Annual Update for Governments and Not-for-Profits

Tuesday, April 20, 2021
Webcast or Webinar, Online
2:00 PM - 5:53 PM (opens at 1:30 PM) EST
4Credits
Accounting and Auditing

Registration is 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.

Members
$129.00 Regular Price
Non-Members
$159.00 Regular Price
Course Type: Webcast
Course Code: 21/AC773714
Level: Update
Vendor: ACPEN
Field of Study: Auditing (Governmental), Accounting (Governmental)

Overview:

This course reviews accounting standards recently issued by the Government Accounting Standards Board (GASB) as well as those that will be effective in the near future. We then switch gears and discuss ASUs directly impacting nonprofit entities including revenue recognition, amortization of goodwill, and the definition of a collection. Finally, we close with a high-level overview of the changes to Yellow Book.

Objectives:

  • Identify changes to governmental accounting
  • List the indicators of a barrier
  • Determine if a transaction is a contribution or exchange transaction
  • Describe changes to Yellow Book

 

Major Topics:

  • Accounting standards recently issued by the Government Accounting Standards Board (GASB).
  • Yellowbook
  • Auditing

 

Designed For:

Practitioners and members in industry responsible for accounting and financial reporting for nonprofit and governmental entities.

Prerequisite:

Prior experience with financial reporting and auditing of governmental and nonprofit entities.