Program Content
The new not-for-profit reporting model, under ASU 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, is now required for all not-for-profit organizations. In addition, ASU 2018-08, Accounting Guidance for Contributions Received and Contributions Made, will soon be required to be followed during the same period as ASC 606, Revenue from Contracts with Customers. This webcast will focus on these new financial reporting standards, along with a discussion of current events as it relates to recipients of Federal awards. Specifically, in this webcast we will:
- Share implementation tips and best practices relating to the adoption of ASU 2016-14
- Apply the principles of ASU 2018-08 when assessing various grants and contracts
- Report on the status of other FASB projects and activities impacting not-for-profit organizations and higher education institutions
- Report on current events as it relates to Federal Uniform Guidance compliance, audits, filing with the Single Audit Clearinghouse and the impact of the new Yellow Book
This webcast is intended to help financial statement users and prepares of not-for-profit organization and higher education institution financial statements understand the key changes and impacts of the new accounting standards and Uniform Guidance.
Learning Objectives:
- Identify current accounting standards in effect for not-for-profit organizations and what new or updated standards are on the horizon
- Recognize the impact the uniform guidance changes will have on nonprofit organizations as recipients of federal funding
- Report on the status of other FASB and AICPA projects and activities impacting not-for-profit organizations
Speakers:
- Dennis Morrone, National Partner-in-Charge, Audit Services, Not-for-Profit and Higher Education Practices, Grant Thornton LLP
- Claire Esten, Partner, Audit Services, Not-for-Profit and Higher Education Audit Practices, Grant Thornton LLP
- Kimberly McCormick, Partner, Audit Services, Not-for-Profit and Higher Education Audit Practices, Grant Thornton LLP
Recommended Field of Study: Accounting
Program Level: Overview
Prerequisite: None
Delivery Method: Group-internet
If you have any questions or encounter any difficulties while enrolling, please contact technical support via phone at +1 877 398 9939, via email at
GTWebcast@centurylink.com, or visit our
webcasting frequently asked questions page.
If you have any questions regarding CPE credit, please contact CPE support via phone at +1 630 396 5831, via email at
CPEEvents@us.gt.com, or visit our
webcast CPE information page.
