NFP Financial Reporting Track | 13 CPE | AICPA

  • Authorized AICPA & CIMA Channel Partner — Same course, same badge, 50% less
  • NASBA-Recognized CPE Credits — Accepted for CPA, CIA, CMA license renewal
  • Digital Badge + Certificate — Shareable on LinkedIn
  • Interactive Case Studies — Real-world nonprofit scenarios with instant feedback
  • Self-Paced Online Learning — 100% online, study anytime, anywhere
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How to Earn Your AICPA Nonprofit Certificate

Step-by-Step Process:

  1. Purchase — Buy the program through Eduyush (authorized AICPA channel partner at discounted rates)
  2. Activate — Receive your login credentials for the AICPA learning platform within 24-48 hours of purchase
  3. Learn — Complete all required modules at your own pace using the online learning platform. Work through:Interactive lessons with real-world nonprofit scenarios Case studies and practical examples Self-assessment quizzes throughout each module
  4. Assess — Pass the online assessments at the end of each track/module
  5. Earn — Receive your digital certificate and shareable badge upon successful completion
  6. Share — Download your Credly digital badge and share on LinkedIn, resume, and professional profiles

Your CPE Credits Are Automatically Recorded:
All NASBA CPE credits are automatically tracked and recorded in the AICPA system upon course completion.

Earning the Digital Badge:
You earn a digital badge when you complete the full certificate program. Individual track purchases do not receive a digital badge unless all tracks in the certificate series are completed.

Course Format & Learning Experience

100% Online, Self-Paced Learning:

This nonprofit certificate program is delivered entirely online, allowing you to learn anywhere, anytime. There are no scheduled classes or live sessions — everything is available on-demand.

What to Expect:

  • Interactive Modules: Engaging lessons that go beyond reading. You'll work through realistic nonprofit scenarios, complete interactive exercises, and apply concepts immediately.
  • Real-World Case Studies: Learn using actual nonprofit examples covering Form 990 preparation, financial statement presentation, grant accounting, board governance, and more.
  • Instant Feedback: Self-assessment quizzes throughout the course provide immediate feedback so you know where you stand.
  • Practical Application: Type directly into sample financial statements and tax forms, simulating real workplace tasks.
  • Device Flexibility: Access the course from desktop, laptop, or tablet with an internet connection.

Learning Materials:

  • Online course modules with video, text, and interactive content
  • Downloadable resources and job aids
  • Practice exercises and quizzes
  • Final assessments for CPE credit

No Prerequisites for Basic Level / Experience Required for Intermediate:

  • Basic Level Courses: Open to all professionals — no prior nonprofit experience required
  • Intermediate Level Courses: Requires experience working in or with the not-for-profit industry
Who Should Enroll in Nonprofit Certificates

This certificate program is designed for:

Finance & Accounting Professionals:

  • CPAs and accountants transitioning into the nonprofit sector
  • Nonprofit staff accountants, senior accountants, and controllers
  • Finance managers overseeing nonprofit budgets and financial reporting
  • Grant accountants managing restricted and unrestricted funds
  • Fund accountants tracking donor-imposed restrictions

Auditors & Tax Professionals:

  • External auditors specializing in nonprofit audits (including Yellow Book/GAGAS audits)
  • Internal auditors within nonprofit organizations
  • Tax preparers completing IRS Form 990 for exempt organizations
  • Compliance officers ensuring nonprofit regulatory adherence

Nonprofit Leadership & Governance:

  • Board members and board treasurers overseeing nonprofit finances
  • Executive Directors and CEOs with financial oversight responsibilities
  • Finance committee members reviewing budgets and financial statements
  • Development directors managing donor stewardship and grant reporting

Consultants & Advisors:

  • CPA firm professionals with nonprofit practice areas
  • Fractional CFOs serving multiple nonprofit clients
  • Financial consultants advising on nonprofit best practices
  • Nonprofit startup founders establishing financial systems

Career Changers:

  • Professionals from the for-profit sector moving into mission-driven work
  • Recent graduates pursuing careers in nonprofit financial management
  • Accountants seeking specialized credentials to differentiate themselves
CPE Credit Recognition — Which Certifications Accept AICPA Credits?

