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22WC-1014: Nonprofit A&A Series: Session 4 - Revenue Recognition (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Tuesday, December 20, 2022
2:00pm - 4:00pm Central Time
2 CPE (2 technical)

Stay current in the nonprofit world with this deep dive into accounting for and auditing revenue streams in nonprofits. We will review recent new standards and consider them with case studies. The case studies will include familiar and complex situations and include audit techniques to identify potential misstatements.

Major subjects

  • Pledges and contributions
  • Restrictions and conditions
  • Special concerns with governmental funding
  • Donated goods and services
  • Special events
  • Revenues earned through sales and services to customers

Learning objective(s)

  • Recognize financial statement presentation requirements for nonprofits
  • Learn about how to account for and disclose COVID-related assistance and risks
  • Learn about the new grant accounting guidance in ASC 606 and gifts-in-kind standard
  • Plan for changes required by the new revenue recognition and lease accounting standards
  • Consider methodologies for cost allocation for the functional presentation and grant accounting needs
  • Identify accounting challenges for nonprofits
  • Identify audit issues unique to nonprofits

Who should take this program?

CPAs, auditors, accountants and financial professionals

Fees

Standard Member Fee $79.00
Standard Nonmember Fee $109.00

More program information

Location Online
Area
of study Not-for-profit
Field(s)
of study Accounting - Technical (2.0)
Level Intermediate
Format Group Internet Based
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Prerequisites Prereq. Familiarity with accounting requirements for nonprofits and generally accepted auditing standards
Advance
prep None
Cancellation
policy Receive a full refund if you cancel at least four business days before the event start date. Learn more

Notes:

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If you have questions about this event, please call us at 952-831-2707.