Surgent's The Most Critical Challenges in Not-for-Profit Accounting Today

Overview

In recent years, not-for-profits have applied critical new standards related to contributions of nonfinancial assets, leases, and more. However, with all the focus on the new stuff, have we forgotten any of the old stuff? FASB ASC 958 has a great deal to say about various accounting and reporting issues in the form of its implementation guidance and illustrations. Not knowing this guidance can result in lost time and erroneous applications of GAAP. In this course, we will review some of the most critical illustrative not-for-profit guidance issued by the FASB.

Delivery Method: Download
CPE Credit: Accounting (governmental)
Program Level: Update

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.

Highlights

Key issues related to not-for-profit financial reporting (e.g., presenting a measure of operations, various disclosures, concentrations of risk, and etc.)
Key challenges encountered in not-for-profit accounting (e.g., contributed services, restricted contributions, conditional contributions, membership dues, noncash contributions, and etc.)
Additional issues in not-for-profit financial reporting

Prerequisites

Knowledge of not-for-profit accounting

Designed For

Not-for-profit industry professionals and auditors

Objectives

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