NASBA CPE credits from AICPA programs are widely recognized across multiple professional certifications:

✅ CPA (Certified Public Accountant) — US State Boards

  • Accepted: Yes, for all 50 US states
  • Details: AICPA is a founding member of NASBA (National Association of State Boards of Accountancy). NASBA CPE credits are accepted by all state boards for CPA license renewal. Verify your state's specific field-of-study requirements (Accounting, Auditing, Ethics, Taxes).
  • Reporting: Some state boards automatically receive your CPE records; others require you to self-report.

✅ CIA (Certified Internal Auditor) — The IIA

  • Accepted: Yes
  • Details: The Institute of Internal Auditors (IIA) is registered with NASBA and accepts NASBA CPE credits for CIA certification maintenance.
  • Requirement: CIAs must earn 40 CPE hours annually (80 hours every 2 years).
  • 1 NASBA CPE credit = 1 IIA CPE credit

✅ CMA (Certified Management Accountant) — IMA

  • Accepted: Yes
  • Details: The Institute of Management Accountants (IMA) recognizes NASBA CPE credits for CMA continuing education requirements.
  • Requirement: CMAs must complete 30 CPE hours annually, with at least 2 hours in ethics every year.
  • 1 NASBA CPE credit = 1 IMA CPE credit

✅ Yellow Book Hours (Government Auditing Standards):
Many AICPA nonprofit courses qualify for Yellow Book CPE credits. Auditors conducting government or federally-funded nonprofit audits under GAGAS (Government Auditing Standards) must earn 24 Yellow Book hours every 2 years. Check individual course details to confirm Yellow Book qualification.

Always verify: While AICPA is a respected NASBA-registered sponsor, each licensing body has final authority on CPE credit acceptance. Confirm your specific requirements before purchasing.

Digital Badge & Certificate

Badge Benefits:

✓ Instant Verification — Employers and recruiters can click your badge to verify your credential directly with AICPA
✓ Shareable Everywhere — Add to LinkedIn profile, email signature, resume, personal website, or portfolio
✓ Demonstrates Expertise — Shows you've mastered nonprofit-specific financial management skills
✓ Never Expires — Your badge represents a completed achievement and remains valid indefinitely
✓ Stand Out — Only certificate completers earn the badge — it differentiates you from general accountants

Why Choose Eduyush? (Authorized AICPA Channel Partner)

Genuine AICPA Certification at Accessible Prices

Eduyush is an authorized AICPA & CIMA channel partner, which means you get the exact same course, certificate, and digital badge as purchasing directly from AICPA — but at significantly lower prices designed for the Indian, Middle East, and Southeast Asian markets.

What "Authorized Channel Partner" Means:

✓ Same Course Content — Identical curriculum, case studies, and learning materials
✓ Same Digital Badge — Verified Credly badge recognized globally
✓ Same Certificate — Official AICPA & CIMA completion certificate
✓ Same NASBA CPE Credits — Recognized by CPA boards, IIA, IMA, and other professional bodies
✓ Direct Access — You log into AICPA's official learning platform (not a third-party copy)

Why Eduyush Offers Lower Prices:

AICPA & CIMA partner with authorized resellers like Eduyush to make their globally-recognized certifications accessible to professionals in regions where US dollar pricing creates barriers. You're not getting a "discount version" — you're getting regional pricing on the full program.

Not-for-Profit Certificate II - Financial Reporting Track (AICPA & CIMA)

13 CPE Credits | Intermediate Level | Online Self-paced | Standalone or Part of Full Certificate

Master Advanced Nonprofit Financial Statement Preparation

Nonprofit financial reporting is more complex than ever. Organizations with strategic partnerships, affiliated entities, and diverse funding streams need finance professionals who can prepare consolidated financial statements, navigate ASC 958 reporting standards, and analyze financial health using nonprofit-specific metrics. 

The AICPA Not-for-Profit Certificate II - Financial Reporting track is an intermediate-level, 13-CPE course that builds advanced technical skills in nonprofit financial statement preparation, consolidation, and analysis. You’ll master the four core NFP financial statements and learn to assess when consolidation is required.

