- NY Credits : 9.0
- TX Credits : 9.0
This interactive self-study course takes a look at the statement of activities prepared by nonprofit organizations. Lesson 1 covers basic form and style considerations for this statement, as well as guidance on how to address contributions, organizations that raise contributions for others, and noncash contributions. Lesson 2 discusses revenues from exchange transactions, investment returns, gains and losses, the reclassification of net assets, reporting expenses by function, and other items that are required to be presented separately. Finally, Lesson 3 provides guidance on the accounting and presentation of certain expenses and the presentation of taxes.
Course Expiration Date: May 31, 2023
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Recognize basic information about a nonprofit organization's statement of activities and best practices for appropriate form and style.
Determine how a nonprofit organization should deal with contributions on its statement of activities.
Recognize differences that occur when a nonprofit organization raises contributions for others.
Identify how noncash contributions should be addressed on a nonprofit organization's statement of activities.
Identify how a nonprofit organization should deal with revenues from exchange transactions, investment returns, gains and losses, and the reclassification of net assets on its statement of activities.
Recognize how to report expenses by function and what other items are required to be presented.
Determine the best accounting and presentation for certain expenses on the statement of activities.
Lesson 1—Statement Basics, Form and Style, and Various Types of Contributions
Lesson 2—Exchange Transactions, Investment Return, Gains and Losses, Reclassification of Net Assets, Reporting Expenses by Function, and Items Presented Separately
Lesson 3—Accounting and Presenting Certain Expenses and the Effect of Tax Laws and Regulations