Navigating Accounting Principles and Practices for Not-for-Profit Organizations: Charities, Colleges, & Healthcare
Description
Not for Profit Accounting-Charities, Colleges, & Health Care will cover accounting principles related to not for profit organizations.
Our concentration will be on nongovernmental not-for-profit organizations. However, we will discuss the differences between nongovernmental not for profit organization and governmental not-for-profit organizations. We will also discuss accounting concepts for both governmental and nongovernmental organizations related to health care and colleges.
The course will start by introducing what a not for profit organization is. We will discuss regulation, taxation, and performance issues related to the not for profit organization. As we discuss accounting for not for profit organization, we will make comparisons to for profit organizations, concentrating most of our time on the areas where accounting concepts differ between the two.
Next, we will get into the details of accounting for not for profit organizations, discussing generally accepted accounting principles and the recording of transactions.
We will then take a look at example problems, recoding transactions related to a not for profit organization. We will work through example problems in a presentation format. We will then provide Excel worksheets and step by step instructional videos for learners to apply what they have learned. The Excel worksheets will include two tabs, one with the completed answer, and a second with preformatted worksheets. Learners can enter data into the preformatted worksheets in a step by step process following instructional videos.
Next, we will discuss colleges and universities in detail. We compare and contrast governmental not-for-profit colleges and universities as well as nongovernmental not-for-profit colleges. We will also discuss for-profit colleges.
The course will present example problems in a presentation format and will then provide Excel worksheet and instructional videos so that learners can apply what they have learned.
Next, we will discuss health care organizations in detail. We will consider both governmental health care organizations and nongovernmental health care organizations. The course will present example problems and will then provide practice Excel worksheet and step by step instructional videos so learners can apply what they have learned.
Who this course is for:
- Accounting professionals seeking to specialize in not-for-profit accounting and broaden their knowledge of accounting principles and practices in the sector.
- Finance professionals working in not-for-profit organizations who want to enhance their understanding of financial reporting and compliance requirements.
- Non-profit managers and executives responsible for financial oversight and decision-making, aiming to develop a strong foundation in not-for-profit accounting.
- Students pursuing degrees in accounting, finance, or related fields, who wish to gain specialized knowledge in not-for-profit accounting.
- Board members and volunteers involved in the governance and financial management of not-for-profit organizations.
- Consultants and advisors serving not-for-profit organizations, aiming to deepen their expertise and provide comprehensive financial guidance.
- Individuals interested in the not-for-profit sector, seeking to understand the unique financial challenges and considerations specific to these organizations.
