2024 Not-for-Profit Accounting Update
Tuesday, March 25, 2025
Webcast or Webinar, Online
12:00PM - 4:00 PM (opens at 11:30AM) EST
4Credits
Accounting and Auditing
Registration is Open
Members
$129.00 Regular Price
Non-Members
$159.00 Regular Price
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Course Type: Webcast
Course Code: 24/AC914337
Level: Update
Vendor: ACPEN
Field of Study: Accounting (Governmental)
Overview:
The Not-for-Profit Advisory Committee (NAC) has been meeting with FASB to discuss the impact of various standards on the nonprofit community. In this course, we will explore the work of the NAC and the impact they've had. We then transition to the Accounting Standards Updates (ASUs) issued by the FASB that are impacting nonprofit entities, including a review of year 2 issues with respect to the leases standard including modification accounting. We will close with a look at common deficiencies found in nonprofit financials.
Objectives:
- Recall the impact of ASUs on nonprofit organizations
- Recall the activities of the nonprofit advisory committee
- Identify the financial reporting impact of modification of lease contracts
- Identify common deficiencies in nonprofit accounting
Major Topics:
- NAC
- CECL
- Leases
Major Topics:
- NAC
- CECL
- Leases