NFP Financial Reporting Update
New standards will affect this year’s financial statements for not-for-profits — prepare now to ensure compliancy.
Format
Webcast
Date
Apr 18, 2023
NASBA Field of Study
Accounting
Level
Update
CPE Credits
3
Author(s)
Melisa F. Galasso
Availability
3 months
Product Number
VNFPFRU22100
Updated FASB standards for NFP
The Financial Accounting Standards Board (FASB) has announced new standards concerning not-for-profit (NFP) organizations.
To stay compliant, you'll need to know the upcoming changes to how you approach revenue recognition, account for leases, and calculate goodwill.
Learn from real-world scenarios how you can implement FASB's new standards when preparing and auditing a not-for-profit's financial statements.
Key Topics
- Revenue recognition in NFPs
- Accounting for leases in NFPs
- Goodwill in NFPs
- Collections
- Contributed nonfinancial assets
Learning Outcomes
- Apply the most recent requirements of FASB directed toward not-for-profits.
- Identify how recent FASB activities will affect NFPs.
Who Will Benefit
- Preparers of NFP financial statements
- Auditors of NFP financial statements
- Users of NFP financial statements
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