Earn 13 NASBA CPE credits (Accounting field of study)
13 Yellow Book hours for government auditors
Available standalone or as part of full NFP Certificate II
1-year online access — study at your own pace

Should You Take This Track Standalone or the Full Certificate?

Choose Financial Reporting Track (Standalone)
You only need financial reporting skills
You want comprehensive nonprofit expertise
You already completed the Tax and Governance tracks
You want the digital badge for LinkedIn
Your focus is nonprofit auditing and financial statement prep
You’re advancing to controller or senior finance roles
You need 13 Yellow Book hours specifically
You need 25 Yellow Book hours total
Budget: Lower cost (just 13 CPE)
Budget: Better value per CPE credit

Bottom Line: If you’re laser-focused on mastering nonprofit financial statements and consolidation, the standalone track is perfect. If you want a well-rounded intermediate credential with a digital badge, go for the full certificate.

Who Should Take This Course?

This is an Intermediate level track. You should have prior experience working with nonprofit financial statements.

Ideal for:

  • Nonprofit controllers preparing consolidated financial statements for multiple affiliated entities
  • Senior accountants responsible for month-end and year-end NFP financials
  • External auditors conducting nonprofit audits (including Yellow Book/GAGAS audits)
  • Finance managers analyzing NFP financial health and presenting to boards
  • Grant accountants preparing financial reports for foundation and government funders
  • Consultants and fractional CFOs serving multiple nonprofit clients

Prerequisites:

  • Experience working in or with the not-for-profit industry
  • Familiarity with basic nonprofit accounting concepts
  • Understanding of ASC 958 fundamentals

Not sure if you’re ready? If you’re new to nonprofits, start with NFP Certificate I - Accounting & Financial Reporting (Basic level).

What You’ll Master

This course provides deep technical training in preparing, consolidating, and analyzing nonprofit financial statements.
Four Core Nonprofit Financial Statements:
  1. Statement of Financial Position (SFP)
    • Assets, liabilities, and net assets presentation
    • Donor-imposed restrictions classification
    • Liquidity disclosures under ASU 2016-14
    • Board-designated vs. donor-restricted net assets
  2. Statement of Activities (SoA)
    • Revenue recognition with and without donor restrictions
    • Functional expense classification (program vs. supporting services)
    • Investment returns and endowment reporting
    • Gains and losses from asset sales
  3. Statement of Cash Flows (SCF)
    • Direct method vs. indirect method
    • Reconciliation requirements
    • Restricted cash handling
    • Operating, investing, and financing activities for NFPs
  4. Statement of Functional Expenses (SFE)
    • Natural classification of expenses (salaries, rent, supplies)
    • Functional classification (program services, fundraising, management & general)
    • Allocation methodologies
    • Joint cost allocations

Advanced Topics Covered:

Consolidated Financial Statements
  • When is consolidation required? Understanding control vs. economic interest 
  • Assessing NFP relationships with other organizations (affiliated entities, subsidiaries, foundations)
  • Variable Interest Entity (VIE) analysis
  • Eliminating intercompany transactions
  • Presenting supplemental financial information by entity
Programmatic Investments
  • When investments support mission objectives (not just return on assets)
  • Proper classification in the Statement of Financial Position
  • Disclosure requirements
Financial Statement Analysis
  • Ratio analysis specific to nonprofits (liquidity ratios, days cash on hand, program expense ratio, fundraising efficiency)
  • Trend analysis for multi-year financial health assessment
  • Benchmarking against sector standards
  • Red flags for financial distress
Presentation Options
  • Single-year vs. comparative financial statements
  • Columnar presentation for complex entities
  • Note disclosures vs. face of financial statements
Common Errors in NFP Accounting
  • Improper net asset classification
  • Misapplication of donor restrictions
  • Incorrect functional expense allocation
  • Consolidation mistakes
  • How to catch and correct these errors before audit

Program Features

Format:

  • 100% online, self-paced learning
  • 1-year access to all course materials
  • No scheduled classes — complete on your timeline

Interactive Learning:

  • Type directly into sample nonprofit financial statements
  • Real-world case studies from diverse NFP subsectors (healthcare, education, social services, arts & culture)
  • Practice exercises with instant feedback
  • Flow charts to determine when consolidation is required

