Governmental and Not-for-Profit Annual Update
The latest GASB developments and federal audit changes affecting governments and not-for-profits (NFPs) are explored in this update overview.
Format
Online
NASBA Field of Study
Accounting (Governmental)
Level
Update
CPE Credits
11
Author(s)
Melisa F. Galasso
Availability
1 year
Product Number
GNAU24SSO
Change is inevitable and at times overwhelming if you are unprepared.
You'll ensure you understand the recent developments in governmental and not-for-profit accounting and auditing. This update course is designed to prepare you for the latest accounting and auditing developments affecting governments and not-for-profits and give you the tools and knowledge to implement the new standards.
Understanding new standards that affect governmental and not-for-profit accounting
Recent updates to accounting and auditing standards will change how governmental and not-for-profit accounting and auditing is performed. You’ll learn how to implement and understand recent additions, including:
- GASB Statements
- FASB Accounting Standards Updates
- Auditing Standards Board Updates
- Updates to the AICPA Code of Professional Conduct
- Changes to Government Auditing Standards
Detailed scenarios to increase your comprehension
Real-world examples help increase your comprehension of how to implement the changes in your work. You’ll be empowered to properly identify when new standards should be applied.
Who Will Benefit
Accountants and finance professionals working with governments and not-for-profits
Key Topics
- GASB update
- Not-for-profit accounting update
- Revenue recognition in not-for-profits
- FASB’s lease standard
- FASB update
- Auditor’s report and conforming changes
- Auditing Standards Board update
- Governmental auditing update
Learning Outcomes
- Identify the effect of GASB statements on accounting and financial reporting for state and local governments.
- Identify how FASB's accounting updates affect not-for-profit financial statements.
- Apply FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, to an example financial instrument.
- Identify the requirements of recently issued Statements on Auditing Standards (SASs).
- Identify changes to the AICPA Code of Professional Conduct that affect governments and NFPs.
- Identify changes made in the Government Auditing Standards 2024 Revision
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
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