June 17, 2025


Webcast Replay


1.4 CPE

Common Accounting/Reporting Errors for NP

June 17, 2025
Webcast Replay
1.4 CPE

Common Accounting/Reporting Errors for NP

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    Instructor

    Mark
    Robins

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Learning Objectives

Upon completion of this course, participants will be able to:

  • Identify frequent accounting and financial reporting errors specific to nonprofit organizations.
  • Distinguish between net assets with and without donor restrictions and recognize misclassifications.
  • Apply appropriate revenue recognition principles to grants and contributions.
  • Evaluate the proper tracking and use of restricted funds in accordance with donor intent and accounting standards.
  • Assess expense allocation methods and understand how to correctly report functional expenses.
  • Detect common disclosure issues and implement best practices for transparent financial statement presentation.
  • Interpret the implications of Uniform Guidance on nonprofit financial reporting and compliance.

Major Topics

  • Overview of nonprofit financial reporting requirements
  • Common misclassifications of net assets (with and without donor restrictions)
  • Revenue recognition issues (conditional vs. unconditional contributions)
  • Grant tracking and release of restrictions
  • Inappropriate allocation of expenses and functional expense reporting
  • Presentation and disclosure errors in financial statements
  • Board-designated net assets vs. donor restrictions
  • Risks in accounting for donated services and goods
  • Pitfalls in tracking restricted contributions and expenditures
  • Uniform Guidance compliance challenges

CPE Credits Available

1.4 CPE
1.4
Accounting (Governmental)

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Nonprofit / Not-For-Profit
  • Accounting & Auditing
  • Auditing

Provider

*Maryland

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