CPAR NFP - Specialized Knowledge and Applications  |  Format: Flash

Are Not-for-Profit Organizations Ready for Revenue Recognition?

Course Overview
This is the season when not-for-profit organizations are approaching their implementation on the nature, amount, timing and uncertainty of revenue from contracts with their customers, based on the new accounting standard on revenue recognition. Fortunately for us, the Loscalzo Institute�s Allen Fetterman stays up-to-date on all of these developments, focusing on what not-for-profit organizations must disclose and how auditors can be of assistance to them.

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

  • Recognize how ASU 2014-09 on revenue recognition applies to not-for-profit organizations
  • Recognize the criteria for determining whether a not-for-profit is a public or private entity
  • Identify the five-step process to recognize revenue under ASU 2014-09
  • Recognize the not-for-profit organization�s disclosure requirements brought about by ASU 2014-09

    Catalog Number: CPAR1345-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: CPAR Government/Not-For-Profit
    Advanced Preparation:
    Work experience in government accounting or auditing, or an introductory course in government accounting
    Course Level: Update
    Field of Study: Specialized Knowledge and Applications
    Content Partner: CPAR Government/Not-For-Profit
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Aug 29, 2018 / Oct 10, 2020