Preparing Not-for-Profit Financial Statements Webinar

In order to prepare accurate and effective not-for-profit financial statements, professionals must have a strong, working knowledge of the reporting requirements. Now is the time to obtain that knowledge! This course explains the requirements, illustrates how the requirements manifest themselves in the financial statements, and clarifies key options that not-for-profits have in applying the requirements. The course also examines and illustrates key accounting requirements affecting not-for-profits including revenue recognition, contributions, and leases. The course materials utilize a highly illustrative and innovative format, including over 30 focused exercises to provide an enhanced working knowledge of not-for-profit accounting and reporting.
Highlights

• The key requirements, options, and disclosures related to each of the basic financial statements
• How the reporting of functional and natural expense information has changed
• The requirements related to providing liquidity and availability of financial assets information
• The implementation of ASU No. 2018-08 and its effect on the accounting for grants and contracts as well as contributions in general
• How the new lease requirements (ASU No. 2016-02, Leases) impact not-for-profits
• Core not-for-profit accounting requirements related to contributions, promises to give, contributed services, net assets, special events, the classification of expenses, and more