Not-for-Profit Organizations: Accounting and Auditing Update (Completed)

Seasoned Guidance on Latest Developments for Accountants and Auditors Working with Not-for-Profit Organizations

The FASB and AICPA have been busy this past year issuing many new standards that affect CPAs in industry and public practice who work with not-for-profit organizations. This session will provide you with practical guidance in understanding and applying those new standards that impact NFPs.

Andrew Prather, CPA, leader in the not-for-profit services group at Clark Nuber, the award-winning CPA and consulting firm headquartered in the Seattle metropolitan area, will lead you through the discussion in this two-hour online CPE seminar. He will draw on their many years of in-the-trenches experience with not-for-profit accounting issues to provide a practical summary and real-world guidance on the updated requirements.

Who Should Attend
CPAs, auditors, and financial professionals who work for or with not-for-profit organizations.

Topics Covered

• New FASB standard proposed to significantly change the financial reporting model for not-for-profit organizations
• New FASB standards on consolidations, fair value disclosures, and other topics
• New FASB proposed changes for revenue recognition for grants and similar contracts
• New AICPA auditing standards for going concern assessments

Learning Objectives

• Identify recently issued FASB standards and how they impact not-for-profit organizations
• Recognize significant accounting changes that are on the horizon for not-for-profit organizations
• Discuss how recent AICPA standards impact a not-for-profit's review, compilation, or financial statement preparation

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)

Program Prerequisites
Basic knowledge of accounting and auditing of not-for-profit organizations

Advance Preparation
None