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Challenges of Implementing the New Not-for-Profit Financial Statement Standard

Challenges of Implementing the New Not-for-Profit Financial Statement Standard

Quick Overview
Do you have a detailed plan to implement the new not-for-profit financial reporting standards? Are you and your not-for-profit clients ready? During this CPE course, industry experts will walk through the conversion of a not-for-profit's financial statements and notes to ensure an efficient and effective implementation of FASB ASU No. 2016-14. You will learn how to overcome the most difficult challenges stemming from this new standard through sample policies, examples of various board-designation actions, tips on liquidity management, and some expense-allocation methodologies that will help not-for-profits satisfy the new requirements. This course includes a detailed implementation tool you can use either in your own entity or to assist your clients.

Credits - 2.50
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Price: 69.00
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Author(s)

Cathy Clarke, CPA; Tim McCutcheon, CPA

Field(s) of study

Accounting (Governmental)

Level of difficulty

Intermediate

Topics discussed

FASB ASU No 2016-14

Objectives

Identify the most significant and complex challenges in adopting FASB's new financial statement standard, Determine policies, procedures, and systems that should be in place as a result of the standard, Identify implementation techniques that could assist in converting a not-for-profit's financial statements and footnotes to the new standard

Designed for

Any not-for-profit preparing financial statements or practictioners preparing not-for-profit financial statements