Professional Development and Event Catalog

The FASB’s lead staff person for NFPs will guide you through developments in GAAP that affect the NFP sector.  We’ll discuss new ASUs, implementation matters on recent standards, other current financial reporting issues, and noteworthy current FASB projects.

Many small companies have struggled to recognize the applicability of the new Current Expected Credit Loss (CECL) standard to their financial statements.  This session will discuss the standard and how it is more encompassing than many entities believe.  The standard was implemented in 2023 and is expected to get careful review by peer reviewers.  The focus of the program will be on held-to-maturity investments, accounts receivable, and net investments in leases.

This presentation will provide practical tips and strategies for nonprofit organizations to improve their cybersecurity defenses and practices. The goal of the presentation is to help nonprofit organizations protect their data and systems from cyberattacks and minimize the risk of data breaches. We will also provide an overview of the current cybersecurity landscape and the risks that nonprofits face. The presentation will be interactive and will include real-world examples and case studies to help participants understand the importance of cybersecurity and how to implement effective cybersecurity strategies.

Small businesses have always gravitated toward preparing financial statements using non-GAAP special purpose frameworks.  This session will focus on the applicability of the frameworks and the need for them to be acceptable under all current standards.  The session will pay particular attention to tax basis, FRF for SMEs, and contractual financial statements.  It will include a discussion on when each method would be preferable and AICPA guidance on the frameworks.

This session will review the CPA’s approach to preparation, compilation, and review engagements under SSARS 21-25.  It will also address the new responsibilities under SSARS 26 and findings in peer reviews.  There will be a special focus on the need to properly classify the engagement, engagement letters, and the applicability of SSARS standards.

For more than 40 years, Don Farmer Tax Education has built a stellar reputation as the go-to national authority on federal, corporate and individual income tax, known for delivering engaging taxation seminars on pressing tax matters. In addition to 8-hour seminars, Don Farmer Tax Education produces a monthly federal tax enewsletter packed with insights, tips and timely reminders delivered straight to your inbox. Subscribe today! Subscription information — The annual newsletter subscription is just $180 per year. Click here to see the February 2024 edition for a preview of what you can expect to receive each month. For more information about Don Farmer Tax Education, visit donfarmercpa.com.