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| Author : | Jae K. Shim, Ph.D., CPA |
| Status : | Production |
| CPE Credits : | 4.5 |
| IRS Credits : | 0 |
| Price : | $44.95 |
| Passing Score : | 70% |
| Primary Subject-Field Of Study: | Accounting - Accounting and Auditing 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
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
Chapter 3
Chapter 4
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
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| Course Contents : | Chapter 1: Not-For-Profit Organizations Learning Objectives: Sources of GAAP Rules, Concepts, and Illustrations Key GAAP 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 Contributions 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 Investments Depreciation Public Support and Revenue Contributions Expenditures 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 Revenue Costs Profitability Disclosures 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 Software 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 Appendix Chapter 5 Review Questions Glossary |
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