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Finance & Accounting Accounting & Bookkeeping Accounting

Not-for-Profit Accounting-Charities, Colleges, & Health Care

Learn Not-for-Profit accounting from a practicing CPA
Rating: 4.1 out of 54.1 (47 ratings)
23,559 students
Created by Robert (Bob) Steele
Last updated 9/2019
English
English [Auto]
30-Day Money-Back Guarantee

What you'll learn

  • The definition of a not for profit organization
  • The difference between a governmental not for profit and nongovernmental not for profit. Our primary focus is on nongovernmental not for profits. However we will discuss accounting for governmental health care and colleges
  • How to set up a not for profit organization
  • Regulations, taxation, and performance issues related to not for profit organizations
  • Learn how to record accounting transactions related to not for profit organizations with example problems and step by step demonstrations that include a trial balance
  • Accounting for colleges and universities, both governmental and nongovernmental. We will also discuss for profit colleges
  • Learn accounting related to health care organizations, both governmental and nongovernmental not for profit

Requirements

  • It would be best for students to have some understanding of the double entry accounting system. We will be comparing not for profit accounting to for profit accounting and emphasizing the differences. If you are not familiar with accrual accounting concepts, we do have accounting courses on them.

Description

Not for Profit Accounting-Charities, Colleges, & Health Care will cover accounting principles related to not for profit organizations.

Our concentration will be on nongovernmental not-for-profit organizations. However, we will discuss the differences between nongovernmental not for profit organization and governmental not-for-profit organizations. We will also discuss accounting concepts for both governmental and nongovernmental organizations related to health care and colleges.

The course will start by introducing what a not for profit organization is. We will discuss regulation, taxation, and performance issues related to the not for profit organization. As we discuss accounting for not for profit organization, we will make comparisons to for profit organizations, concentrating most of our time on the areas where accounting concepts differ between the two.

Next, we will get into the details of accounting for not for profit organizations, discussing generally accepted accounting principles and the recording of transactions.

We will then take a look at example problems, recoding transactions related to a not for profit organization. We will work through example problems in a presentation format. We will then provide Excel worksheets and step by step instructional videos for learners to apply what they have learned. The Excel worksheets will include two tabs, one with the completed answer, and a second with preformatted worksheets. Learners can enter data into the preformatted worksheets in a step by step process following instructional videos.

Next, we will discuss colleges and universities in detail. We compare and contrast governmental not-for-profit colleges and universities as well as nongovernmental not-for-profit colleges. We will also discuss for-profit colleges.

The course will present example problems in a presentation format and will then provide Excel worksheet and instructional videos so that learners can apply what they have learned.

Next, we will discuss health care organizations in detail. We will consider both governmental health care organizations and nongovernmental health care organizations. The course will present example problems and will then provide practice Excel worksheet and step by step instructional videos so learners can apply what they have learned.

Who this course is for:

  • Anyone working or planning to work for a not for profit
  • Accounting students
  • CPA candidates

Course content

10 sections • 169 lectures • 19h 13m total length

  • Preview05:32
  • Preview00:08
  • Preview10:05
  • PDF - 107 Does Non-Profit Mean Money Does Not Matter
    00:08
  • Preview08:39
  • Accounting Comic Break
    00:15

  • 2 Regulation, Taxation, and Performance
    00:24
  • PDF - 13100 Not for Profit Definition, Organization Forms, & Set Up Process
    00:08
  • 13100 Not for Profit Definition, Organization Forms, & Set Up Process
    19:54
  • PDF - 13110 Tax Exempt Status & Federal Regulations
    00:08
  • 13110 Tax Exempt Status & Federal Regulations
    14:30
  • Accounting Comic Break
    00:16

