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Nonprofit FASB Reporting Requirements Update

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 organization's 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.

Runtime: 88 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

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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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on March 22, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Marie C. Caputo, CPA, CGMA, CGFM

Marie C. Caputo, CPA, CGMA, CGFM

CliftonLarsonAllen

  • Principal in CliftonLarsonAllen’s Greenbelt, Maryland office
  • CliftonLarsonAllen is a national accounting firm with more than 100 offices across the country
  • Growth network and operational leader of the firm’s nonprofit practice, which includes more than 8,000 nonprofit clients
  • More than 25 years of experience
  • Conducts regular presentations and writes articles on topics relevant to the nonprofit industry
  • Co-chair of the not-for-profit committee of the Maryland Association of CPAs
  • FASB Resource Group member
  • Member of relevant professional organizations such as the American Institute of CPAs, American Society of Association Executives and InsideNGO
  • Recognized as a SmartCPA by the Washington SmartCEO magazine
  • B.S. degree in accounting, University of Maryland, College Park
  • Can be contacted at 301-931-2050 or [email protected]
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 401751
Published 2018
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