NFP Financial Reporting Update

Overview

Revenue recognition… leases… and goodwill…oh, my!  How do you stay on top of FASB’s newly effective standards?  This course will provide the information you need to effectively implement new accounting standards in NFP financial statements. Join us as we share real-world scenarios on how these new standards may impact your NFP or your NFP clients. 

Objectives

• Apply the most recent requirements of FASB directed toward not-for-profits.
• Identify how recent FASB activities will affect NFPs.

Highlights

• Revenue recognition in NFPs
• Accounting for leases in NFPs
• Goodwill in NFPs
• Collections
• Contributed nonfinancial assets

Designed For

• Preparers of NFP financial statements
• Auditors of NFP financial statements
• Users of NFP financial statements

Prerequisites

Identify GASB standards that are effective this year.