101. Fundamentals of Not-for-Profit Accounting

Track: 
Yellow Book
Field of Study: 
Accounting
Auditing (Governmental)
CPE Credit: 
2.0
Knowledge Level: 
Intermediate
Advanced Preparation: 
None
Prerequisite: 
Basic knowledge of not-for-profit operations, auditing, accounting and/or compliance requirements. General experience working in, or auditing, not-for-profits, including those NFPs audited under GAGAS.

Monday, June 18, 2018
 
8:00AM-9:40AM

Not-for-profit organizations have to abide by several accounting and reporting requirements that are unique to their industry. This workshop will take a fresh look at NFP accounting and reporting requirements, provide a few simple "tricks of the trade" and give participants an overview of several basic/fundamental accounting and financial reporting items that are prevalent within the not-for-profit industry. Topics covered will include accounting for contributions, endowments, net assets, and various other accounting and financial reporting topics. This workshop is ideal for those who are new to the not-for-profit industry, as well as a refresher for more experienced individuals.

Learning Objectives:

  • Attendees will learn about several fundamental accounting items that are unique to not-for-profit organizations
  • Workshop will provide an overview, including examples, of financial reporting for not-for-profit organizations


SESSION SPEAKER(S)

CPA
Associate Vice President for Finance and Administration, University of Chicago
CPA
Partner, Crowe Horwath LLP