Overview
ACCT 345: Not-for-Profit Accounting provides an in-depth look at accounting concepts related to not-for-profit organizations (NFPOs), including financial reporting, budgeting, cash flow management, and financial statement analysis. An overview of accounting for registered charities is also included. This course provides a theoretical framework for NFPO accounting and applied knowledge, using authentic not-for-profit scenarios that require you to apply technical knowledge and relevant sections of the CPA Handbook.
Learning outcomes
After completing this course, you should be able to
- describe the financial reporting obligations of NFPOs.
- describe the roles and responsibilities of members, the board of directors, employees, auditors, and volunteers.
- apply the deferral and restricted fund methods of recognizing revenue in NFPOs.
- prepare NFPO financial statements using fund accounting.
- apply relevant cost and revenue concepts in a not-for-profit setting.
- prepare an operating budget.
- prepare a balanced scorecard, strategy map, and matrix map in a not-for-profit setting.
- assess an NFPO’s liquidity, solvency, efficiency, and profitability using ratio analysis.
- describe the unique reporting requirements of registered charities.
Evaluation
To receive credit for ACCT 345, you must achieve
- at least D (50 percent) on the Final Examination
- an overall composite grade of D (50 percent) for the course.
The following chart summarizes the evaluation activities and scheme for this course
| Activity | Weight |
| Assignment 1 | 30% |
| Assignment 2 | 30% |
| Final Examination | 40% |
| Total | 100% |
To learn more about assignments and examinations, please refer to Athabasca University’s online Calendar.
Materials
This course either does not have a course package or the textbooks are open-source material and available to students at no cost. This course has a Course Administration and Technology Fee, but students are not charged the Course Materials Fee.
Digital course materials
Links to the following course materials will be made available in the course:
Annand, D. (2020). Not-for-profit accounting (1st ed.). Athabasca University.
CPA Canada Standards and Guidance Collection (CPACHB): Access to this resource is provided through the AU Library.
Other Materials
All other course materials can be found online.
Challenge for credit
Overview
The challenge for credit process allows you to demonstrate that you have acquired a command of the general subject matter, knowledge, intellectual and/or other skills that would normally be found in a university-level course.
Full information about challenge for credit can be found in the Undergraduate Calendar.
Evaluation
To receive credit for the ACCT 345 challenge registration, you must achieve a grade of at least D (50 percent) on the challenge examination.
| Activity | Weight |
| Online Examination | 100% |
| Total | 100% |
Challenge for credit course registration form