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Nonprofit Accounting: What You Need to Know, by Lorman

Nonprofit Accounting: What You Need to Know is brought to you by Lorman

Elevate your understanding of nonprofit financial reporting concepts so that you can better assess the overall financial health of a nonprofit organization.

Many stakeholders and leaders within nonprofit organizations need to understand the financial reporting but struggle with the complexities and differences when compared to for-profit organizations. This topic will elevate your understanding of nonprofit financial reporting concepts so that you can assess the overall financial health of a nonprofit organization and have a better understanding of how your financial statements are evaluated by board members, granting agencies, foundations, other donors and the public. This information will help you to review financial reporting with an elevated understanding; to discuss basic nonprofit accounting and reporting concepts; and to perform and apply nonprofit financial statement analysis.

Learning Objectives

  • You will be able to recognize how Generally Accepted Accounting Principles (GAAP) affect financial reporting.
  • You will be able to differentiate between various financial statements.
  • You will be able to differentiate between expenses and how they impact the financial statements.
  • You will be able to identify financial ratios to help determine the financial health of an organization

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