Accounting For Not-for-Profit Organizations

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Luntadila Paulo, CPA, MBA

2:24:11

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1. Course Administration

1. Course Introduction.mp4

03:28

2. Learning Objectives and Target Groups.mp4

03:52

3. Workbook Walkthrough.mp4

05:47

4. Course Files and Additional Resources.mp4

02:24

5.1 FY21-Red-Cross-Form-990.pdf

5.2 FY21-RedCross-Audited-Financial-Statement.pdf

5.3 NFP Accounting - Story.pdf

5.4 NFP Accounting Course Presentation.pdf

5.5 Nonprofit-impact-matters-infographic-sept-2019.pdf

5.6 Nonprofit-impact-matters-sept-2019-1.pdf

5.7 Sector-health-q1-2022 v3.pdf

5. Course Overview and Course Resources.mp4

00:59

6. Instructor Background.html

2. NFP Environment

1. Definitions Whats a NFP Organization.mp4

03:56

2. Define NFP organization and Give 3 examples.html

3. NFP vs. For-profit Organizations.mp4

05:00

4. Key Stats of the NFP Sector.mp4

06:17

5. Exampe of NFP Organizations.html

6. Key Players in the NFP Environment.mp4

04:58

7. Major Classifications (Groups).mp4

06:19

8. NFP Life Cycle.mp4

03:24

9. NFP Compliance.mp4

03:50

10. ALERT Fundraising.mp4

03:47

3. NFP Bookkeeping & Financial Reporting

1. Goals of Financial Reporting in NFP Organizations.mp4

05:55

2. Recap of General Financial Statements.mp4

02:45

3. Comprehensive Example of Financial Statements with Red Cross.mp4

08:05

4. Extra Bookkeeping & Recordkeeping Tips.html

4. Case Study Great Me NFP

1. Forming a NFP Organization.mp4

04:44

2. Accounting Process Simulation.mp4

07:32

3. Entries for Initial Operating Expenses.mp4

08:29

4. Fundraising Event Entries.mp4

07:09

5. Cash Contribution Received and Contribution Receivable Entries.mp4

06:59

6. Additional Operating Expenses and Payables Entries.mp4

06:30

7. Salary Expenses Payment.mp4

05:46

8. December Entries.mp4

14:59

9. End of the Year Checks.mp4

09:02

5. Final Thoughts & Continuing Education

1.1 CLEAN Workbook.pdf

1. CLEAN Workbook PDF.mp4

01:24

2.1 SOLVED Workbook.pdf

2. SOLVED Workbook PDF.mp4

00:51

Description

Tool For Accountability and Transparency

What You'll Learn?

Gain an understanding of the NFP industry landscape
Learn the difference between for-profit vs. NFP organizations
Explore the universe of NFP orgs and how they are organized
Understand how NFP entities life cycle from formation to dissolution, as well as their compliance requirements
Explore the accounting process and cycle for NFP orgs

Who is this for?

Not-for-profit executives and directors, and board members

Not-for-profit accountants, bookkeepers, and advisors

Individuals interested in launching not-for-profit organizations

Not-for-profit donors

Individuals and organizations seeking to hold their favorite NFP organizations accountable

What You Need to Know?

Basic understanding of general accounting

Basic understanding of accounting software and or Microsoft Excel

Basic knowledge of accounting and tax research

More details

Description
This course provides individuals and organizations insights about the not-for-profit sector and guides them through the accounting process of these organizations. Individuals from various backgrounds would benefit from this course. Not-for-profit leaders, board members, and executives will be empowered to understand their organizations' finances. These in return will allow them to properly make better decisions to continue serving their target communities. Donors and members of the community would benefit from this course as it helps them hold the organizations they love and support accountable as well as assess not-for-profit managers' performance and stewardship of the recourses under their management.
Throughout this course, we lay the building blocks by defining not-for-profit organizations, and how they differ from for-profit organizations. Then, we navigate their life cycle to reviewing key components of financial reports in not-for-profit organizations Furthermore, we expand on our analysis by looking into an actual organization and how they present their financial information to the public.
Lastly, we use a fictitious organization to illustrate the formation and accounting process for a not-for-profit organization. We navigate key transactions, journal entries, and main financial reports. As additional steps, the course presents best practices in the documentation, creation, and organization of accounting records.
Welcome to Not-For-Profit Accounting!
Who this course is for:
Not-for-profit executives and directors, and board members
Not-for-profit accountants, bookkeepers, and advisors
Individuals interested in launching not-for-profit organizations
Not-for-profit donors
Individuals and organizations seeking to hold their favorite NFP organizations accountable

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Accounting

Luntadila Paulo, CPA, MBA

Instructor's Courses

Luntadila Paulo, an immigrant from Angola, is a pan-African, global citizen, and entrepreneur. He founded Yeto Accounting and Tax PLLC in 2019 to help small business owners minimize their tax burden legally and ethically while assisting them in building their net worth. Since then, Paulo has helped hundreds of taxpayers save money on taxes, gain confidence with their finances, start a journey to build wealth, and lead a life free of fear of the IRS.Paulo’s professional experience also includes consulting, accounting and assurance, fund administration, and investment banking. Paulo had financial reporting responsibility for more than 12 funds with a combined asset under management (AUM) above $5 billion, managed deal flow totaling over $90 million in capital raising efforts, and oversaw M&A transactions with more than $100 million in enterprise value.He has an MBA from Eastern Illinois University and a bachelor's degree in accounting from Michigan State University. Paulo is a Certified Public Accountant (CPA), and he has Series 79 and 63 accreditations. Paulo is a member of the American Institute of Certified Public Accountants (AICPA), and the Michigan Association of CPAs.In his free time, Paulo enjoys creating educational content (Udemy Courses), cooking, and playing soccer.

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