Non-profit Accounting Jargon: Understanding the Language

Make your nonprofit the best it can be!

Do we have a deficit problem, a cash flow problem, neither, or both? Unless you know the language and understand the basis of the system, it is impossible to answer this important fiscal management question. This workshop is a crash course in accounting jargon and more. In addition to learning terminology, we will discuss the following:

Where did this system come from?
What is it based upon?
What is its purpose?
What is GAAP? Where does GAAP come from today?
What is the FASB?
What are financial statements and how do you read them?
How have FASB rulings changed financial statements?
Why did FASB do this? What fundamental changes did these rulings bring about in accounting for non-profits?
What are the books?
Do the books have to be on an accrual basis?
What is overhead / indirect costs?

NOTE: Bring a copy of your organization’s most recent audited financial statement to this workshop for your own use during the session. Financial statements need not be shared with others in attendance.