Not-for-Profit Accounting-Charities, Colleges, & Health Care

Not-for-Profit Accounting-Charities, Colleges, & Health Care

Not-for-Profit Accounting-Charities, Colleges, & Health Care

Learn Not-for-Profit accounting from a practicing CPA

Language: english

Note: 4.6/5 (88 notes) 34,583 students

Instructor(s): Robert (Bob) Steele

Last update: 2019-09-12

What you’ll learn

  • The definition of a not for profit organization
  • The difference between a governmental not for profit and nongovernmental not for profit. Our primary focus is on nongovernmental not for profits. However we will discuss accounting for governmental health care and colleges
  • How to set up a not for profit organization
  • Regulations, taxation, and performance issues related to not for profit organizations
  • Learn how to record accounting transactions related to not for profit organizations with example problems and step by step demonstrations that include a trial balance
  • Accounting for colleges and universities, both governmental and nongovernmental. We will also discuss for profit colleges
  • Learn accounting related to health care organizations, both governmental and nongovernmental not for profit

 

Requirements

  • It would be best for students to have some understanding of the double entry accounting system. We will be comparing not for profit accounting to for profit accounting and emphasizing the differences. If you are not familiar with accrual accounting concepts, we do have accounting courses on them.

 

Description

Not for Profit Accounting-Charities, Colleges, & Health Care will cover accounting principles related to not for profit organizations.

Our concentration will be on nongovernmental not-for-profit organizations. However, we will discuss the differences between nongovernmental not for profit organization and governmental not-for-profit organizations. We will also discuss accounting concepts for both governmental and nongovernmental organizations related to health care and colleges.

The course will start by introducing what a not for profit organization is. We will discuss regulation, taxation, and performance issues related to the not for profit organization. As we discuss accounting for not for profit organization, we will make comparisons to for profit organizations, concentrating most of our time on the areas where accounting concepts differ between the two.

Next, we will get into the details of accounting for not for profit organizations, discussing generally accepted accounting principles and the recording of transactions.

We will then take a look at example problems, recoding transactions related to a not for profit organization. We will work through example problems in a presentation format. We will then provide Excel worksheets and step by step instructional videos for learners to apply what they have learned. The Excel worksheets will include two tabs, one with the completed answer, and a second with preformatted worksheets. Learners can enter data into the preformatted worksheets in a step by step process following instructional videos.

Next, we will discuss colleges and universities in detail. We compare and contrast governmental not-for-profit colleges and universities as well as nongovernmental not-for-profit colleges. We will also discuss for-profit colleges.

The course will present example problems in a presentation format and will then provide Excel worksheet and instructional videos so that learners can apply what they have learned.

Next, we will discuss health care organizations in detail. We will consider both governmental health care organizations and nongovernmental health care organizations. The course will present example problems and will then provide practice Excel worksheet and step by step instructional videos so learners can apply what they have learned.

 

Who this course is for

  • Anyone working or planning to work for a not for profit
  • Accounting students
  • CPA candidates

 

