Navigating the Complexities of Nonprofit GAAP

Nonprofits that follow GAAP are subject to most of the accounting principles that commercial entities follow. They also have a set of accounting principle specific to the industry that deal with a variety of accounting and disclosure issues. This course will help accountants in the nonprofit industry and their auditors to identify nonprofit specific pronouncements from revenue recognition to net assets.

Objectives

Identify when a transaction is subject to specific accounting principles for nonprofits Discuss accounting alternatives for certain accounting principles when they are available Implement nonprofit specific GAAP for specific transactions

Credits