Non-profit Organizations: Accounting and Reporting Part 2, Revenues and Suppor​t

Date: 3/07/2025
Time: 12:00 - 2:00 PM EST
CPE Credit: 2 hours

This webcast is going to help you better understand key accounting and reporting issues for nonprofits: revenues recognition. This is part 2 out of 3 – so make sure you join us for part 3 as well! We will be covering the understanding of revenue recognition, ASC overview and Non-profit GAAP.

Topics Covered

• Relevant financial statement assertions and presentations for NPO revenues
• SFAS Nos. 116 (ASC 958-605) overview
• Illustrative financial statements and footnotes
• Contributions
• Donated materials, facilities, and services
• Other NPO revenues, gains, and losses
• Internal controls over cash receipts and revenues

Learning Objectives:

• Understand principles of revenue recognition in Statements of Financial Accounting Standards for non-profit organizations
• Be able to properly account for revenues of non-profit organizations
• Become familiar with internal controls over cash receipts and revenues that enable their proper recognition in financial statements
• Understand principles of accounting and reporting for revenue accounts presented on the statement of activities