ASNFPO - Disclosure and Presentation

Overview:

In this course, you will gain knowledge about the following topics:

• Concepts that drive the presentation and disclosure requirements
• Statement of operations presentation and related disclosures
• Statement of financial position presentation and related disclosures, e.g. Financial instruments
• Statement of changes in net assets
• Statement of cash flow presentation and related disclosures
• Choosing a presentation methodology and understanding the different methods for accounting for contributions
• Review of sample financial statements using real world examples
• Disclosure of significant accounting policies
• Financial instruments
• Inventories
• Controlled and related entities
• Tangible and intangible capital assets and collections held by a not-for-profit organization
• Employee future benefits
• Other revenues and contributions
• Allocated expenses and interfund transfers
• Related party transactions
• Ongoing projects and potential impact of changes 

Course Content:

Upon completing this course, you should be able to:

• Identify and analyze accounting issues specific to NPOs and determine the appropriate disclosures required
• Identify where policy choice exists and determine the appropriate level of disclosure required to communicate those choices to the user of the financial statements
• Interpret facts and scenarios to determine the appropriate presentation and disclosure

Learning Objectives:

Upon completing this course, you should be able to:

• Identify and analyze accounting issues specific to NPOs and determine the appropriate disclosures required
• Identify where policy choice exists and determine the appropriate level of disclosure required to communicate those choices to the user of the financial statements
• Interpret facts and scenarios to determine the appropriate presentation and disclosure

Who Will Benefit: 

Professionals at all levels who are involved in the preparation and review of NFPO financial statements. Government-controlled NFPOs must follow the Public Sector Accounting Handbook, which will not be addressed in this course.