New York University's School of Continuing and Professional Education plans to begin offering a new certificate in not-for-profit accounting and governmental reporting.

The first course, Introduction to NFP Accounting and Governmental Reporting, will run in the spring 2008 semester. Four additional courses will begin in subsequent semesters. They will include NFP accounting fundamentals; two advanced NFP accounting courses that cover the rules governing contributions, investments and preparing NFP financial statements; and governmental and donor reporting and information return preparation.

The certificate is specially designed for students interested in, or already working in, an NFP or governmental accounting position. 

"There exists today an acute shortage of accountants in the workforce and in no area more than the not-for-profit sector," said faculty coordinator and clinical adjunct professor of accounting Laurence Scot in a statement.

Scot, who developed the program, is managing partner and co-founder of Skody Scot & Company, a New York CPA firm. He also has experience working at Coopers & Lybrand, the American Institute of CPAs and Shearman & Sterling.

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