- NY Credits : 8.0
- TX Credits : 8.0
Companion to PPC's Guide to Nonprofit GAAP - Course 2 - Selected Topics Specific to Nonprofit Organizations (NPGTG172)
This interactive self-study course discusses a selection of topics related to generally accepted accounting principles for nonprofit organizations. Lesson 1 covers asset retirement and environmental obligations. Lesson 2 looks at commitments and contingencies. Lesson 3 examines issues related to debt. Lesson 4 discusses derivatives and hedging. Lesson 5 looks at exit or disposal cost obligations and guarantees. Lesson 6 discusses considerations related to inventory. Lesson 7 takes a look at receivables, such as loan impairment. Finally, the course concludes with Lesson 8, which discusses transfers of financial assets.
Course Expiration Date: December 31, 2018
Please note, the grading fee for answer sheets submitted by regular mail is $99.
Identify the GAAP accounting and disclosure requirements that apply when a nonprofit organization has asset retirement obligations.
Recognize how nonprofit organizations should address commitments and contingencies under GAAP.
Determine what GAAP requires of nonprofit organizations when they account for debt.
Identify the GAAP accounting and disclosure requirements that nonprofit organizations must uphold in relation to derivatives and hedging.
Recognize the accounting and disclosure requirements that nonprofit organizations must adhere to when dealing with exit or disposal cost obligations and guarantees.
Identify the accounting and disclosure requirements that apply when a nonprofit organization maintains inventory.
Determine the GAAP accounting and disclosure requirements for specific receivables, such as loan impairment.
Lesson 1—Asset Retirement and Environmental Obligations
Lesson 2—Commitments and Contingencies
Lesson 4—Derivatives and Hedging
Lesson 5—Exit or Disposal Cost Obligations and Guarantees
Lesson 8—Transfers of Financial Assets