The latest GASB developments and federal audit changes affecting governments and not-for-profits (NFPs) are explored in this update overview.
DESIGNED FOR
Accountants and finance professionals working with governments and not-for-profits
BENEFITS
- GASB update
- Not-for-profit accounting update
- GASB Statement No. 103, *Financial Reporting Model Improvements*
- GASB Statement No. 104, *Disclosure of Certain Capital Assets*
- FASB Accounting Standards Update (ASU) ASU No. 2022-03, *Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions*
- ASU No. 2023-08, *Intangibles – Goodwill and Other – Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets*
- ASU No. 2025-05, *Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets*
- Auditing Standards Board update
- Governmental auditing update
HIGHLIGHTS
Change is inevitable and at times overwhelming if you are unprepared.
You'll ensure that you understand the recent developments in governmental and not-for-profit accounting and auditing with this update course. This course is designed to prepare you for the latest accounting and auditing developments affecting governments and not-for-profits and give you the tools and knowledge to implement the new standards.
Understanding new standards that affect governmental and not-for-profit accounting
Recent updates to accounting and auditing standards will change how governmental and not-for-profit accounting and auditing is performed.
You’ll learn how to implement and understand recent additions, including:
- GASB Statements
- FASB Accounting Standards Updates
- Auditing Standards Board Updates
- Changes to Government Auditing Standards
- Detailed scenarios to increase your comprehension
- Real-world examples help increase your comprehension of how to implement the changes in your work. You’ll be empowered to properly identify when new standards should be applied.
PREREQUISITES
Basic knowledge and experience in governmental and not-for-profit accounting and auditing
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- Qualifies for Yellow Book Credit