4.00 CPE Credit Hours
Do you know what makes not-for-profit accounting and financial reporting different? Are you aware of how not-for-profit financial statements will change as a result of the FASB's Financial Statement Project? Through a combination of practical guidance and case studies, this course will provide insight into what makes not-for-profits different while training you to clear key hurdles in not-for-profit accounting and reporting in an efficient and effective manner. Avoid the potholes of confusion and provide a financial picture that end users can truly understand.
All CPAs who work with or for nonprofit organizations.
The FASB finalized ASU 2016-14, "Financial Statements of Not-for-Profit Organizations," in 2016 with early implementation available (and the "gurus" of GAAP are suggesting your clients early implement it!). It will become effective in 2018. The emphasis of the class will be on the changes that ASU 2016-14 made to the balance sheet, statement of activities, statement of cash flows and disclosures of a not-for-profit organization.
- Core elements of financial reporting
- Exchange transactions and contributions
- Reporting and measuring results
- Impact of FASB's Not-for-Profit Financial Statement Project
Real World Seminars of Georgia
Level of Knowledge