Nonprofit Accounting Overview for Accountants


Nonprofit Accounting Overview for Accountants

A key difference in for-profit and nonprofit accounting is the concept of fund accounting, which focuses on accountability and stewardship rather than profitability. This accounting framework enables these organizations to separate resources into various accounts in order to identify individual sources of funds and their use. A specialized financial software for nonprofits and churches can be a dynamic tool, and often requires the assistance of an accountant to configure correctly. This webinar serves as an in-depth guide on how you can use fund accounting to fit the accounting structure of your nonprofit clients, including chart of accounts set-up, and nonprofit-specific financial reporting. This session is ideal for professional accountants and bookkeepers who are considering a fund accounting software to manage their clients needs.

Instructor Alex Acree, Head of the Customer Services Department of Aplos Software, has worked with hundreds of nonprofits and churches in setting up their accounts and building the reports they require. He will give a detailed lesson on how to accomplish this for your nonprofit and church clients.

Learning Objectives:

  • Understand basic fund accounting principles and practical application
  • Create common chart of accounts structures for nonprofit and churches and understand customization options
  • Understand specialized nonprofit financial reporting, including generating a Form 990 report

Instructor: Alex Acree, Head of Customer Services of Aplos Software

Standards for CPE Program Presentation

Instructional delivery methods: Group Internet Based
Field of Study Category: Computer Software & App
CPE Credit: 1 credit
Prerequisites: None
Program level: Basic
Advance preparation: None required
CPE Credit Basis: In accordance with the standard of the National Registry for CPE Sponsors, CPE credit are granted based on a 50-minute hour. (Must attend live webinar to receive credit)

Program Content Updated: 1/15/18

CPE Credit Eligibility Statement

Aplos Software is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Requirements for CPE Credit

Continuing education credits for webinars delivered in real-time can only be awarded to participants who have registered for and are logged in to the webinar as themselves, participated during the webinar, and submitted the evaluation form upon webinar completion. In the event of a technical failure and these requirements are not met, CPE credit will not be able to be issued.

 

Complaint Resolution
If registered attendees have complaints or concerns about the webinar or their CPE certificate, submit these inquiries to the Aplos education coordinator at marketing@aplos.com. Complains or concerns by registered attendees will be responded to within three business days.

Cancellations
In the event of any date or time scheduling changes or cancellations made to a webinar, an email will be sent to all registered attendees prior to the time of the webinar.

Refund Policy
All group internet-based courses are offered at no charge and as such are not eligible for exchange for cash value or refund.

Megan, the wearer of all hats at Aplos, helps lead the marketing department in Email Marketing, Customer Appreciation, Public Relations, stocking the office fridge, and reveling in her title as Head Lunch Decision Maker for staff lunches. She has a passion for helping others and has a special place in her heart for making others feel appreciated. In her spare time she enjoys torturing her significant other with more DIY projects, writing fiction, reading, and binge watching Netflix.

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