Description
Offers interpretations and case studies that will help you learn how to prepare an NFP's statement of activities.
- Qualifies for 1.5 Yellow Book CPE Credits
Objectives
- Determine how to prepare, in accordance with GAAP, a statement of activities.
- Identify the most appropriate financial statement format, considering the complexity of the entity.
- Determine the effect of a particular transaction or significant event on the entity's statement activities.
- Identify the effect of donor-imposed restrictions on the reporting of revenues in the statement of activities.
Highlights
- Comparative information
- Contributions and donor-imposed restrictions
- Distinguishing revenues from gains
- Expense reporting by function
- Net asset classification
- Presentation options
- Industry best practices