This course provides guidance in how to create and operate a nonprofit accounting system, close the books, and produce financial statements – all while operating in accordance with the unique nonprofit accounting standards.
Coverage of accounting standards includes revenue recognition, joint costs, split-interest agreements, and mergers and acquisitions. The course also describes detailed systems of control, budgeting, and ratio analysis to maintain a proper level of control over funds.
Course level: Basic. Prerequisites: None.
Course includes integrated text and study guide, final exam and grading service.
NASBA field of study: Accounting Course credit: 16 hours