Non-profit Organizations: Accounting and Reporting Part 1, Statement of Financial Position​

Date: 2/25/2025
Time: 12:00 PM - 2:00 PM EST
CPE Credit: 2 hours

This webcast is going to help you better understand key accounting and reporting issues for nonprofits. This is part 1 out of 3 – so make sure you join us for parts 2 and 3 as well. We will be going over the SFAS Nos. 116, 117, 124, and 157. We will also be touching on unconditional and conditional promises to give, promises and intentions.

Topics Covered

• Definitions of non-profit organizations
• SFAS Nos. 116, 117, 124, 157 overviews
• Illustrative financial statements and footnotes
• Assets, liabilities and net assets accounting and reporting

Learning Objectives:

• Understand the fundamental definitions and operating principles of non-profit organizations
• Review statements of Financial Accounting Standards for non-profit organizations
• Become familiar with basic financial statements and footnotes presentations for non-profit organizations
• Understand principles of accounting and reporting for accounts presented on the statement of financial position