Accounting For Not-for-Profit Organizations
Tool For Accountability and Transparency
Ratings 5.00 / 5.00
What You Will Learn!
- Gain an understanding of the NFP industry landscape
- Learn the difference between for-profit vs. NFP organizations
- Explore the universe of NFP orgs and how they are organized
- Understand how NFP entities life cycle from formation to dissolution, as well as their compliance requirements
- Explore the accounting process and cycle for NFP orgs
Description
This course provides individuals and organizations insights about the not-for-profit sector and guides them through the accounting process of these organizations. Individuals from various backgrounds would benefit from this course. Not-for-profit leaders, board members, and executives will be empowered to understand their organizations' finances. These in return will allow them to properly make better decisions to continue serving their target communities. Donors and members of the community would benefit from this course as it helps them hold the organizations they love and support accountable as well as assess not-for-profit managers' performance and stewardship of the recourses under their management.
Throughout this course, we lay the building blocks by defining not-for-profit organizations, and how they differ from for-profit organizations. Then, we navigate their life cycle to reviewing key components of financial reports in not-for-profit organizations Furthermore, we expand on our analysis by looking into an actual organization and how they present their financial information to the public.
Lastly, we use a fictitious organization to illustrate the formation and accounting process for a not-for-profit organization. We navigate key transactions, journal entries, and main financial reports. As additional steps, the course presents best practices in the documentation, creation, and organization of accounting records.
Welcome to Not-For-Profit Accounting!
Who Should Attend!
- Not-for-profit executives and directors, and board members
- Not-for-profit accountants, bookkeepers, and advisors
- Individuals interested in launching not-for-profit organizations
- Not-for-profit donors
- Individuals and organizations seeking to hold their favorite NFP organizations accountable