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NFP Accounting Fundamentals

Session Date: 
Jun 21, 2017 - 8:00am–9:40am

Session Tracks:

  • Accounting & Auditing
  • Yellow Book

This session will introduce attendees to the financial statements and unique accounting principles applicable to not-for-profit organizations. Specifically, this session will focus on the typical transactions and account balances unique to NFPs, including, net assets, agency transactions, contributions, grants, endowments and programmatic investments.

  • Identify the financial statements, including their required elements, for NFPs
  • Describe the unique accounting principles and transactions applicable to NFP organizations
  • Explain how the financial statements of NFPs can be used to assess financial strength, performance and achievement toward mission

Field of Study:

  • Accounting

Session Type:

  • Precon-Workshop

Speakers

Title Speaker Details Session ID
Dennis Morrone CPA, Grant Thornton LLP, Partner 102, 14
Melissa Galasso CPA, CGMA, Cherry Bekaert LLP, Senior Manager, Audit Professional Practices 102, 30, UP4