Description
CPE course on the nuances of NFP financial reporting and how to successfully prepare a statement of cash flows.
- Qualifies for 1.5 Yellow Book CPE Credits
Designed For
- CPAs, financial professionals and NFP board members involved in financial reporting for NFPs or reviewing NFP financial statements.
Objectives
- Determine how to prepare, in accordance with GAAP, a statement of cash flows (SCF).
- Differentiate between operating, financing, and investing activities.
- Determine the effect of a certain transaction or significant event on the reporting entity's SCF.
- Differentiate between direct method and indirect method cash flow statement and identify steps for successful completion of the statements under both methods.
Highlights
- GAAP industry-specific guidance
- Industry best practices
- Direct and indirect method
- Classification (operating, investment, and financing activities)
- Reconciliation of change in net assets to cash balances
- Effect of donor restrictions on cash flow reporting