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

January 30, 2020 @ 9:00 am - 12:00 pm

$55 for Members / $75 for Nonmembers
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Instructor: Jeffrey McCaffrey

This seminar 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 class is applicable for 3.3 CPE under KY CPA credit


CNPE is committed to making our events fully accessible. If you have a disability and require accommodation in order to fully participate in this event, please contact Merv Antonio at (502) 618-5328 or mantonio@cnpe.org. Requests should be made as soon as possible, but at least 1 week prior to the scheduled event.

Register Now


January 30, 2020
9:00 AM - 12:00 PM
$55 for Members / $75 for Nonmembers
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Center for Nonprofit Excellence


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