  • 3 Accounting for Not-for-Profits
    00:32
  • PDF - 14110 GAAP for Nongovernmental NFP
    00:08
  • 14110 GAAP for Nongovernmental NFP
    04:02
  • PDF - 14120 Financial Reporting Nongovernmental NFP
    00:08
  • 14120 Financial Reporting Nongovernmental NFP
    23:32
  • PDF - 14130 Contributions Nongovernmental NFP
    00:08
  • 14130 Contributions Nongovernmental NFP
    12:35
  • PDF - 14140 Accounting for Expenses Nongovernmental NFP
    00:08
  • 14140 Accounting for Expenses Nongovernmental NFP
    05:03
  • PDF - 14150 Joint Costs of Fund-Raising Nongovernmental NFP
    00:08
  • 14150 Joint Costs of Fund-Raising Nongovernmental NFP
    05:04
  • PDF - 14160 Restricted Assets & Investments Nongovernmental NFP
    00:08
  • 14160 Restricted Assets & Investments Nongovernmental NFP
    07:49
  • PDF - 14170 Collections Nongovernmental NFP
    00:08
  • 14170 Collections Nongovernmental NFP
    02:49
  • Accounting Comic Break
    00:15

  • 4 Example Problems - Accounting for Not-for-Profits
    00:52
  • PDF - 14251 Example Problem Not-for-Profit Organization With One Program
    00:08
  • 14251 Example Problem Not-for-Profit Organization With One Program
    20:16
  • PDF - 14523 Example Problem Not-For-Profit Two Programs Craft-Part 1-Transaction
    00:08
  • 14523 Example Problem Not-For-Profit Two Programs Craft-Part 1-Transactions
    28:15
  • PDF - 14523 Part 2 Example Problem Expense Allocation by Function
    00:08
  • 14523 Part 2 Example Problem Expense Allocation by Function
    09:08
  • PDF - 14523 Part 3 Example Problem Closing Entries
    00:08
  • 14523 Part 3 Example Problem Closing Entries
    12:54
  • PDF - 14523 Part 4 Example Problem Statement of Financial Position
    00:08
  • 14523 Part 4 Example Problem Statement of Financial Position
    12:37
  • PDF - 14523 Part 5 Example Problem Statement of Activities
    00:08
  • 14523 Part 5 Example Problem Statement of Activities
    14:30
  • Excel Download
    00:05
  • 14nd not-for-profit organization with one program
    21:46
  • Excel Worksheet Download
    00:05
  • 14nn Not-For-Profit Part 1 Transactions
    38:07
  • 14nn Not-For-Profit Part 2 Expense Allocation
    20:33
  • 14nn Not-For-Profit Part 3 Closing Entries
    13:21
  • 14nn Not-For-Profit Part 4 Statement of Financial Position
    10:42
  • 14nn Not-For-Profit Part 5 Statement of Activities
    10:49
  • 14nn Not-For-Profit Part 6 Statement of Cash Flows
    15:55
  • 14nn Not-For-Profit Part 7 Reporting of Expenses by Nature and Function
    06:33
  • Accounting Comic Break
    00:15

  • 5 Colleges & Universities
    00:57
  • 15110 Colleges And Universities
    06:20
  • PDF - 15120 Colleges And Universities Loan Assets
    00:08
  • 15120 Colleges And Universities Loan Assets
    03:14
  • PDF - 15130 Capital Assets, Intangible Assets, & Infrastructure Assets
    00:08
  • 15130 Capital Assets, Intangible Assets, & Infrastructure Assets
    03:10
  • PDF - 15140 Liabilities Deposits Held in Custody of Others
    00:08
  • 15140 Liabilities Deposits Held in Custody of Others
    01:38
  • PDF - 15150 Net Assets vs Net Position Operating Statements
    00:08
  • 15150 Net Assets vs Net Position Operating Statements
    06:16
  • PDF - 15160 Tuition and Fees
    00:08
  • 15160 Tuition and Fees
    08:53
  • PDF - 15170 Contributions
    00:08
  • 15170 Contributions
    02:45
  • PDF - 15180 Grants and Expense
    00:08
  • 15180 Grants and Expenses
    02:09
  • PDF - 15190 Statement of Cash Flows
    00:08
  • 15190 Statement of Cash Flows
    01:56
  • Accounting Comic Break
    00:15

