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Tuesday, June 25, 2019 Iselin

The Essential Course for Preparing Not-for-Profit Financial Statements Under ASU No. 2016-14 (E1906073)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

APA Hotel Woodbridge

120 Wood Avenue South
Iselin, NJ 08830

8.0 CPE Credits in AA

OVERVIEW

ASU No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, is the most significant not-for-profit reporting standard in over 20 years and is now fully effective. To properly implement the new financial reporting model professionals must have a strong, working knowledge of the new requirements. This course explains the new requirements, illustrates how the requirements manifest themselves in the financial statements and clarifies key options that not-for-profits have in implementing the requirements. The course also examines other key changes affecting not-for-profits including the new revenue recognition and contribution requirements (which apply to 12/31/19 year-ends) and leases (which apply to 12/31/20 year-ends). The course materials utilize a highly illustrative and innovative format, including over 30 focused exercises to provide an enhanced working knowledge of not-for-profit accounting and reporting.

DESIGNED FOR

Not-for-profit industry professionals and auditors.

BENEFITS

  • 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

HIGHLIGHTS

  • The key requirements, options, and disclosures related to each of the basic financial statements
  • How the reporting of functional and natural expense information has changed
  • The new requirements related to providing liquidity and availability of financial assets information
  • The implementation of ASU No. 2018-08 and its effect on the accounting for grants and contracts as well as contributions in general
  • How the new lease requirements (ASU No. 2016-02, Leases) impact not-for-profits
  • Core not-for-profit accounting requirements related to contributions, promises to give, contributed services, net assets, special events, the classification of expenses, and more

COURSE LEVEL

Intermediate

PREREQUISITES

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

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • Qualifies for Yellow Book.

Course materials are distributed electronically. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Jeffrey Lieman

Jeffrey Lieman, CPA

AICPA/Professional Development Institute

Mr. Lieman currently heads his own consulting firm, Lieman Associates LLC, in Owings Mills, Maryland. He provides consulting services, contractual assistance services, and training to CPAs, their firms, and their clients. He is recognized nationally as a lecturer for various accounting, auditing, and technology topics and has been quoted in various trade journals. Since 2016, he has received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Mr. Lieman's previous experience included serving as the chief financial examiner for the Maryland Insurance Administration and being a director for Ellin & Tucker, Chartered. He trained staff in many areas of accounting, administration, and consulting. He also served as a senior manager and national trainer with KPMG in Baltimore, Maryland where he developed training materials for staff and instructors. He was elected Chairman of the Year by the Maryland Association of CPAs for chairmanship of the Computer Resources Committee.

PRICING

$279.00 - Member

$379.00 - Non Member

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Request a reminder

Print a registration form

COURSE DEVELOPER

Surgent

Qualifies For

  • Yellow Book