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

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

Instructor: EDUCBA

Access provided by SGCSRC

2 modules

Gain insight into a topic and learn the fundamentals.

13 reviews

4 hours to complete

Flexible schedule

Learn at your own pace

2 modules

Gain insight into a topic and learn the fundamentals.

13 reviews

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

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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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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 videosTotal 59 minutes

Introduction to ASC 958 Not for Profit Entities8 minutes
ASU 2012-05 Statement of Cash Flows1 minute
Services Received From Personnel of an Affiliate9 minutes
Presentation of Financial Statements4 minutes
Net asset Classification7 minutes
ASU 2016-14 - Example 17 minutes
ASU 2016-14 - Example 26 minutes
ASU 2016-14 - Example 2 Continues6 minutes
Underwater Endowments11 minutes

4 assignmentsTotal 60 minutes

Graded - Foundations of Not-for-Profit Reporting30 minutes
Introduction & Core Concepts10 minutes
Presentation & Classification Essentials10 minutes
Practical Applications of ASC 2016-1410 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 videosTotal 54 minutes

Placed in Service Approach7 minutes
Statement of Cash Flow7 minutes
Net Investment Returns3 minutes
Analysis of Expense by Nature and Function7 minutes
Analysis of Expense by Nature3 minutes
Available Resources and Liquidity4 minutes
ASU 2016-14 Example - 36 minutes
ASU 2016-14 Disclosures13 minutes
ASU 2016-14 Disclosures Continues3 minutes

4 assignmentsTotal 60 minutes

Graded - Advanced Applications & Disclosures30 minutes
Specialized Reporting Practices10 minutes
Expense Analysis & Liquidity10 minutes
Advanced Disclosures & Examples10 minutes

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Instructor

Instructor ratings

(11 ratings)

EDUCBA

1,170 Courses278,919 learners

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EDUCBA

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Reviewed on Apr 4, 2026

This course effectively combines theory and practical application, helping learners understand ASC 958 standards and apply them confidently in nonprofit reporting.

Reviewed on Mar 6, 2026

A great introduction to nonprofit accounting standards with a strong focus on transparency and compliance in financial reporting. The modules are easy to follow and very insightful.

Reviewed on Apr 5, 2026

A practical course that breaks down nonprofit reporting into simple, understandable concepts.

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