Not-for-Profit Accounting and Operational Issues  

In 1993, FASB issued Statement No. 116, Accounting for Contributions Received and Contributions Made (codified in FASB ASC 605, 720, and 958), and Statement No. 117, Financial Statements of Not-for-Profit Organizations (codified in FASB ASC 958). These statements revolutionized the field of not-for-profit (NPO) accounting, standardizing reporting requirements for various types of NPOs, while allowing a considerable degree of flexibility for financial statement presentation. This course is updated for changes resulting from ASU 2016-14 on the financial statements and ASU 2017-02 on consolidations. This course is most appropriate for the professional with detailed knowledge in not-for-profit accounting and reporting who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.