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Nonprofit Accounting ON DEMAND

Available Until

Your Desk

16.0 Credits

Member Price $384.00

Non-Member Price $442.00


Professionals in the financial sector may find the distinct accounting requirements of nonprofit organizations challenging, with complexities arising from specific standards and practices that differ from for-profit businesses. This often leads to uncertainty in creating and managing effective accounting systems within the nonprofit context. This course acts as a bridge to this knowledge gap, offering a thorough understanding of the essential elements of nonprofit financial management. The CPE self-study course begins with foundational accounting principles for nonprofits and advances through topics such as financial statement preparation, revenue recognition, budgeting, and controls. It also tackles specialized areas like the accounting for joint costs, split-interest agreements, and the specific considerations in nonprofit mergers and acquisitions. Upon completion, participants will have transformed their understanding and capabilities, equipped to adeptly handle the unique financial challenges of nonprofit organizations, ensuring both compliance and operational excellence.


Nonprofit entity. Basic nonprofit accounting concepts. Nonprofit financial statements. Revenue accounting. Government grants. Investment accounting. Inventory accounting. Fixed asset accounting. Lease accounting. Pension plan accounting. Joint costs and allocations. Accounting changes and error corrections. Fair value. Other accounting topics. Split interest agreements. Affiliated organizations. Mergers and acquisitions. Nonprofit tax reporting. Closing the books. Nonprofit budgeting. Accounting controls. Nonprofit policies. Analysis of a nonprofit’s financial health.



Designed For

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


Cite the criteria used to define a nonprofit organization. Specify the essential building blocks of an accounting system. Identify the types of nonprofit financial statements and the comparable for-profit financial statements. Specify the instances in which revenue and gains can be recognized by a nonprofit. Cite the methods used to assign costs to a grant-funded program. State the applicable rules related to the recognition of investment assets. Identify the costing characteristics of the various cost layering methodologies. Identify the options available for recognizing a collection. Recall how the 12-month lease exception works. Specify the different types of lease payments. Recognize the components of net periodic pension cost, and the accounting for a defined contribution plan. Identify the types of joint costs, and the tests used to determine whether fundraising costs can be allocated.






Leader Bios

Steven Bragg, Western CPE

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.

Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).

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Non-Member Price $442.00

Member Price $384.00