Course: Not-For-Profit Accounting Refresher

This course is from the 2014/2015 series

This half-day course provides participants with an overview of the accounting standards for not-for-profit organizations (ASNPO) contained in Part III of the CPA Canada Accounting Handbook.

The course is designed to assist those in public practice having not-for-profit clients as well as accountants who work directly with such organizations either as employees or volunteers.

The topics to be discussed during this presentation include:

  • Overview of Accounting Standards for Not-For-Profit Organizations
  • Fund accounting and other general financial statement presentation requirements
  • Accounting for contributions
  • Tangible and intangible capital assets
  • Note disclosure requirements specific to not-for-profit organizations
  • Other highlights from the Part III Handbook
  • Common topics contained in Accounting Standards for Private Enterprises relevant to not-for-profit organizations (e.g financial instruments)
  • Proposed changes to ASNPO

Along with the course materials discussed during the presentation, supplemental reference information will be provided containing a sample set of financial statements prepared using the Part III ASNPO rules.