Master ASC 958: Apply & Analyze Not-for-Profit Reporting

This course is part of US GAAP Accounting & Financial Reporting Mastery Specialization

Instructor: EDUCBA

Included with

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2 modules

Gain insight into a topic and learn the fundamentals.

4 hours to complete

Flexible schedule

Learn at your own pace

2 modules

Gain insight into a topic and learn the fundamentals.

4 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Interpret ASC 958 and ASU 2016-14 to classify net assets and expenses.
Apply liquidity disclosures and reporting to nonprofit financials.
Evaluate compliance, transparency, and comparability in nonprofit reporting.

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

8 assignments

Taught in English

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This course is part of the US GAAP Accounting & Financial Reporting Mastery Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

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Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 2 modules in this course

By the end of this course, learners will be able to interpret ASC 958 reporting standards, classify net assets under ASU 2016-14, analyze functional and natural expenses, evaluate liquidity disclosures, and apply practical examples to prepare transparent financial statements for not-for-profit entities. This course equips professionals with the tools to enhance compliance, improve comparability, and strengthen financial decision-making in nonprofit organizations.

Learners will benefit from clear, step-by-step coverage of both foundational and advanced aspects of ASC 958, supported by practical illustrations from recent Accounting Standards Updates. The course uniquely bridges conceptual guidance with real-world applications, helping accountants, auditors, and finance leaders confidently navigate nonprofit reporting challenges. With a focus on clarity, transparency, and compliance, this program empowers participants to transform complex standards into actionable financial insights.

This module introduces the foundational principles of ASC 958 for not-for-profit entities, focusing on financial statement presentation, classification of net assets, and key accounting updates. Learners will explore the evolution of reporting standards and apply examples from ASU 2016-14 to understand how financial statements are structured for clarity and transparency.

What's included

9 videos4 assignments

9 videos Total 59 minutes

Introduction to ASC 958 Not for Profit Entities 8 minutes
ASU 2012-05 Statement of Cash Flows 1 minute
Services Received From Personnel of an Affiliate 9 minutes
Presentation of Financial Statements 4 minutes
Net asset Classification 7 minutes
ASU 2016-14 - Example 1 7 minutes
ASU 2016-14 - Example 2 6 minutes
ASU 2016-14 - Example 2 Continues 6 minutes
Underwater Endowments 11 minutes

4 assignments Total 60 minutes

Introduction & Core Concepts 10 minutes
Presentation & Classification Essentials 10 minutes
Practical Applications of ASC 2016-14 10 minutes
Graded - Foundations of Not-for-Profit Reporting 30 minutes

This module covers advanced reporting practices and disclosure requirements under ASC 958. Learners will examine specialized reporting approaches, analyze expense classifications, assess liquidity disclosures, and evaluate detailed examples of ASU 2016-14 to ensure compliance and enhance decision-usefulness of financial statements.

What's included

9 videos4 assignments

9 videos Total 54 minutes

Placed in Service Approach 7 minutes
Statement of Cash Flow 7 minutes
Net Investment Returns 3 minutes
Analysis of Expense by Nature and Function 7 minutes
Analysis of Expense by Nature 3 minutes
Available Resources and Liquidity 4 minutes
ASU 2016-14 Example - 3 6 minutes
ASU 2016-14 Disclosures 13 minutes
ASU 2016-14 Disclosures Continues 3 minutes

4 assignments Total 60 minutes

Specialized Reporting Practices 10 minutes
Expense Analysis & Liquidity 10 minutes
Advanced Disclosures & Examples 10 minutes
Graded - Advanced Applications & Disclosures 30 minutes

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Instructor

Instructor ratings

(7 ratings)

EDUCBA

1,050 Courses 252,287 learners

Offered by

EDUCBA

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Frequently asked questions

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

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