About this course
Course Level: Basic
Recommended Prerequisites: None
Instructional Method: Recorded Session
Recommended CPE Credits: Not Eligible for CPE
Access Period: 60 days from Purchase
Estimated Time to Complete: Five Minutes
The three-part Fundamentals of Nonprofit Accounting series provides accountants and other professionals with an overview of nonprofit accounting terminology and reports. This third installment reviews the basic concepts of accrual vs. cash basis accounting, the general ledger, debits and credits, and the five accounting elements.
The content in this video does not constitute accounting advice. If you have questions regarding generally accepted accounting principles, processes, or procedures we recommend that you contact a Certified Public Accountant.
By the end of the session, you will have a basic understanding of:
- The Cash Basis vs. Accrual Basis of accounting.
- The General Ledger.
- The rules of debits and credits.
- The five accounting elements.
- Common accounting abbreviations.