Accounting & Internal Controls for Nonprofits


Nonprofit organizations have special needs and requirements when it comes to accounting and internal controls. This seminar gives you the skills to handle not-for-profit accounting and reporting requirements and deals with the most recent changes affecting these organizations. You will:

  • Review internal controls
  • Understand new guidance on financial statement requirements
  • Get updated on current and proposed tax and other regulations affecting NPOs



To give financial professionals who serve nonprofit organizations an overview of, and an update on, the accounting and reporting rules that directly impact not-for-profits. You’ll understand how internal controls requirements apply to your organization and you’ll learn about the financial accounting and taxation issues most commonly encountered by non-profit organizations.

  • Types, goals and characteristics of not-for-profits
  • Budgeting and internal controls, including programmatic and financial oversight
  • Working with boards of directors
  • Ethics and fraud issues
  • Risk management
  • Review and update of NPO accounting (ASC 958)
  • Revised guidance for NPO financial statements and treatment of Net Assets
  • Impact of new revenue recognition and lease rules on NPOs
  • New guidance on investment valuation and disclosures
  • Special NPO accounting and audit concerns
  • Recent guidance on consolidations and goodwill
  • FASB Simplification Initiative
  • Status of FASB’s NPO Project

Basic knowledge of financial accounting and reporting.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: