This course covers the basics of financial statement presentation for not-for-profit entities (NFPs). This course covers the basics of financial statement presentation for not-for-profit entities (NFPs). A complete set of NFP financial statements includes: - Statement of financial position - Statement of activities - Statement of cash flows - Accompanying notes to the financial statements In addition, this course covers the requirement to report all expenses by nature and function in one location — on the face of the statement of activities, as a schedule in the notes to financial statements, or in a separate financial statement. The course also includes illustrative financial statements for a fictional NFP. 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 - Statement of financial position - Statement of activities - Statement of cash flows - Accompanying notes to the financial statements Learning Outcomes - Identify the basic financial statements prepared by NFPs. - Recognize components of a statement of financial position. - Recognize components of a statement of activities. - Recognize components of a statement of cash flows. - Recognize components of a statement of functional expenses. - Identify unique NFP disclosure requirements.