Offers interpretations and case studies that will help you learn how to prepare an NFP's statement of activities.
Learning Objectives
Determine how to prepare, in accordance with GAAP, a statement of activities.;Identify the most appropriate financial statement format, considering the complexity of the entity.;Determine the effect of a particular transaction or significant event on the entity's statement activities.;Identify the effect of donor-imposed restrictions on the reporting of revenues in the statement of activities.
Major Topics
Comparative information;Contributions and donor-imposed restrictions;Distinguishing revenues from gains;Expense reporting by function;Net asset classification;Presentation options;Industry best practices