CPE Credits:

  • Total: 13 NASBA CPE credits
  • Field of Study: Accounting
  • Yellow Book Hours: 13 hours qualify for Government Auditing Standards (GAGAS)
  • Level: Intermediate

Certificate (Not Badge):

  • Certificate of completion for this track only
  • Note: Digital badge requires completion of all 3 NFP II tracks

Career Impact — Advanced Financial Reporting Skills

Nonprofits with complex structures—multiple affiliated entities, subsidiaries, or supporting foundations—need finance professionals who can:
  • Determine when consolidation is required
  • Prepare consolidated financial statements in accordance with GAAP
  • Present complex financial information clearly to boards and donors
  • Analyze financial health using nonprofit-specific ratios

These skills are essential for controller and senior accounting roles, where average salaries range from $75,000-$95,000+ annually. 

Roles this track prepares you for:

  • Nonprofit Controller / Assistant Controller
  • Senior Accountant — Nonprofit Financial Reporting
  • Nonprofit Audit Senior (external audit firms)
  • Finance Manager — Financial Reporting
  • Grant Financial Officer
  • Compliance Manager — Financial Reporting

Yellow Book (GAGAS) Qualification

This track includes 13 Yellow Book hours, ideal for auditors who conduct:
  • Nonprofit audits under Government Auditing Standards
  • Audits of organizations receiving federal funding
  • Single Audits (OMB Uniform Guidance compliance)
  • State and local government audits

Yellow Book auditors must earn 24 hours in specialized subjects every 2 years—this course covers over half of that requirement.

What You’ll Get

  • 13 verified NASBA CPE credits (Accounting field of study)
  • 13 Yellow Book (GAAS) hours
  • Certificate of completion for Financial Reporting track
  • 1-year online access to course materials
  • Interactive case studies and practice exercises
  • Flowcharts and job aids for consolidation decisions

Why Choose Eduyush?

As an authorized AICPA & CIMA channel partner, Eduyush offers:
  • The identical AICPA course content and certificate
  • Significantly lower pricing for India, UAE, and Southeast Asia markets (save 50%)
  • Local payment options (UPI, net banking, cards)
  • Dedicated support across Indian time zones
  • Fast course activation (typically 24-48 hours)

You receive the exact same course and certificate as purchasing from AICPA directly—just at regional pricing.

Upgrade to Full NFP Certificate II for Digital Badge

Want the complete credential with a shareable digital badge?

Full Not-for-Profit Certificate II includes:

  • Financial Reporting (13 CPE) — You’re here
  • Tax Compliance (8.5 CPE) — Master Form 990 and UBIT
  • Governance & Assurance (12.5 CPE) — Strategic planning, budgeting, internal controls

Total: 34 CPE credits + 25 Yellow Book hours + Digital Badge

By completing all three tracks, you earn a verified Credly digital badge that showcases your advanced nonprofit expertise on LinkedIn, resumes, and professional profiles. 

Strengthen Your Nonprofit Financial Reporting Expertise

📊 Master consolidated financial statements and ASC 958 requirements
📈 Analyze nonprofit financial health using advanced ratios
✅ Earn 13 NASBA CPE credits + 13 Yellow Book hours
🎯 Prepare for controller and senior financial reporting roles
Ready to advance your skills? Enroll today and become the nonprofit financial reporting expert your organization needs.

Not for Profit Certificate FAQ's

What is an AICPA Not-for-Profit Certificate?

The AICPA Not-for-Profit Certificates are specialized CPE programs designed to help accountants, auditors, and finance professionals master the unique financial reporting, tax compliance, and governance requirements of nonprofit organizations. These certificates demonstrate your expertise in nonprofit accounting to employers and clients.

Are there different levels?

Yes. AICPA offers two levels:

  • Certificate I (Basic): For professionals new to nonprofits or seeking a foundational overview
  • Certificate II (Intermediate): For professionals with nonprofit experience who want advanced technical skills

Individual tracks are also available if you want to focus on specific topics (Accounting, Tax, Governance, etc.) rather than the full certificate.

