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Preparing Consolidated Financial Statements: Not-for-Profit Financial Reporting
CPE Self-study

Preparing Consolidated Financial Statements: Not-for-Profit Financial Reporting

Offers examples and case studies that will help you understand when and how to prepare consolidated financial statements.

$47.20 - $69
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Accounting

Level

Intermediate

CPE Credits

1.5

Author(s)

Andrew Prather

Availability

1 year

Product Number

165427

 Business & partner 
Product Details

This video-based CPE course is included in the Not-for-Profit Certificate II Program. It can be purchased individually or as a part of the Not-for-Profit Certificate II - Financial Reporting track.

Many not-for-profits (NFPs) engage in strategic partnerships or ventures with other organizations. Working together, organizations share their strengths and achieve economies of scale. Because these relationships can take many different forms, half the battle is identifying which relationships will require entities to present consolidated financial statements. The other half is applying the unique reporting standards to these transactions to successfully prepare a set of consolidated financial statements.

This CPE course offers you detail-rich examples and case studies that will help you understand when and how to prepare consolidated financial statements. Included in the course resources are two flow charts that will assist in determining if consolidation is required, as well as various financial statement examples.

Note: As of August 1, 2018, course content has been updated to reflect implementation of FASB Accounting Standards Updates (ASUs) effective for most not-for-profit entities for their next financial reporting period, including those related to financial statement presentation (ASU 2016-14) and revenue recognition (ASU 2014-09 and ASU 2018-08).

Key Topics
  • Related-party transactions
  • Controlling interests in other entities
  • Economic interests in other entities
  • Investments in for-profit entities
  • Accounting entries to perform consolidation
  • Consolidating financial statements
  • Note disclosures
Learning Outcomes
  • Understand how a not-for-profit (NFP) entity evaluates another NFP or for-profit entity (FPE) for consolidation.
  • Understand the key requirements for preparing consolidated financial statements in accordance with GAAP.
Credit Info
CPE Credits
Online
1.5
NASBA Field of Study
Accounting
Level
Intermediate
Prerequisites
Intermediate
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Yellow Book Hours
1
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$69.00
AICPA Members
Online
$59.00
NFP Section Members
Online
$47.20

Group ordering for your team

2 to 5 registrants

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6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Instructors
Andrew Prather
CPA
Andrew Prather is an audit shareholder at Clark Nuber P.S. based in the Seattle metro area. He is a leader in the firm's Not-for-Profit Services Group and provides a wide range of not-for-profit organizations with audit and consulting services. Andrew serves as a member of the FASB's Not-for-Profit Advisory Committee and chairs the planning committee for the AICPA's Not-for-Profit Industry Conference. He previously was a member of the AICPA's Not-for-Profit Expert Panel and served on the AICPA's Not-for-Profit Entities Audit & Accounting Guide Revision Task Force and participated in the 2013 overhaul of the AICPA's Not-for-Profit Entities Audit & Accounting Guide. Andrew has served as the chair of the Washington Society of CPA's (WSCPA) Not-for-Profit Committee and co-chair of the WSCPA Not-for-Profit Conference. He is a frequent speaker at conferences, seminars, and webcasts for the AICPA, state CPA societies, and industry groups. Andrew also serves as his firm's Quality Control Director overseeing the firm's audit quality assurance program and serving as a technical resource to the firm's professional staff.
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Preparing Consolidated Financial Statements: Not-for-Profit Financial Reporting
Select from the following options:
Online
$69.00
Nonmember Price
$69.00
Price excluding sales tax
$69.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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