  • 6 Example Problems - Private College
    00:44
  • PDF - 15515 Part 1 Example Problem Private College - Transactions
    00:08
  • 15515 Part 1 Example Problem Private College - Transactions
    20:39
  • PDF - 15515 Part 2 Example Problem Private College - Transactions
    00:08
  • 15515 Part 2 Example Problem Private College - Transactions
    13:33
  • PDF - 15515 Part 3 Example Problem Private College Closing Entries
    00:08
  • 15515 Part 3 Example Problem Private College Closing Entries
    09:54
  • PDF - 15515 Part 4 Example Problem Private College Statement of Financial Positi
    00:08
  • 15515 Part 4 Example Problem Private College Statement of Financial Position
    11:46
  • PDF - 15515 Part 5 Example Problem Private College Statement of Financial Positi
    00:08
  • 15515 Part 5 Example Problem Private College Statement of Financial Position
    07:03
  • PDF - 15518 Part 1 Example Problem Private College # 2 Transactions
    00:08
  • 15518 Part 1 Example Problem Private College # 2 Transactions
    19:56
  • PDF - 15518 Part 2 Example Problem Private College # 2 Transactions Part 2
    00:08
  • 15518 Part 2 Example Problem Private College # 2 Transactions Part 2
    11:50
  • PDF - 15518 Part 3 Example Problem Private College #2 Closing Entries
    00:08
  • 15518 Part 3 Example Problem Private College #2 Closing Entries
    09:52
  • PDF - 15518 Part 4 Example Problem Private College # 2 Statement of Activities
    00:08
  • 15518 Part 4 Example Problem Private College # 2 Statement of Activities
    10:14
  • Excel Worksheet Download
    00:05
  • 15df Not-for-Profit Organization 2 Part 1 – Transactions
    27:46
  • 15df Not-for-Profit Organization 2 Part 2 – Transactions
    23:48
  • 15df Not-for-Profit Organization 2 Part 3 – Closing Entries
    22:22
  • 15df Not-for-Profit Organization 2 Part 4 - Statement of Activities
    17:44
  • Excel Worksheet Download
    00:05
  • 15dk Not for Profit Private College Prart 1 Transactions
    30:54
  • 15dk Not-for-Profit Private College Prart 2 Transactions
    21:20
  • 15dk Not-for-Profit Private College Prart 3 Closing Entries
    20:34
  • 15dk Not-for-Profit Private College Prart 4 Statement of Financial Position
    12:28
  • 15dk Not-for-Profit Private College Prart 5 Statement of Activities
    18:02
  • Accounting Comic Break
    00:16

  • 7 Example Problems Public University
    00:44
  • PDF - 15519 Part 1 Example Problem Public University-Part 1 Transactions
    00:08
  • 15519 Part 1 Example Problem Public University-Part 1 Transactions
    14:20
  • PDF - 15519 Part 2 Example Problem Public University Transactions
    00:08
  • 15519 Part 2 Example Problem Public University Transactions
    11:40
  • PDF - 15519 Part 3 Example Problem Public University-Closing Entries
    00:08
  • 15519 Part 3 Example Problem Public University-Closing Entries
    11:00
  • PDF - 15519 Part 4 Example Problem Public University Statement of Net Position
    00:08
  • 15519 Part 4 Example Problem Public University Statement of Net Position
    06:38
  • Excel Worksheet Download
    00:05
  • 15dp Public University Part 1 - Transactions
    24:51
  • 15dp Public University Part 2 - Transactions
    24:40
  • 15dp Public University Part 3 - Closing Entries
    18:56
  • 15dp Public University Part 4 - Statement of Net Position
    13:00
  • Accounting Comic Break
    00:15

