Introduction to Not-for-Profit Accounting
Nonprofits face unique accounting challenges. This course will introduce attendees to the financial statements and unique accounting principles applicable to not-for-profit organizations. Specifically, we will focus on the typical transactions and account balances unique to NFPs, including net assets, agency transactions, contributions, endowments, and programmatic investments.
Upon completing this course, learners will be able to:
- Recall the unique accounting principles and transactions applicable to NFP organizations
- Identify the basic financial statements of nonprofit organizations
- Recall the accounting for contributions
- Identify net asset classifications for nonprofit organizations