OBJECTIVE: 
Not-for-profit organizations are becoming more complex as they try new ideas, offer new services and grow in a competitive environment. With this added complexity comes the need to increase and expand financial statement disclosures to ensure the users of the financial statements obtain relevant and valuable information. The course will serve as a comprehensive review of the presentation and disclosure requirements faced by a not-for-profit organization when it applies ASNFPO and relevant ASPE standards. Participants will review examples of disclosures and engage in activities to identify issues and improve disclosures. Different presentation methods (restricted fund vs. deferral method) and the impact on presentation will also be discussed.

Government-controlled NFPOs follow the Public Sector Accounting Standards, that will not be addressed in this seminar.

Professionals at all levels involved in the preparation and review of NFPO financial statements. Government-controlled NFPOs follow the Public Sector Accounting Standards, that will not be addressed in this seminar.

LEARNING OUTCOMES:
By the end of this course, participants will be able to:

• Identify and analyze accounting issues specific to NPOs and determine the appropriate disclosures required
• Identify where policy choice exists and determine the appropriate level of disclosure required to communicate those choices to the user of the financial statements
• Interpret facts and scenarios to determine the appropriate presentation and disclosure

Participants should have completed the seminar NFPO – Review of the Standards or understanding of the CPA Handbook – Accounting Part III with respect to measurement issues.

COURSE LEADER: KIRSTEN ALBO, CPA, CA