Not-for-Profit Accounting Update

Monday, May 03, 2021
Webcast or Webinar, Online
2:00 PM - 5:54 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/AC770484
Level: Update
Vendor: ACPEN
Field of Study: Accounting (Governmental)

Overview:

This course reviews the latest developments affecting not-for-profit entities.  The course includes a deep dive into Revenue Recognition for Grants & Contracts and its interplay with Topic 606.  It will also provide an overview of what you need to consider in order to implement standards impacting nonprofit entities, including the definition of collections and goodwill amortization for nonprofits. Finally, this course will also cover FASB Accounting Standard Updates that will impact NFPs including reference rate reform, restricted cash, and leases.

Objectives:

  • Determine if a transaction is a contribution or exchange transaction

  • Identify ASU's impacting NFP entities

  • Define the term  collection

  • Describe lease accounting under Topic 842

Major Topics:

  • Governemental accounting
  • Not-for-profit accounting
  • Topic 606

 

Designed For:

Professionals in the accounting industry.

Prerequisite:

Prior Experience with NFP financial reporting