What are the prerequisites?
  • Basic Level: No prerequisites — open to all accounting and finance professionals
  • Intermediate Level: Requires experience working in or with the not-for-profit industry

If you're brand new to nonprofits, start with Certificate I.

How is the course delivered?

100% online and self-paced. You'll access the AICPA learning platform with your login credentials and complete modules at your own pace. No scheduled classes or live sessions — everything is available on-demand.

Will I receive NASBA CPE credits?

Yes. All AICPA Not-for-Profit certificates award NASBA-recognized CPE credits upon completion. The number of credits varies by program (ranging from 8 to 40+ credits depending on the certificate).

Do these CPE credits count for my CPA license renewal?

Yes. NASBA CPE credits are accepted by all 50 US state boards for CPA license renewal. However, each state has specific field-of-study requirements (e.g., some states require a minimum number of Accounting or Ethics hours). Verify your state board's requirements to ensure the credits align with your renewal needs.

What if I need Yellow Book hours?

Many AICPA nonprofit certificates qualify for Yellow Book (Government Auditing Standards) CPE hours. This is important if you conduct audits of government entities or nonprofits receiving federal funding. Check the specific course description to see if it qualifies for Yellow Book credits.

Is this the same course offered on AICPA's website?

Yes, 100%. Eduyush is an authorized AICPA & CIMA channel partner. You receive:

  • The same course content and learning platform
  • The same digital badge from Credly
  • The same NASBA CPE credits
  • The same certificate from AICPA & CIMA

The only difference is pricing — Eduyush offers regional pricing for different markets.

Digital Badge FAQ's

What is a Digital Badge?

A digital badge is a validated, visual representation of your significant achievement with a specific description of the knowledge and skills you’ve achieved to earn it.

Does my badge expire?

No. Your certificate and digital badge represent a completed learning achievement and do not expire. However, CPE credits may have expiration periods depending on your licensing board's rules (e.g., most CPA boards have rolling 3-year reporting periods).

 When will I receive my digital badge?

You earn your digital badge and certificate upon completing the full certificate program (all required tracks). The badge is delivered electronically via Credly within 2-4 weeks after completion.

Note: Individual track purchases do not receive a digital badge unless all tracks in the certificate series are completed.

How do I share my badge?

Once you’ve created an account on youracclaim.com and have accepted your digital badge, click on it and choose to “Share” to your choice of social media networks, such as LinkedIn, Facebook, Twitter or Xing. You can also include the digital badge in your e-mail signature, digital resume or your personal blog/website.

From the “Share” menu, choose the “Download Badge” option (downward arrow icon) to download the badge as a PNG file. Then, look for the link icon to link the PNG image to your verifiable badge. Or, copy the HTML code from the embed icon (left and right arrows with a forward slash in between them) and use that on your web page, blog or any platform that accepts HTML.

Important! For your badge to be verified and allow others to see your accomplishment, the badge must be linked through the Acclaim platform.

You can link multiple e-mail addresses to the Acclaim platform , so if your digital badge is delivered to your work e-mail, but your social media accounts are linked to a personal e-mail, it is a seamless experience to share your accomplishment. These instructions are also available here.

You can also watch this video (:40) on how to share your badge.

How will someone know my digital badge is authentic?

Your badge must be linked to your profile on the ACPA and CIMA Acclaim platform, which contains verified information.

Every digital badge has a unique URL that should be embedded in your social profile or website.

Can someone copy or steal my badge?

No, your digital badge is awarded to the name and email address you used to complete your purchase on the AICPA Store. If someone were to copy the badge it would not be linked and, therefore, unverified and invalid. If you notice misuse of your digital badge image or URL, please contact us atdigitalbadge@aicpa-cima.com.

What are Credly and Acclaim?

Credly empowers organizations to officially recognize individuals for demonstrated competencies and skills. Their mission is to connect people to opportunity based on their talent and capabilities. Thousands of organizations use Credly to make their students’, employees’, and members’ achievements visible, including Yale University, Harvard, the New York City Department of Education, Adobe, SUNY, University of Central Florida, Training Magazine, and Smithsonian. Acclaim is one of Credly’s badging platforms.

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