New Financial Reporting Requirements for Nonprofits
Total Credits: 4 including 2 Accounting - Technical, 2 Auditing- Technical
- Average Rating:
- 266
- Categories:
- Accounting and Auditing | Partner Produced
- Faculty:
- Laura Lindal
- Course Levels:
- Intermediate
- Duration:
- 4 Hours
- License:
Description
This course will discuss the requirements of FASB Accounting Standards Update (ASU) 2016-14: Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities as well as other recently issued ASUs and how they may affect the accounting and financial reporting of nonprofits.
Basic Course Information
Learning Objectives*Identify requirements of ASU 2016-14 affecting the
- Statement of Financial Position (or equivalent)
- Statement of Activities (or equivalent)
- Statement of Cash flows
- Statement of Functional Expenses
- Financial statement disclosures
*Identify how recent changes to accounting requirements may affect nonprofits including
- Revenue recognition
- Leases
- Accounts receivable
- Inventory
Major Subjects
*Changes to the individual statements such as the Statement of Financial Position, Statement of Activities, Statement of Cash flows
*Changes to financial statement disclosures
*Incorporating other recently issued changes to U.S. generally accepted accounting principles
Course Materials
| New Financial Reporting Requirements for Nonprofits_Slides (0.88 MB) | Available after Purchase | ||
| Important CPE Credit Information_READ BEFORE WEBCAST UPDATED (0.47 MB) | Available after Purchase | ||
| New Financial Reporting Requirements for Nonprofits_Q&A (0.01 MB) | Available after Purchase | ||
Faculty
Laura Lindal Related Seminars and Products
Chairperson
Laura Lindal has more than 20 years of experience in auditing, including audits performed in accordance with OMB Circular A-133, HUD Consolidated Audit Guide and Government Auditing Standards. She has spent those 20 years understanding and documenting client's internal control, assessing risk and designing audit plans and procedures tailored to the client's internal control and the assessed risks. Laura has experience in a variety of industries, not limited to not-for-profit organizations, affordable housing, real estate development and property management, construction, mortgage banking, manufacturing, and professional service industries. Ms. Lindal is the chairperson of the Washington Society Engagement Review Acceptance Body and is a member of the Washington Society of Certified Public Accountants' Auditing and Accounting Review Services Committee. She is also a member of the American Institute of Certified Public Accountants and the Government Audit Quality Center, and is licensed in the states of California, Washington, and Alaska.
Additional Info
Basic Course Information
PrerequisitesExperience with nonprofit financial reporting
Advanced Preparation
None
Designed For
*Personnel of nonprofit organizations responsible for implementing the new financial reporting requirements
*Accountants and auditors who will be reporting on financial statements of nonprofits
Original Recording Date
04/11/2017
Yellow Book
Yes
Course Developer
WSCPA
Date Added to Catalog
01/10/2017
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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