New Search Add to Cart

Overview

8.0 Credits
IN-PERSON

ASU No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, will usher in the most significant changes to not-for-profit financial reporting in over 20 years when it becomes effective for December 31, 2018, year-ends. To properly implement the new financial reporting model professionals will need to have a strong, working knowledge of the new requirements. Now is the time to obtain that knowledge! This course will explain the new requirements, illustrate how the requirements will manifest themselves in the financial statements, and explain key options that not-for-profits have in implementing the requirements. The course will also update on you on today's core not-for-profit accounting requirements while also examining other key issues on the horizon related to revenue recognition and leases. The course materials utilize a highly illustrative and innovative format, including over 25 focused exercises to provide an enhanced working knowledge of not-for-profit accounting and reporting.

Objectives

 Obtain a working knowledge of the new not-for-profit financial reporting requirements contained in ASU No. 2016-14  Skillfully prepare a not-for-profit's financial statements through superior knowledge of accounting and reporting requirements  Effectively apply today's core not-for-profit accounting requirements while also preparing for tomorrow's changes coming in the areas of revenue recognition and leases

Major Topics

 Changes in the reporting of net assets and how they will play out in the statement of financial position and the statement of activities  How the reporting of functional and natural expense information is changing  The new requirements related to providing liquidity information  Changes to the statement of cash flows  Core not-for-profit accounting requirements related to contributions, promises to give, contributed services, net assets, special events, the classification of expenses, and more  Developing issues related to revenue recognition and leases

Designed For

Not-for-profit industry professionals and auditors

Prerequisite

Some introductory background in not-for-profit accounting and reporting

Sessions

Please select the appropriate session or option below to continue with your online purchase.

Materials Option:

How would you like to receive your course materials?:

Your registration fee includes an electronic copy of the course manual. Your eMaterials will be available for download in the "My CPE" area of the website one week before the program date. Please note: Program cancellations will not be allowed once you have downloaded your eMaterials from the website. Copyright note: Reproduction or distribution of the manual or any portion of it is prohibited unless written permission is obtained from the course provider.

We will print a manual and provide it to you at registration the morning of the program.

Add to Cart