  • 8 Heath Care Organizations
    00:45
  • PDF - 16110 Health Care Organization Classifications
    00:08
  • 16110 Health Care Organization Classifications
    02:19
  • PDF - 16120 Health Care Authoritative Sources & Financial Statement
    00:08
  • 16120 Health Care Authoritative Sources & Financial Statement
    03:44
  • PDF - 16130 Assets Health Care
    00:08
  • 16130 Assets Health Care
    11:45
  • PDF - 16140 Revenue
    00:08
  • 16140 Revenue
    05:20
  • PDF - 16150 Donated Materials And Services
    00:08
  • 16150 Donated Materials And Services
    02:44
  • PDF - 16160 Expenses
    00:08
  • 16160 Expenses
    01:55
  • PDF - 16170 Statement of Changes In Net Assets
    00:08
  • 16170 Statement of Changes In Net Assets
    01:16
  • PDF - 16180 Statement of Cash Flows
    00:08
  • 16180 Statement of Cash Flows
    01:40
  • Accounting Comic Break
    00:16

  • 9 Example Problems Governmental Hospital
    00:37
  • PDF - 16522 Part 1 Example Problem Hospital Transactions
    00:08
  • 16522 Part 1 Example Problem Hospital Transactions
    16:31
  • PDF - 16522 Part 2 Example Problem Hospital Transactions
    00:08
  • 16522 Part 2 Example Problem Hospital Transactions
    10:08
  • PDF - 16522 Part 3 Example Problem Hospital Closing Entries
    00:08
  • 16522 Part 3 Example Problem Hospital Closing Entries
    05:59
  • Excel Worksheet Download
    00:05
  • 16nn Hospital Part 1 Transactions
    22:45
  • 16nn Hospital Part 2 Transactions
    15:15
  • 16nn Hospital Part 3 Closing Entries
    11:34
  • Accounting Comic Break
    00:16

  • 10 Example Problem Not-for-Profit Hospital
    00:42
  • PDF - 16525 Part 1 Example Problem Not-for-Profit Hospital Transactions
    00:08
  • 16525 Part 1 Example Problem Not-for-Profit Hospital Transactions
    28:19
  • PDF - 16525 Part 2 Example Problem Not-for-Profit Hospital Part 2 Closing Entrie
    00:08
  • 16525 Part 2 Example Problem Not-for-Profit Hospital Part 2 Closing Entries
    08:16
  • PDF - 16525 Part 3 Example Problem Not-for-Profit Hospital Balance Sheet
    00:08
  • 16525 Part 3 Example Problem Not-for-Profit Hospital Balance Sheet
    10:45
  • PDF - 16525 Part 4 Example Problem Not-for-Profit Hospital Part 4 Statement of O
    00:08
  • 16525 Part 4 Example Problem Not-for-Profit Hospital Part 4 Statement of Operati
    06:35
  • PDF - 16525 Part 5 Example Problem Not-for-Profit Hospital Statement of Changes
    00:08
  • 16525 Part 5 Example Problem Not-for-Profit Hospital Statement of Changes in Net
    07:03
  • PDF - 16525 Part 6 Example Problem Not-for-Profit Hospital Statement of Cash Flo
    00:08
  • 16525 Part 6 Example Problem Not-for-Profit Hospital Statement of Cash Flows
    12:57
  • Excel Worksheet Download
    00:05
  • 16nr Not-for-Profit Hospital Part 1 – Transactions
    35:52
  • 16nr Not-for-Profit Hospital Part 2 – Transactions
    13:38
  • 16nr Not-for-Profit Hospital Part 3 - Closing Entries
    17:43
  • 16nr Not-for-Profit Hospital Part 4 - Balance Sheet
    15:18
  • 16nr Not-for-Profit Hospital Part 5 - Statement of Operations
    12:48
  • 16nr Not-for-Profit Hospital Part 6 - Statement of Changes in Net Assets
    09:47
  • 16nr Not-for-Profit Hospital Part 7 - Statement of Cash Flows
    18:30
  • Accounting Comic Break
    00:15

Instructor

Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI
Robert (Bob) Steele
  • 4.4 Instructor Rating
  • 16,923 Reviews
  • 352,776 Students
  • 97 Courses

Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.  

Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).  

Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.  

In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.  

Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.  

Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.  

Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.  

Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.  

The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.  

Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge like Udemy.

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