Earn your Certificate of Completion in Not-for-Profit Financial Management
The AICPA 40-hour CPE course is the perfect way to set yourself apart from other not for profits in your area. With classes that cover all of these essentials, including accounting and financial reporting as well as tax compliance or governance & assurance, you will be able to provide a seamless service at an affordable price!
After completing this course, you will
- You will be able to manage the financials of your nonprofit better.
- The program is comprehensive and covers a variety of topics.
- You will be able to make a real difference in the world with your nonprofit.
- You will have the skillset needed to ensure that your nonprofit is run efficiently and effectively.
- The program is flexible and can be done anywhere, anytime.
- You will be able to set yourself apart from other professionals in the field.
Course eligibility
The course is open to anyone. Its recommend to have prior knowledge of the not-for-profit industry.
Course access and duration (Read the FAQ's below for detailed information)
- Course access is one year from date of activation
- Course duration is approximately 40 hours. You will get the study materials from AICPA via the AICPA learning platform in 1-2 working days.
- Post completion of the course, you will receive the Digital Badge (refer FAQ's below for further details)
Course case studies and testimonials
The AICPA NFP 1 is the winner of Accounting Today's Best New Products award. The interactive problem-solving and real-world examples in this program will have you on the path to success.
Read more about practical case studies and testimonials .
Courses included in this program
- Not-for-Profit Entity Overview
Accounting and Financial Reporting Track
- GAAP for NFPs
- Financial Statement Presentation
- Net Assets
- Exchange and Agency Transactions
- Revenue from Contributions
- Assets
- Programmatic Investments
- Fair Value Issues Specific to NFPs
- Expenses
- Investments
- Split Interest Agreements and Endowments
- Liabilities
Tax Compliance Track
- Tax Exempt Status
- Unrelated Business Income Tax
- Introduction to Form 990
- Private Foundations
- Federal and State Filing Requirements
Not-for-Profit Governance and Assurance Track
- Best Practices in Board Governance
- Risk Assessment and Internal Controls
- Fraud Overview and Prevention
- Planning the Audit Engagement
- Financial Oversight, Budget and Strategy
- Auditing Considerations
Key Topics
- Introduction to accounting topics that apply to Not-for-Profit Entities
- Accounting and financial reporting issues
- Tax compliance considerations, including fully updated information related to the Tax Cuts and Jobs Act
- Best practices in governance and assurance
Learning Outcomes
- Identify the proper accounting treatment for typical transactions of not-for-profit entities, including the significant changes related to revenue recognition.
- Recognize the financial statement presentation and disclosure requirements that apply to not-for-profit entities, including those added or amended under ASU 2016-14.
- Identify basic state and federal filing requirements of an exempt organization, recognize the core components of the annual information return Form 990, and identify when an NFP may be subject to unrelated business income tax.
- Recognize best practices in NFP board governance, risk assessment and internal controls
- Identify steps involved in planning a successful audit engagement and identify key auditing considerations and client communications.