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ASU No. 2016-14 In Just Four Hours (ASU400)

 
Date:Tuesday, October 16, 2018
Time:8:30am - 12:00pm
(Registration at 8:00am )
Facility:Holiday Inn Palm Beach Airport Hotel, West Palm Beach
CPE Credit:4.0 Accounting and Auditing
Instructor: Robert P. Bedwell, CPA
Vendor:Surgent McCoy
Course Level:Intermediate
Early Bird Price:$150.00 FICPA Members, $215.00 Non-Members

Description:
ASU No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, will usher in the most significant changes to not-for-profit financial reporting in over 20 years when it becomes effective for December 31, 2018, year-ends. To properly implement the new financial reporting model professionals will need to hve a strong, working knowledge of the new requirements. Now is the time to obtain that knowledge! This course will explain the new requirements, illustrate how the requirements will manifest themselves in the financial statements, and explain key options that not-for-profits have in implementing the requirements.
 
The course will also examine other key issues on the horizon related to revenue recognition and leases. The course materials utilize a highly illustrative and innovative format to provide an enhanced working knowledge of not-for-profit financial reporting.


Objectives:
When you complete this course, you will be able to:
  • Obtain a working knowledge of the new not-for-profit financial reporting requirements contained in ASU no. 2016-14
  • Skillfully prepare a not-for-profit's financial statements through superior knowledge of reporting requirements
  • Prepare for tomorrow's changes coming in the areas of revenue recognition and leases


Major Topics:
Topics of discussion will include:
  • Changes in the reporting of net assets and how they wil play out in the statement of financial position and the statement of activities
  • How the reporting of functional and natural expense information is changing
  • The new requirements related to providing liquidity information
  • Changes to the statement of cash flows
  • Developing issues related to revenue recognition and leases


Who Should Attend:
Not-for-profit industry professionals and auditors


Prerequisite:
Some introductory background in not-for-profit accounting and reporting


Advanced Preparation:
None


Note:

Qualifies for Yellow Book credit

FICPA EZMaterials! Instead of picking up paper manuals at the event, you’ll be able to download the EZMaterials as searchable PDFs to your laptop, tablet or other device seven days before the event. 


Session/Options

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Registration Status: OPEN