Not-for-Profit Organizations: Accounting and Audit Update (Currently Unavailable)

Author: Andrew Prather

Join CPA, Andrew Prather while he walks you through the recently issued accounting standards and how they impact not-for-profit organizations.

Publication Date: April 2017

Designed For
CPAs, auditors, and financial professionals who work for or with not-for-profit organizations.

Topics Covered

• New FASB standard to significantly change the financial reporting model for not-for-profit organizations
• New FASB standards on revenue recognition, fair value disclosures, debt issuance costs, and other topics
• New AICPA standards for review, compilation, and preparation engagements

Learning Objectives

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

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

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

Advance Preparation
None