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Nonprofit FASB Reporting Requirements Update

Date: Tuesday, September 26, 2017
Time: 1:00 - 2:30 pm EST

Sponsored by Lorman Education Services


Registration - Live Webinar Only: $199.00

Registration - Live Webinar Plus CD Recording: $268.00

 

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.

Learning Objectives:

  • You will be able to discuss the new and pending changes to the FASB Not-for-Profit 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.

This Live Webinar Covers These Hot Issues:

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

Credit Information (Sponsored by Lorman Education Services):

  • CPE
  • AIPB
  • NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Instructor Profile:

Marie C. Caputo, CPA, CGMA, CGFM, CliftonLarsonAllen

  • Principal in CliftonLarsonAllen’s Calverton, 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 marie.caputo@claconnect.com

(Not available outside the US)