Course content

  • Introduction
    • Introduction
    • PDF – 106 Governmental Accounting vs Not-For-Profit Accounting
    • 106 Governmental Accounting vs Not-For-Profit Accounting
    • PDF – 107 Does Non-Profit Mean Money Does Not Matter
    • 107 Does Non-Profit Mean Money Does Not Matter
    • Accounting Comic Break
  • Regulation, Taxation, and Performance
    • 2 Regulation, Taxation, and Performance
    • PDF – 13100 Not for Profit Definition, Organization Forms, & Set Up Process
    • 13100 Not for Profit Definition, Organization Forms, & Set Up Process
    • PDF – 13110 Tax Exempt Status & Federal Regulations
    • 13110 Tax Exempt Status & Federal Regulations
    • Accounting Comic Break
  • Accounting for Not-for-Profits
    • 3 Accounting for Not-for-Profits
    • PDF – 14110 GAAP for Nongovernmental NFP
    • 14110 GAAP for Nongovernmental NFP
    • PDF – 14120 Financial Reporting Nongovernmental NFP
    • 14120 Financial Reporting Nongovernmental NFP
    • PDF – 14130 Contributions Nongovernmental NFP
    • 14130 Contributions Nongovernmental NFP
    • PDF – 14140 Accounting for Expenses Nongovernmental NFP
    • 14140 Accounting for Expenses Nongovernmental NFP
    • PDF – 14150 Joint Costs of Fund-Raising Nongovernmental NFP
    • 14150 Joint Costs of Fund-Raising Nongovernmental NFP
    • PDF – 14160 Restricted Assets & Investments Nongovernmental NFP
    • 14160 Restricted Assets & Investments Nongovernmental NFP
    • PDF – 14170 Collections Nongovernmental NFP
    • 14170 Collections Nongovernmental NFP
    • Accounting Comic Break
  • Example Problems – Accounting for Not-for-Profits
    • 4 Example Problems – Accounting for Not-for-Profits
    • PDF – 14251 Example Problem Not-for-Profit Organization With One Program
    • 14251 Example Problem Not-for-Profit Organization With One Program
    • PDF – 14523 Example Problem Not-For-Profit Two Programs Craft-Part 1-Transaction
    • 14523 Example Problem Not-For-Profit Two Programs Craft-Part 1-Transactions
    • PDF – 14523 Part 2 Example Problem Expense Allocation by Function
    • 14523 Part 2 Example Problem Expense Allocation by Function
    • PDF – 14523 Part 3 Example Problem Closing Entries
    • 14523 Part 3 Example Problem Closing Entries
    • PDF – 14523 Part 4 Example Problem Statement of Financial Position
    • 14523 Part 4 Example Problem Statement of Financial Position
    • PDF – 14523 Part 5 Example Problem Statement of Activities
    • 14523 Part 5 Example Problem Statement of Activities
    • Excel Download
    • 14nd not-for-profit organization with one program
    • Excel Worksheet Download
    • 14nn Not-For-Profit Part 1 Transactions
    • 14nn Not-For-Profit Part 2 Expense Allocation
    • 14nn Not-For-Profit Part 3 Closing Entries
    • 14nn Not-For-Profit Part 4 Statement of Financial Position
    • 14nn Not-For-Profit Part 5 Statement of Activities
    • 14nn Not-For-Profit Part 6 Statement of Cash Flows
    • 14nn Not-For-Profit Part 7 Reporting of Expenses by Nature and Function
    • Accounting Comic Break
  • Colleges & Universities
    • 5 Colleges & Universities
    • 15110 Colleges And Universities
    • PDF – 15120 Colleges And Universities Loan Assets
    • 15120 Colleges And Universities Loan Assets
    • PDF – 15130 Capital Assets, Intangible Assets, & Infrastructure Assets
    • 15130 Capital Assets, Intangible Assets, & Infrastructure Assets
    • PDF – 15140 Liabilities Deposits Held in Custody of Others
    • 15140 Liabilities Deposits Held in Custody of Others
    • PDF – 15150 Net Assets vs Net Position Operating Statements
    • 15150 Net Assets vs Net Position Operating Statements
    • PDF – 15160 Tuition and Fees
    • 15160 Tuition and Fees
    • PDF – 15170 Contributions
    • 15170 Contributions
    • PDF – 15180 Grants and Expense
    • 15180 Grants and Expenses
    • PDF – 15190 Statement of Cash Flows
    • 15190 Statement of Cash Flows
    • Accounting Comic Break
  • Example Problems – Private College
    • 6 Example Problems – Private College
    • PDF – 15515 Part 1 Example Problem Private College – Transactions
    • 15515 Part 1 Example Problem Private College – Transactions
    • PDF – 15515 Part 2 Example Problem Private College – Transactions
    • 15515 Part 2 Example Problem Private College – Transactions
    • PDF – 15515 Part 3 Example Problem Private College Closing Entries
    • 15515 Part 3 Example Problem Private College Closing Entries
    • PDF – 15515 Part 4 Example Problem Private College Statement of Financial Positi
    • 15515 Part 4 Example Problem Private College Statement of Financial Position
    • PDF – 15515 Part 5 Example Problem Private College Statement of Financial Positi
    • 15515 Part 5 Example Problem Private College Statement of Financial Position
    • PDF – 15518 Part 1 Example Problem Private College # 2 Transactions
    • 15518 Part 1 Example Problem Private College # 2 Transactions
    • PDF – 15518 Part 2 Example Problem Private College # 2 Transactions Part 2
    • 15518 Part 2 Example Problem Private College # 2 Transactions Part 2
