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Nonprofit FASB Reporting Requirements Update - Webinar

  • ID: 4071086
  • Webinar
  • 90 Minutes
  • Lorman Business Center, Inc.
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Gain an understanding of these changes as well as implementation tips.

Major changes are in store for nonprofit organizations that will impact nearly every nonprofit organizations financial statements. Learn how these changes will impact net asset classification, reporting of financial performance measures, reporting of expenses by function and nature, presentation of cash flow information, recognition of revenue, and accounting for leases. We will dive into specific revenue recognition areas most relevant to nonprofits including contributions, bifurcation, membership dues, tuition and fees, licenses and royalties, and governmental grants and contracts.

Learning Objectives
  • You will be able to discuss the new and pending changes to the FASB NotforProfit Reporting model.
  • You will be able to explain the new improvements to net asset classification requirements.
  • You will be able to describe changes to reporting of financial performance measures and expenses by function and nature.
  • You will be able to review the new changes to revenue recognition and the related implementation activities.
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FASB Not-for-Profit Reporting Model
  • Effective Dates and Transition
  • Net Assets
  • Investment Returns
  • Expenses
  • Operating Measures
  • Liquidity/Availability
  • Statement of Cash Flows
Revenue Recognition
  • Effective Dates
  • Objectives
  • Scope
  • Nonprofit Industry Considerations
  • Contributions
  • Bifurcation
  • Membership Dues
  • Tuition and Fees
  • Licenses and Royalties
  • Governmental Grants and Contracts
  • Implementation Tips
Overview of the New Lease Standard
  • Overview of the Changes
  • Effective Dates
  • Lease Classification
  • Recognition and Measurement
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Marie C. Caputo, CPA, CGMA, CGFM - CliftonLarsonAllen
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This webinar is designed for accountants, CPAs, executive directors, officers, controllers, CFOs, tax managers, presidents, vice presidents, and bookkeepers.
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Order Online - visit: https://www.researchandmarkets.com/reports/4071086