The Not-for-Profit Advisory Committee (NAC) has been meeting with FASB to discuss the impact of various standards on the nonprofit community. In this course, we will explore the work of the NAC and the impact they've had. We then transition to the Accounting Standards Updates (ASUs) issued by the FASB that are impacting nonprofit entities, including a deep dive into the leases standard which is effective for many nonprofits this fiscal year. We will close with a look at common deficiencies found in grant accounting.
DESIGNED FOR
Ideal for practitioners and members in industry responsible for accounting and financial reporting for nonprofit entities
BENEFITS
HIGHLIGHTS
- Recall the impact of ASUs on nonprofit organizations
- Recall the activities of the nonprofit advisory committee
- Identify the financial reporting impact of Topic 842, Leases
- Identify common deficiencies in grant accounting
COURSE LEVEL
Update
ADDITIONAL NOTES
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