New

Challenges of Implementing the New Not-for-Profit Financial Statement Standard (Self-Study)

Code: JI165570

Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 2.5
Field(s)
of study
Accounting (Governmental) - Technical (2.5)
Fees
Standard member fee $49.00
checkmarkStandard nonmember fee $59.00

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Description

Do you have a detailed plan to implement the new not-for-profit financial reporting standards? Are you and your not-for-profit clients ready? During this CPE course, industry experts will walk through the conversion of a not-for-profit's financial statements and notes to ensure an efficient and effective implementation of FASB ASU No. 2016-14. You will learn how to overcome the most difficult challenges stemming from this new standard through sample policies, examples of various board-designation actions, tips on liquidity management, and some expense-allocation methodologies that will help not-for-profits satisfy the new requirements. This course includes a detailed implementation tool you can use either in your own entity or to assist your clients.

Who should take this program?

Any not-for-profit preparing financial statements or practictioners preparing not-for-profit financial statements

Major subjects

  • FASB ASU No. 2016-14

Learning objective(s)

  • Identify the most significant and complex challenges in adopting FASB's new financial statement standard.
  • Determine policies, procedures, and systems that should be in place as a result of the standard.
  • Identify implementation techniques that could assist in converting a not-for-profit's financial statements and footnotes to the new standard.

Notes:

Course code Code JI165570
Sponsor AICPA
NASBA ID#: 112891
Level Intermediate
Format Self-Study (On-Demand)
Prerequisites Prereq. None
Advance
prep
None