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The Most Critical Challenges in Not-for-Profit Accounting Today (Z1-CNA4-2021-01-SSWC)

200 Minutes
On demand - Video

On Demand - Video

4 CPE Credits in AA

OVERVIEW

Not-for-profit entities have recently applied critical new standards related to contributions of nonfinancial assets, leases, and more. Now is the time to know more than just what the standards say – we need to know what they mean and how they will affect not-for-profit entities. This course is designed to do just that! The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced working knowledge of the challenges in not-for-profit accounting.

DESIGNED FOR

Not-for-profit industry professionals and auditors.

BENEFITS

  • Identify the critical changes occurring in not-for-profit accounting today
  • Skillfully implement today’s most challenging FASB standards affecting not-for-profits
  • More effectively audit not-for-profit entities through superior knowledge of key accounting issues

HIGHLIGHTS

  • Lessons learned (and lessons remaining) from the implementation of FASB ASC 842, Leases, and ASU No. 2020-07 related to contributions of nonfinancial assets
  • Solving contribution conundrums (e.g., conditional contributions, restricted contributions, contributed services, and etc.)
  • Additional issues in not-for-profit financial reporting

COURSE LEVEL

Update

PREREQUISITES

Knowledge of not-for-profit accounting

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • Qualifies for Yellow Book