Webinar

Not-for-Profit Accounting Update

  • Monday, August 3, 2020

    2:00pm – 5:54pm
  • 4
    CREDITS
    Accounting (Governmental)

This course reviews the latest developments affecting not-for-profit entities. The course includes a deep dive into Revenue Recognition for Grants & Contracts and its interplay with Topic 606. It will also provide an overview of what you need to consider in order to implement standards impacting nonprofit entities, including the definition of collections and goodwill amortization for nonprofits. Finally, this course will also cover FASB Accounting Standard Updates that will impact NFPs including reference rate reform, restricted cash, and leases.

Objectives

  • Determine if a transaction is a contribution or exchange transaction

  • Identify ASU's impacting NFP entities

  • Define the term  collection

  • Describe lease accounting under Topic 842

Highlights

  • Governemental accounting
  • Not-for-profit accounting
  • Topic 606

 

Additional Information

Designed For

Professionals in the accounting industry.

Vendor

ACPEN

Advanced Preparation

None

Credits

4.00 Accounting/Yellow Book

Prerequisite

Prior Experience with NFP financial reporting



Course Number

202770276

Level of Knowledge

Update

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