Nonprofit A&A Series Part 1: Financial Statement Presentation & Disclosure 2024

Overview

Part 1 of a 2-part series is an overview of GAAP requirements for nonprofit organizations and will help you become proficient in nonprofit financial reporting. This webcast focuses on presentation and disclosure unique to nonprofit organizations. Be sure to register for the next in the series: Nonprofit A&A Series Part 2: Revenue Recognition.

Highlights

• Overview of required financial statements
• Unique considerations in the nonprofit environment
• Presentation options for reserves, restrictions, functional expenses and liquidity.
• Common pitfalls and little-known alternatives
• Recognize financial statement presentation requirements for nonprofits

Prerequisites

Familiarity with accounting requirements for nonprofits and generally accepted auditing standards (GAAP).

Designed For

CPAs, auditors, accountants and financial professionals working in nonprofit organizations.

Objectives

• Learn about unique rules related to nonprofit organizations regarding revenue, investments, endowments and split-interest arrangements
• Learn about different presentation options for the key statements, board-designated reserves, restrictions on net assets, and liquidity disclosures
• Identify areas in which disclosure may not be adequate, particularly given the new audit standard on disclosure
• Learn about some unique reporting or disclosure options, particularly around non-operating activities

Preparation

None

Notice

This course is offered by a 3rd party vendor. Login instructions will not be accessible in the My CPE Tracker section of the ISCPA website. Login instructions will be emailed directly to you by California Education Foundation (CalCPA).