- NY Credits : 6.0
- TX Credits : 6.0
This interactive self-study course explores several topics related to nonprofit organizations and their financial reporting relationships with other entities. Lesson 1 provides general accounting guidance for assessing reporting requirements with affiliated and related entities including mergers, acquisitions, and combined financial results. Lesson 2 examines consolidated, consolidating, and combined financial statement preparation and presentation and accounting for assets using the equity method.
Course Expiration Date: May 31, 2022
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Recognize the different types of financial relationships for nonprofits and the accounting differences between these relationships, such as mergers and acquisitions.
Determine when to include financial results of another entity in nonprofit financial statements.
Recognize proper methods for presenting consolidated financial statements for nonprofit organizations including appropriate disclosures.
Identify when and how to use consolidating or combined financial statements and when to apply the equity method for transactions.
Lesson 1—Accounting Guidance for Mergers, Acquisitions, and Other Financial Relationships
Lesson 2—Consolidated, Consolidating, and Combined Financial Statement Presentation and Equity Method Reporting