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Nonprofit Accounting (Topic Outline)


Topic Outline

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Read our Explanation (4 Parts) Free

Our Explanation of Nonprofit Accounting includes a chart that contrasts the financial statements of a nonprofit (or not-for-profit) organization with those of a for-profit business corporation. There are many examples to demonstrate how the financial statements of a nonprofit organizations are connected.

Part 1Introduction to Nonprofit Accounting, Differences between Nonprofits and For-Profits, Mission and Ownership, Tax-Exempt Status
Part 2Financial Statements of Nonprofits, Statement of Financial Position, Statement of Activities, General Ledger Accounts and Chart of Accounts
Part 3Illustration of the Statement of Financial Position and the Statement of Activities
Part 4Statement of Functional Expenses, Statement of Cash Flows, Notes to the Financial Statements, Additional Reporting by Nonprofits, Budgeting for Nonprofits
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This 25-question quiz is a fast way to assess your understanding of the Nonprofit Accounting Explanation.

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We've answered 6 popular questions related to the topic Nonprofit Accounting. Review them all or use the search box found at the top of each page of our website for your specific questions.

Solve our Word Scramble Free

If you find Nonprofit Accounting terminology difficult, this Word Scramble will provide clues (scrambled answers) to assist you.

Solve our Crossword Puzzle Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Nonprofit Accounting in a more fun format

Review our Sample Business Forms

We have included five forms that help you prepare the financial statements of a nonprofit organization. The forms differ according to donors' restrictions. All of our business forms contain an Excel template, a blank PDF form, and a filled-in PDF form.

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Certificate - Debits and Credits
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Certificate - Balance Sheet
Certificate - Income Statement
Certificate - Cash Flow Statement
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Certificate - Financial Ratios
Certificate - Bank Reconciliation
Certificate - Payroll Accounting

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Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
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Certificates of Achievement

We now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping:

  • Debits and Credits
  • Adjusting Entries
  • Financial Statements
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Working Capital and Liquidity
  • Financial Ratios
  • Bank Reconciliation
  • Payroll Accounting
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