CPAR NFP - Accounting & Financial Reporting

CPAR GOV/NFP - Vol. 2017 - No. 4 - 03 - Time to Implement: New Not-for-Profit Financial Statements

Course Overview
The first major overhaul of FASB’s not-for-profit accounting rules in more than two decades presents challenges to the notfor- profit executives as well as the audit community that will be implementing the new standard. But Allen Fetterman, who lectures extensively for Loscalzo Institute on accounting and auditing issues for not-for-profit organizations, explains why the guidance is a complete overhaul of not-for-profit financial reporting, even though it does not really affect accounting policies.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify the key elements of ASU No. 2016-14, Presentation of Financial Statement of Not-for-Profit Entities
  • Recognize the changes to net asset classes brought about by the new standard
  • Identify what is new with regards to reporting liquidity under the new standard
  • Recognize how to report expenses under the new standard

Prerequisites/Advanced Preparation:

Work experience in government accounting or auditing, or an introductory course in government accounting

Speaker / Author:

CPAR Government/Not-For-Profit
SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Price (USD)

Standard: $69.90


Course Code : CPAR1313-FM

Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting - Governmental

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