The Most Critical Challenges in Not-for-Profit Accounting Today
4.00 Credits
Member Price $145
Non-Member Price $195
Overview
This course is offered in collaboration with multiple state societies and is hosted by the Indiana Society of CPAs.
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.
Highlights
• 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
Prerequisites
Knowledge of not-for-profit accounting
Designed For
Not-for-profit industry professionals and auditors
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
Preparation
None
Non-Member Price $195
Member Price $145