This program will provide an update on several standards related to financial statement preparation, including disclosure of nonfinancial assets for non-for-profit entities (ASU 2020-07) and the new lease standard. Additional topics covered will include accounting procedures for the New Jersey Business Alternative Income Tax (NJ BAIT), digital assets and government assistance.
DESIGNED FOR
CPAs in public accounting or in industry
BENEFITS
Learn about several accounting standards and procedures.
HIGHLIGHTS
- New not-for-profit standard on contributions of nonfinancial assets (ASU 2020-07)
- Quick review of the new lease standard
- Accounting for the NJ BAIT
- Accounting for digital assets
- Accounting for government assistance
PREREQUISITES
None
ADVANCE PREPARATION
None