November 6, 2024


Webinar


2 CPE

Webinar (CPA Crossings): NFP Reporting and Presentation 🗓️

November 6, 2024
Webinar
2 CPE

Webinar (CPA Crossings): NFP Reporting and Presentation 🗓️

  • Instructor

    Adelina
    Burke

Learning Objectives

After attending this presentation, you will be able to...

  • Identify the major components of reporting in not-for profit organizations
  • Determine how to prepare, in accordance with GAAP, the note disclosures for a not-for-profit entity's (NFP)'s financial statements relating to ASU 2016-14 and ASU 2016-18
  • Evaluate going concern and subsequent events resulting from COVID-19
  • Recognize appropriate accounting for recording and recognizing contributions
  • Recognize key facts and impacts of current accounting standard updates

Major Topics

The major topics covered in this course include:

  • Presentation of NFP financial statements focusing on ASU 2016-14 and ASU 2016-18 with example disclosures
  • Common pitfalls on functional expense reporting
  • Tips to consider on functional expense reporting
  • Ways to manage liquid resources
  • Peer review findings relating to implementation of ASU 2016-14
  • Items to consider when preparing for an audit and reviewing financial statements related to COVID-19 (underwater endowments, liquidity, going concern, subsequent events etc.)
  • Key facts and impacts on current ASUs
  • Cybersecurity issues

CPE Credits Available

2 CPE
2
Auditing

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Accounting & Auditing

Prerequisites

None

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

CPAs who want to know changes in respect to NFP reporting and presentation.

Provider

CPA Crossings, LLC

This event has ended.