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Fiscally Sound: What non-accountants need to know about nonprofit financial statements

September 14, 2017 @ 9:00 am - 12:00 pm

$55 for Members / $75 for Nonmembers

Instructor: Jeffrey McCaffrey

This workshop explains the core accounting and financial reporting issues applicable to all nonprofit organizations. It is designed to be a basic-level introduction to understanding basic financial statement issues.

Topics covered include:
• Defining the statements of financial position, activities, cash flows, functional expenses and notes to financial statements.
• Defining assets, liabilities, net assets, revenues and expenses
• Understanding the 3 different levels of financial statements (audit, review, compilation)
• Basis of accounting (accrual, cash, modified cash, tax, regulatory)
• Basic items to look for in reading financial statements
• Definitions of temporarily and permanently restricted net assets
• Accounting for contributions received
• Reporting expenses by their functional classification
• Audit requirements for non-profit organizations

At least some of these issues most likely apply to every nonprofit organization. If these are the issues that concern you, there are specific accounting standards to be followed to properly record and disclose these items in your financial statements. We encourage participants to ask questions about their organization’s specific accounting and reporting issues for these topics discussed.

This is a highly rated annual event for board members, executives, managers, and senior staff.

Full participation in this workshop is applicable for 3.3 CPE under KY CPA credit.

This workshop is eligible for a Certification and 20% off if you take both this workshop and the following workshop on September 29. Please contact Darlene Whitney to take advantage of this discount!


September 14, 2017
9:00 am - 12:00 pm
$55 for Members / $75 for Nonmembers


Center for Nonprofit Excellence


Center for Nonprofit Excellence, 2nd Floor Community Room
323 West Broadway
Louisville, KY 40202 United States
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