Nonprofit Accounting: What You Need to Know

• Overview

Elevate your understanding of nonprofit financial reporting concepts so that you can better assess the overall financial health of a nonprofit organization.Many stakeholders and leaders within nonprofit organizations need to understand the financial reporting but struggle with the complexities and differences when compared to for-profit organizations. This topic will elevate your understanding of nonprofit financial reporting concepts so that you can assess the overall financial health of a nonprofit organization and have a better understanding of how your financial statements are evaluated by board members, granting agencies, foundations, other donors and the public. This information will help you to review financial reporting with an elevated understanding; to discuss basic nonprofit accounting and reporting concepts; and to perform and apply nonprofit financial statement analysis.

Authors

Agenda

Users

Internal vs. External Reporting

5 Financial Reporting Basics for Nonprofits

Nonprofit Accounting and Reporting Concepts

• Basis of Accounting (Cash, Modified Cash, Accrual, Tax Basis)

• Affiliated Entities and Control

• Net Assets

- With Donor Restrictions

- Without Donor Restrictions

• Contributions and Grants

• Special Event Reporting

• Functional Expense Reporting

- Program

- Management and General

- Fundraising

- Joint Costs

Nonprofit Financial Statement Analysis Fundamentals

• Characteristics of Nonprofit Financial Health

Top Areas to Focus on