Lorman offers professional resources regarding COVID-19 and the 2020 Election

Available in:

OnDemand Course
MP3 Download

Nonprofit FASB Reporting Requirements Update

Gain an understanding of these changes as well as implementation tips.

With the impact of the COVID-19 pandemic and new accounting standards, changes are in store for nonprofit organizations that will impact nearly every nonprofit organization's financial statements. We will highlight standards that may need to be applied to your financial statements due to the impact of the pandemic such as going concern, functional allocation of expenses and lease concessions as well as how to handle changes in events. Has your organization received COVID-19-related funding? Do you know how to account for these transactions? Did this funding create a single audit requirement? To answer these questions, we will dive into the accounting for PPP loans, single audit requirements, and accounting for credits and deferred payroll taxes. We will round out our discussion with an exploration of accounting and other standards effective now and in the future including those impacting revenue recognition, fair value disclosure, goodwill and intangibles, collections, lease accounting, gifts in kind, reference rate reform and auditor reporting standards.

88 minutes
Course Exam
Certificate of Completion
Purchase Options

More Program Information

Why Lorman?

Over 34 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

Accounting Standards Relevant in 2021 Due to the COVID-19 Pandemic

  • Changes in Events
  • Going Concern
  • Functional Allocation of Expenses
  • Lease Concessions

Impact of PPP and Other COVID-19-Related Funding on Financial Statements

  • Accounting for PPP Loans
  • When Is a Single Audit Required?
  • What Is the Employer Retention Credit?
  • Accounting for Credits and Deferral of Payroll Taxes

New Accounting and Other Standards Effective Now and in the Future

  • Revenue Recognition
  • Fair Value Measurement Disclosure Framework
  • Goodwill and Intangibles
  • Updating the Definition of Collections
  • Lease Accounting
  • Gifts in Kind
  • Reference Rate Reform
  • Auditor Reporting Standards
Purchase Options

More Program Information

Why Lorman?

Over 34 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 Course

This course was last revised on August 2, 2021.

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

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     

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.

Purchase Options

More Program Information

Why Lorman?

Over 34 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 120 offices across the country
  • Leader in the firm’s nonprofit practice, which includes more than 7,000 nonprofit clients
  • More than 29 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 Humentum
  • Recognized as a SmartCPA by the Washington SmartCEO magazine
  • B.S. degree in accounting, University of Maryland, College Park
  • Can be contacted at 301-902-8518 or [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 34 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!


  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 408945
Published 2021
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!