FASB's New Not-for-Profit Financial Reporting Standard

Authored by Andrew Prather
About this Course
Topics covered include: Overview of the new standard; Key changes for not-for-profit financial statements; Effective date of the new standard and transition guidance; Practical guidance on how to apply the required changes. Upon completing this course, you should be able to: Identify and apply the new financial reporting requirements for Not-for-Profits (NFPs); Differentiate which new requirements impact your NFP; Recognize the effective date of the changes; Differentiate ASUs and how they apply to NFP entities; Identify the new GAAP option with respect to accounting for the release of donor restrictions; Describe expense reporting under the new amendments; Recognize examples of defining internal investment expenses; Identify areas needed improvement as it relates to GAAP for NFPs; Identify implementation consideration for net assets under the new requirements; Recognize the requirements of a two-part disclosure under the new amendment.
$ 24.00
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NASBA Field of Study
Auditing
Level
Basic
CPE Credits
2.0
Prerequisites
None
Last Updated
11/05/2018
14867