This course covers FASB Accounting Standard Updates (ASUs) that impact NFPs. It includes a deep dive into Revenue Recognition for Grants & Contracts and its interplay with Topic 606. Attendees will also gain an understanding of what must be considered in order to implement standards impacting nonprofit entities including leases, the definition of collection, goodwill amortization for nonprofits, and gifts in kind. We close with a look at the impact of COVID19 on reporting for nonprofit entities.
* Determine if a transaction is a contribution or exchange transaction * Identify ASUs impacting NFP entities * Define the term collection * Describe lease accounting under Topic 842
See course description
Who Should Attend
Practitioners and members in industry responsible for accounting and financial reporting for nonprofit entities
Prior experience with NFP financial reporting
Additional Event Information
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CPE Select Pass Policies
The CPE Select pass is available only for NCACPA members and the price is applicable for an individual user. The pass includes access to on demand and webinar programs, but excludes webcasts, “hot topic” webinars, and on demand Ethics programming. All eligible programs for the CPE Select pass will be marked in the online catalog and in promotions. Licensed CPAs who elect the student membership status must provide proof of enrollment in an advanced degree.
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Also Available As
Saturday, January 1, 2022 (12:00 am–11:59 pm ET)
Friday, July 22, 2022 (8:30 am–12:15 pm ET)
Monday, June 13, 2022 (8:30 am–12:15 pm ET)
Thursday, August 18, 2022 (8:30 am–12:15 pm ET)
Wednesday, August 17, 2022 (8:30 am–12:15 pm ET)
Tuesday, August 16, 2022 (1:00 pm–4:45 pm ET)
Tuesday, September 20, 2022 (8:30 am–12:15 pm ET)
Tuesday, November 22, 2022 (8:30 am–12:15 pm ET)
Wednesday, December 14, 2022 (8:30 am–12:15 pm ET)
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