Nonprofits serve a unique purpose in society compared to other entities. Nonprofits face special accounting, operational, and compliance challenges for effective management and governance. This course provides an overview of the broad barriers and challenges faced in the nonprofit environment.

Major Topics:

  • Special accounting and financial reporting considerations for nonprofits
  • Unique operational considerations for nonprofit management and those charged with governance to monitor
  • Compliance requirements commonly faced by nonprofits when providing external financial information

 

Learning Objectives
  • Discover and describe unique accounting and financial reporting considerations for nonprofits.
  • Identify and list common operational and compliance requirements faced by nonprofits.
  • Explore and explain tips for better management and governance of nonprofit organizations.
Last updated/reviewed: March 13, 2024
8 Reviews (34 ratings)

Reviews

5
Anonymous Author
This is a really good overview of the unique aspects of a non profit organization. It includes the financial aspects, compliance, operational issues and includes useful KPIs.
5
Anonymous Author
Having spent more than 20 years in nonprofit accounting and auditing, I was pleasantly surprised with what this course taught me.
5
Anonymous Author
I like the written material (both slides and glossary). Also found the presentation to be informative. No dislikes.
5
Anonymous Author
Very good instructor with practical information contrasting nonprofit industry from others.
5
Member's Profile
VWE KNOWLEDGEABLE INSTRUCTOR. WELL-ROUNDED SELECTION OF CHAPTER MATERIALS TO COVER
3
Anonymous Author
interesting overview on non profit challenges and financial statement differences
5
Anonymous Author
Very useful content and good detail about operational and compliance challenges.
5
Anonymous Author
Good overview of accounting issues unique to non-profit entities.
Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.
Intended For: Anyone who prepares financial statements or provides attest services on financial statements

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Learning Objectives 1:14
  Introduction5:51
  Statement of Financial Position8:08
  Statement of Activities14:46
  Statement of Activities Cont'd14:04
  Financial Performance Measures and Reporting of Expenses10:58
  Statement of Cashflows7:42
  Operational Challenges25:24
  Compliance Challenges5:14
  Key Performance Indicators8:50
CONTINUOUS PLAY
  Top Accounting, Operational, Compliance Challenges for Nonprofits1:42:10
SUPPORTING MATERIAL
  Slides: Top Accounting, Operational, Compliance Challenges for NonprofitsPDF
  Top Accounting, Operational, Compliance Challenges for Nonprofits Glossary/ IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam