- NY Credits : 1.0
- TX Credits : 1.0
Nonprofit organizations have always faced unique auditing and accounting challenges, and users of these statements often have questions surrounding the financial reporting processes of these organizations. Jennifer will begin the program with a look at the importance of financial statements of nonprofit entities, the use of GAAP in these statements, and the need or lack thereof for comparative statements. She will then give some specific examples of how nonprofits are being impacted by the new revenue recognition and contributions guidance. Jennifer will close the program by examining gifts-in-kind and the different valuation issues nonprofits face with their assets and liabilities.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
identify basic financial statements used by nonprofits;
identify which form is used by an entity for informational reporting; and
identify examples of special considerations related to conditional contributions.