What You'll Learn

Where the numbers tell the mission's story.

✓ What the Statement of Activities shows, and how to prepare one.

✓ The purpose of the Statement of Financial Position, including assets, liabilities, and net assets, and how to prepare it.

✓ How to prepare the Statement of Functional Expenses, including functional vs. natural expense classification and compliance requirements.

✓ How to understand, structure, and prepare the Statement of Cash Flows.

✓ How donor restrictions and net asset classifications show up in your reporting.

✓ How the statements connect, and what they reveal about an organization's financial health.

No memorizing. No guessing. Just clarity.

Course Curriculum

    1. Course Overview

    1. Statement of Activities

    2. Presentation - Statement of Activities

    1. Statement of Financial Position

    2. Presentation - Statement of Financial Position

    1. Statement of Functional Expenses

    2. Presentation - Statement of Functional Expenses

    1. Statement of Cash Flows

    2. Presentation - Statement of Cash Flows

About this course

  • $185.00
  • 9 lessons

This Course Is Step 3 of a Certificate Program

The Nonprofit Accounting Essentials Certificate Program

Financial Statements for Nonprofits is the final course in the Nonprofit Accounting Essentials Certificate Program, bringing together everything from the first two courses.

Step 1: Introduction to Nonprofits
Step 2: Accounting for Nonprofits
Step 3: Financial Statements for Nonprofits

Get all three for $445 and save $110. A payment plan of 2 payments of $222.50 is available on the full program.
See the Full Program

Hi, I'm Sharon.

Your instructor, and your biggest cheerleader

I spent 10 years in corporate accounting before I started teaching, and I've now been teaching bookkeeping and accounting for 22 years through continuing education and workforce development programs at universities and colleges.

I hold a Bachelor's degree in Business Education from Temple University, a Pennsylvania Department of Education teaching certificate in Accounting, and I'm a Certified Online Instructor.

But here's what matters most: so many of my students walk in convinced they're "not a numbers person." Most of them are wrong. They just never had it explained clearly.

That's my job. Plain English, step by step, until it clicks.
Read My Story
Sharon deFonteny, Bookkeeping and Business Finance Educator

Questions? Good. Here Are the Answers.

  • Do I need the first two courses first?

    It certainly helps if you're learning how to keep the books for nonprofits. This course builds on Introduction to Nonprofits and Accounting for Nonprofits. If you haven’t taken them yet, the Nonprofit Accounting Essentials Certificate Program includes all three.

  • I’m on a nonprofit board. Is this for me?

    Yes. These are the statements boards review and approve. This course helps you understand what they’re showing you, so you can ask the right questions.

  • Is the Bookkeeping Community included?

    Yes. It’s a place for students across all of my courses and Certificate Programs to ask questions, share what they’re working on, and connect with others learning the same material.

  • Do I need accounting software?

    No. You’ll learn how each statement is built by hand, so you understand what any software is producing.

Ready to Read the Story Behind the Numbers?

Know the numbers. Support the mission.