Mobile Edition

New Financial Reporting Requirements for Nonprofits (ACNFR08)

Date:Wednesday, December 13, 2017
Time:11:00AM - 3:00 PM
(Registration at 10:30AM)
Facility:Webcast or Webinar, Online
CPE Credit:4.0 Accounting and Auditing
Course Level:Intermediate
Early Bird Price:Not applicable or see below.


This course will discuss the requirements of FASB Accounting Standards Update (ASU) 2016-14: Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities as well as other recently issued ASUs and how they may affect the accounting and financial reporting of nonprofits.


  • Identify requirements of ASU 2016-14 affecting the

    • Statement of Financial Position (or equivalent)
    • Statement of Activities (or equivalent)
    • Statement of Cash flows
    • Statement of Functional Expenses
    • Financial statement disclosures

  • Identify how recent changes to accounting requirements may affect nonprofits including

    • Revenue recognition
    • Leases
    • Accounts receivable
    • Inventory

    Major Topics:

  • Changes to the individual statements such as the Statement of Financial Position, Statement of Activities, Statement of Cash flows

  • Changes to financial statement disclosures

  • Incorporating other recently issued changes to U.S. generally accepted accounting principles

    Who Should Attend:
    *Personnel of nonprofit organizations responsible for implementing the new financial reporting requirements *Accountants and auditors who will be reporting on financial statements of nonprofits

    Experience with nonprofit financial reporting

    Advanced Preparation:


    If listed below, select the appropriate sessions or options to continue with your purchase.

    Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.