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.
Master ASC 958: Apply & Analyze Not-for-Profit Reporting
Master ASC 958: Apply & Analyze Not-for-Profit Reporting
This course is part of US GAAP Accounting & Financial Reporting Mastery Specialization
Instructor: EDUCBA
Included with 
Gain insight into a topic and learn the fundamentals.
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
Details to know
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Add to your LinkedIn profile
Recently updated!
September 2025
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
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 assignments1 plugin
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
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