Non-Profit Course Contents:
1. Accounting with NAS
- Accounting Principles and guidelines applicable to NPOs
- Treatment of special items :
- Inventories
- Property, Plant & Equipment
- Donations
- Fair values
- Other relevant items
2. Financial Statements
- Preparation and presentation of financial statements for NPOs :
- Statement of Financial Position
- Income Statement
- Cash Flow Statement
- Reserves
- Management Reports
3. Fund Accountability
- Understanding fund accounting
- Recording resource with donor or legal restrictions
- Emphasis on accountability over profitability
4. Case Studies on Taxation
- Taxability of NPOs under Income Tax Act 2058 and other applicable acts
- Coverage of :
- Tax Exemption Certificate
- Applicability of VAT and TDS
- Annexure 5 Ka
