Change is inevitable and at times overwhelming if you are unprepared. Ensure you
are current in governmental and not-for-profit accounting and auditing. This
update course is designed to prepare you for the latest accounting and auditing
developments affecting governments and not-for-profits and give you the tools
and knowledge to implement the new standards.
This course features a live instructor and has been specifically designed for the NJCPA.
DESIGNED FOR
Accounting and finance personnel responsible for accounting and financial reporting for governments and nonprofits, as well as accounting and auditing
BENEFITS
- Identify the effect of GASB statements on accounting and financial reporting for
state and local governments.
- Identify how FASB's accounting updates affect not-for-profit financial statements.
- Apply FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments
-Credit Losses (Topic 326): Measurement of Credit Losses on Financial
Instruments, to an example financial instrument.
- Identify the requirements of recently issued Statements on Auditing Standards
(SASs).
- Identify changes to the AICPA Code of Professional Conduct that affect
governments and NFPs.
- Identify changes made in the Government Auditing Standards 2024 Revision.
HIGHLIGHTS
- GASB update
- Not-for-profit accounting update
- Revenue recognition in not-for-profits
- FASB’s lease standard
- FASB update
- Auditor’s report and conforming changes
- Auditing Standards Board update
- Governmental auditing update
PREREQUISITES
Basic knowledge and experience in governmental and nonprofit accounting and audit.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- Qualifies for Yellow Book Credit