Earn your Certificate of Completion in Not-for-Profit Financial Management

The AICPA 40-hour CPE course is the perfect way to set yourself apart from other not for profits in your area. With classes that cover all of these essentials, including accounting and financial reporting as well as tax compliance or governance & assurance, you will be able to provide a seamless service at an affordable price!

After completing this course, you will

- You will be able to manage the financials of your nonprofit better.
- The program is comprehensive and covers a variety of topics.
- You will be able to make a real difference in the world with your nonprofit.
- You will have the skillset needed to ensure that your nonprofit is run efficiently and effectively.
- The program is flexible and can be done anywhere, anytime.
- You will be able to set yourself apart from other professionals in the field.

Course eligibility

The course is open to anyone. Its recommend to have prior knowledge of the not-for-profit industry.

Course access and duration (Read the FAQ's below for detailed information)

Course access is one year from date of activation
Course duration is approximately 40 hours. You will get the study materials from AICPA via the AICPA learning platform in 1-2 working days.
Post completion of the course, you will receive the Digital Badge (refer FAQ's below for further details)

Course case studies and testimonials

The AICPA NFP 1 is the winner of Accounting Today's Best New Products award. The interactive problem-solving and real-world examples in this program will have you on the path to success.

Read more about practical case studies and testimonials.

Courses included in this program

Not-for-Profit Entity Overview

Accounting and Financial Reporting Track

GAAP for NFPs
Financial Statement Presentation
Net Assets
Exchange and Agency Transactions
Revenue from Contributions
Assets
Programmatic Investments
Fair Value Issues Specific to NFPs
Expenses
Investments
Split Interest Agreements and Endowments
Liabilities

Tax Compliance Track

Tax Exempt Status
Unrelated Business Income Tax
Introduction to Form 990
Private Foundations
Federal and State Filing Requirements

Not-for-Profit Governance and Assurance Track

Best Practices in Board Governance
Risk Assessment and Internal Controls
Fraud Overview and Prevention
Planning the Audit Engagement
Financial Oversight, Budget and Strategy
Auditing Considerations

Key Topics

Introduction to accounting topics that apply to Not-for-Profit Entities
Accounting and financial reporting issues
Tax compliance considerations, including fully updated information related to the Tax Cuts and Jobs Act
Best practices in governance and assurance

Learning Outcomes

Identify the proper accounting treatment for typical transactions of not-for-profit entities, including the significant changes related to revenue recognition.
Recognize the financial statement presentation and disclosure requirements that apply to not-for-profit entities, including those added or amended under ASU 2016-14.
Identify basic state and federal filing requirements of an exempt organization, recognize the core components of the annual information return Form 990, and identify when an NFP may be subject to unrelated business income tax.
Recognize best practices in NFP board governance, risk assessment and internal controls
Identify steps involved in planning a successful audit engagement and identify key auditing considerations and client communications.

AICPA Non Profit Accounting Certification. Not-for-Profit Certificate I