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Accounting for Not-for-Profit Entities - FLEXCAST

Available Until Wednesday, May 31

Your Desk

3.0 Credits

Member Price $147.00

Non-Member Price $169.00

Overview

Not-for-profit accounting is a specialized area of GAAP which has recently changed significantly. This course will take an in-depth look at all aspects of this topic from determining the nature of a contribution to presentation and disclosures. In addition, Jeff will include his unique perspective and humor, including his signature video parodies, which are designed to keep you awake and reinforce the material.

Highlights

Contributions Received. Financial Statements. Disclosures. Contribution Versus Exchange. Conditional Contributions. Contribution Classification. Services Received from Personnel of an Affiliate. Contributed Nonfinancial Assets.

Prerequisites

None.

Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.

Objectives

Describe the recent changes to NFP accounting. Apply the standards to distinguish a contribution from an exchange. Describe a conditional contribution. Apply the standards for accounting for a conditional contribution. Apply the standards to classify a contribution as restricted or unrestricted. Apply the special provisions with regard to contributed services. Apply the provisions for collections. Apply the provisions for presentation of financial statements and disclosures. Describe issues for special issues.

Preparation

None.

Notice

  • This is a FlexCast™ (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. 
  • You may take up to one year from the date of purchase to complete the course. 
  • Pause your FlexCast and resume at a convenient day during the hours above.  
  • Partial credit for 2+ credit courses:  If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning.
  •  Use chat to ask questions of a subject matter expert during the program. 

Leader(s):

Leader Bios

Jeff Sailor

Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software.

Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights with humor in high-energy presentations. He’s also adept at presenting complex topics in a very practical, easy-to-understand manner, thus earning him rave reviews for more than 20 years. Jeff currently presents seminars, webcasts, and in-house instruction for Western CPE. He’s also a featured speaker at national conferences as well as at state and regional meetings.

For more than 10 years, Jeff has served as an AICPA peer reviewer, focusing on small firms and sole practitioners. He also served on the Resource Committee for the Private Company Financial Reporting Committee (PCFRC). Jeff has spoken at two NASBA national conferences on how to make education more engaging for practitioners.

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Non-Member Price $169.00

Member Price $147.00