This course discusses generally accepted accounting principles (GAAP) as they apply to not-for-profit entities (NFPs). Specifically, the course will provide information about the sections of the FASB Accounting Standards Codification® (ASC) that should be applied to NFPs. This course discusses generally accepted accounting principles (GAAP) as they apply to not-for-profit entities (NFPs). Specifically, FASB *Accounting Standards Codification*® (ASC) Topic 958 contains incremental industry-specific guidance that NFPs should follow in addition to all other relevant guidance contained in other FASB ASC topics that do not conflict with FASB ASC 958. Additionally, nonauthoritative sources are addressed to the extent that they enhance understanding of the application of GAAP and provide context. 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 - Introduction to accounting topics that apply to Not-for-Profit Entities - Accounting and financial reporting issues - Authoritative and nonauthoritative guidance Learning Outcomes - Recognize accounting and reporting practices unique to NFPs. - Identify the NFP industry-specific guidance in the FASB ASC. - Recall the importance and use of nonauthoritative guidance.