- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course takes a look at two topics that affect the preparation of nonprofit financial statements. Lesson 1 covers notes to the financial statements, and Lesson 2 provides information on the use of special purpose frameworks.
Course Expiration Date: May 31, 2022
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Recognize best practices for the presentation of nonprofit financial statements, determining what disclosures are needed, and preparing a summary of significant accounting policies.
Identify and address common problems with the preparation of frequent, general, and other disclosures.
Determine best practices for disclosing information about financial instruments and risks and uncertainties.
Identify the different types of special purpose frameworks, when to use them, and how they affect the form of the financial statements.
Recognize how use of the pure cash, modified cash, and tax bases affect nonprofit financial statements and how to address accounting changes.
Lesson 1—Notes to the Financial Statements
Lesson 2—Special Purpose Frameworks