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