    • PDF – 15518 Part 3 Example Problem Private College #2 Closing Entries
    • 15518 Part 3 Example Problem Private College #2 Closing Entries
    • PDF – 15518 Part 4 Example Problem Private College # 2 Statement of Activities
    • 15518 Part 4 Example Problem Private College # 2 Statement of Activities
    • Excel Worksheet Download
    • 15df Not-for-Profit Organization 2 Part 1 – Transactions
    • 15df Not-for-Profit Organization 2 Part 2 – Transactions
    • 15df Not-for-Profit Organization 2 Part 3 – Closing Entries
    • 15df Not-for-Profit Organization 2 Part 4 – Statement of Activities
    • Excel Worksheet Download
    • 15dk Not for Profit Private College Prart 1 Transactions
    • 15dk Not-for-Profit Private College Prart 2 Transactions
    • 15dk Not-for-Profit Private College Prart 3 Closing Entries
    • 15dk Not-for-Profit Private College Prart 4 Statement of Financial Position
    • 15dk Not-for-Profit Private College Prart 5 Statement of Activities
    • Accounting Comic Break
  • Example Problems Public University
    • 7 Example Problems Public University
    • PDF – 15519 Part 1 Example Problem Public University-Part 1 Transactions
    • 15519 Part 1 Example Problem Public University-Part 1 Transactions
    • PDF – 15519 Part 2 Example Problem Public University Transactions
    • 15519 Part 2 Example Problem Public University Transactions
    • PDF – 15519 Part 3 Example Problem Public University-Closing Entries
    • 15519 Part 3 Example Problem Public University-Closing Entries
    • PDF – 15519 Part 4 Example Problem Public University Statement of Net Position
    • 15519 Part 4 Example Problem Public University Statement of Net Position
    • Excel Worksheet Download
    • 15dp Public University Part 1 – Transactions
    • 15dp Public University Part 2 – Transactions
    • 15dp Public University Part 3 – Closing Entries
    • 15dp Public University Part 4 – Statement of Net Position
    • Accounting Comic Break
  • Heath Care Organizations
    • 8 Heath Care Organizations
    • PDF – 16110 Health Care Organization Classifications
    • 16110 Health Care Organization Classifications
    • PDF – 16120 Health Care Authoritative Sources & Financial Statement
    • 16120 Health Care Authoritative Sources & Financial Statement
    • PDF – 16130 Assets Health Care
    • 16130 Assets Health Care
    • PDF – 16140 Revenue
    • 16140 Revenue
    • PDF – 16150 Donated Materials And Services
    • 16150 Donated Materials And Services
    • PDF – 16160 Expenses
    • 16160 Expenses
    • PDF – 16170 Statement of Changes In Net Assets
    • 16170 Statement of Changes In Net Assets
    • PDF – 16180 Statement of Cash Flows
    • 16180 Statement of Cash Flows
    • Accounting Comic Break
  • Example Problems Governmental Hospital
    • 9 Example Problems Governmental Hospital
    • PDF – 16522 Part 1 Example Problem Hospital Transactions
    • 16522 Part 1 Example Problem Hospital Transactions
    • PDF – 16522 Part 2 Example Problem Hospital Transactions
    • 16522 Part 2 Example Problem Hospital Transactions
    • PDF – 16522 Part 3 Example Problem Hospital Closing Entries
    • 16522 Part 3 Example Problem Hospital Closing Entries
    • Excel Worksheet Download
    • 16nn Hospital Part 1 Transactions
    • 16nn Hospital Part 2 Transactions
    • 16nn Hospital Part 3 Closing Entries
    • Accounting Comic Break
  • Example Problem Not-for-Profit Hospital
    • 10 Example Problem Not-for-Profit Hospital
    • PDF – 16525 Part 1 Example Problem Not-for-Profit Hospital Transactions
    • 16525 Part 1 Example Problem Not-for-Profit Hospital Transactions
    • PDF – 16525 Part 2 Example Problem Not-for-Profit Hospital Part 2 Closing Entrie
    • 16525 Part 2 Example Problem Not-for-Profit Hospital Part 2 Closing Entries
    • PDF – 16525 Part 3 Example Problem Not-for-Profit Hospital Balance Sheet
    • 16525 Part 3 Example Problem Not-for-Profit Hospital Balance Sheet
    • PDF – 16525 Part 4 Example Problem Not-for-Profit Hospital Part 4 Statement of O
    • 16525 Part 4 Example Problem Not-for-Profit Hospital Part 4 Statement of Operati
    • PDF – 16525 Part 5 Example Problem Not-for-Profit Hospital Statement of Changes
    • 16525 Part 5 Example Problem Not-for-Profit Hospital Statement of Changes in Net
    • PDF – 16525 Part 6 Example Problem Not-for-Profit Hospital Statement of Cash Flo
    • 16525 Part 6 Example Problem Not-for-Profit Hospital Statement of Cash Flows
    • Excel Worksheet Download
    • 16nr Not-for-Profit Hospital Part 1 – Transactions
    • 16nr Not-for-Profit Hospital Part 2 – Transactions
    • 16nr Not-for-Profit Hospital Part 3 – Closing Entries
    • 16nr Not-for-Profit Hospital Part 4 – Balance Sheet
    • 16nr Not-for-Profit Hospital Part 5 – Statement of Operations
    • 16nr Not-for-Profit Hospital Part 6 – Statement of Changes in Net Assets
    • 16nr Not-for-Profit Hospital Part 7 – Statement of Cash Flows
    • Accounting Comic Break

 

Not-for-Profit Accounting-Charities, Colleges, & Health CareNot-for-Profit Accounting-Charities, Colleges, & Health Care

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