Surgent's The Most Critical Challenges in Not-for-Profit Accounting Today

Monday, August 19, 2024
Webcast or Webinar, Online
1:30 PM - 5:00 PM (opens at 1:00 PM) EST
4Credits
Accounting and Auditing

Registration is Open

Members
$159.00 Regular Price
Non-Members
$219.00 Regular Price

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$80.00 Members / $112.00 Non-Members
Course Type: Webcast
Course Code: 24/SUCNA428
Level: Update
Vendor: Surgent
Field of Study: Accounting (Governmental)

Overview:

Not-for-profit entities have recently applied critical new standards related to contributions of nonfinancial assets, leases, and more. Now is the time to know more than just what the standards say - we need to know what they mean and how they will affect not-for-profit entities. This course is designed to do just that! The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced working knowledge of the challenges in not-for-profit accounting.

Objectives:

  • Identify the critical changes occurring in not-for-profit accounting today
  • Skillfully implement today’s most challenging FASB standards affecting not-for-profits
  • More effectively audit not-for-profit entities through superior knowledge of key accounting issues

Major Topics:

  • Lessons learned (and lessons remaining) from the implementation of FASB ASC 842, Leases, and ASU No. 2020-07 related to contributions of nonfinancial assets
  • Solving contribution conundrums (e.g., conditional contributions, restricted contributions, contributed services, and etc.)
  • Additional issues in not-for-profit financial reporting

Major Topics:

  • Lessons learned (and lessons remaining) from the implementation of FASB ASC 842, Leases, and ASU No. 2020-07 related to contributions of nonfinancial assets
  • Solving contribution conundrums (e.g., conditional contributions, restricted contributions, contributed services, and etc.)
  • Additional issues in not-for-profit financial reporting

Designed For:

Not-for-profit industry professionals and auditors

Prerequisites:

Knowledge of not-for-profit accounting