April 15, 2024


2 Total CPE Credits


Vexing Issues Facing Not-for-Profit Accountants

  • Instructor

    Daniel Bradley

Learning Objectives

After attending this presentation you will be able to:

  • Identify and properly respond to many of the challenges facing preparers of not-for-profit entities financial statements
  • Recall core concepts fundamental to properly account for transactions unique to NFPs
  • Recognize clarifications for unique reporting requirements affecting NFP organizations
  • Recall significant unique challenges facing accountants who prepare of not-for-profit (NFP) entities financial statements by being familiar with the results of examples that reinforce key learning points made throughout the course

Major Topics

The major topics that will be covered in this class include:

  • Determining whether a transaction is a revenue versus a gain or an expense versus a loss and why that is important for proper financial reporting
  • Clarifications related to agency transactions, including when variance power is present
  • New definitions and requirements related to contributed services and gifts in kind
  • Comparing the proper reporting for comparative versus summarized financial reporting
  • Clarifications regarding the options available for reporting special events
  • A greater understanding of the unique features of the statement of cash flows for NFPs
  • Clarifications related to joint costs and their allocation

CPE Credits Available

Total CPE
Accounting (Governmental)

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Accounting

Advanced Preparation


Intended Audience

Anyone responsible for preparing, reviewing, or auditing NFP organizations financial statements.


CPA Crossings

Register For This Event

  • ASCPA Member

    $ 89 89
  • ASCPA Non-Member

    $ 139 139
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