colleges and Universities

After completing this section, you should be able to:
    1. Identify reporting requirements of higher education.

Chapter 3
Healthcare Providers

After completing this section, you should be able to:
    1. Recognize the financial statement reporting requirements for revenue for healthcare providers.

Chapter 4
Voluntary Health and Welfare Organizations

After completing this section, you should be able to:
    1. Identify the auditing of and reporting requirements on the financial statements of governmental voluntary health and welfare organizations (VHWOs).
    2. Recognize the typical funds used to account for VHWO transactions.
    3. Recognize the reporting on the financial statements of other not-for-profit organizations (ONFPOs).
    4. Calculate depreciation financial reporting for ONFPOs.

Chapter 5
Not-for-Profit Financial Analysis and Metrics; Avoiding Bankruptcy

After completing this section, you should be able to:
    1. Recognize different examples of trend analysis.
Course Contents :

Chapter 1:   Not-For-Profit Organizations

Learning Objectives:

Sources of GAAP

Rules, Concepts, and Illustrations


Statement of Financial Position

Statement of Activities

Statement of Cash Flows

Contributions Received

Expiration of Donor-Imposed Restrictions

Investments Held by NFPO

Disclosing Investment Income, Gains, and Losses

Endowment Funds that Are Donor Restricted

Financial Statement Disclosures

Key Differences between NFPOs and For-Profit Corporations

ASU 2016-14: Significant Changes to NFPO

Chapter 1 Review Questions

Chapter 2:    Colleges and Universities

Learning Objectives:

Overview and Issues

Sources of GAAP

Public Colleges and Universities

Private Colleges and Universities

Rules, Concepts, and Illustrations


Fund Accounting

Current Funds Revenues

Current Funds Expenditures and Transfers

Statements of Position

Chapter 2 Review Questions

Chapter 3:    Healthcare Providers

Learning Objectives:

Sources of GAAP

Rules, Concepts, and Illustrations

Hospital Accounting

Hospital Fund Structure

Required Financial Statements

Contributions Made to Not-For-Profit Healthcare Entities

Summary of Healthcare Accounting and Financial Reporting

Chapter 3 Review Questions

Chapter 4:    Voluntary Health and Welfare Organizations

Learning Objectives:

Overview and Issues

Concepts, Rules, and Examples

Financial Statements

Fund Accounting



Public Support and Revenue



Joint Costs of Informational Materials and Activities

Statement of Functional Expenses

Other Not-For-Profit Entities

Accounting for ONFPOs

Financial Statements of ONFPOs

Not-For-Profit Organizations and Financial Reporting

Chapter 4 Review Questions

Chapter 5:    Not-for-Profit Financial Analysis and Metrics; Avoiding Bankruptcy

Learning Objectives:

Trend Analysis

Analysis of the Balance Sheet

Liquidity Analysis

Financial Flexibility

Asset Utilization

Analysis of Fixed Assets

Analysis of Liabilities

Appraisal of Solvency, Capital Structure, and Net Assets (Fund Balance)

Evaluation of the Statement of Activities





Performance Metrics

Charity Commitment

Fundraising Efficiency

Donor Dependency

Fund Raising Ability

Analysis of Pledges

Analysis of Contributions

Looking At Endowments

Evaluation of Grants

Risk/Return Analysis

Audit Reliability


Spotting Potential Bankruptcy and Avoiding Financial Problems

Case Study in Financial Statement Analysis:

Family Service Agency of Utopia

Liquidity Analysis

Analysis of Solvency

Analysis of the Statement of Activities

Chapter Summary


Chapter 5 Review Questions


Accounting Course 1192 Home: https://www.cpethink.com/qas-cpa-courses
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