This course discusses accounting for liabilities of not-for-profit entities (NFPs). Donors, creditors, constituents, and other users of an NFP's financial statements use the information about the organization's liabilities to analyze an NFP's liquidity and sustainability. Many obligations of NFPs are similar to those of for-profit entities. However, because of NFPs' role in providing societal benefits and their tax-exempt status, there are some unique aspects to the liabilities of NFPs. Therefore, accurate reporting of liabilities is essential to the overall picture of an NFP's financial health. This course provides an overview of the unique aspects of NFP liabilities, both short and long-term. Who Will Benefit - New accountants interested in the basics of accounting and financial reporting requirements that apply to not-for-profit entities. - Experienced accountants that are new to the not-for-profit industry or are in need of a refresher on the basics of accounting and financial reporting requirements that apply to not-for-profit entities. Key Topics - Common liabilities - Accounting for an NFP's debt - Financial statement presentation and disclosures required for an NFP's liabilities. Learning Outcomes - Identify liabilities common to NFPs. - Recall the accounting for an NFP's debt. - Recognize the financial statement presentation and disclosures required for an NFP's liabilities.