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4 CPE

Surgent's The Most Critical Challenges in Not-for-Profit Accounting Today

This is a text-based course

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4 CPE

This is a text-based course. To receive credit, you are required to review all content and achieve a minimum score of 70% on the final exam.

Not-for-profit entities have recently applied critical new standards related to contributions of nonfinancial assets, leases, and more. Now is the time to know more than just what the standards say – we need to know what they mean and how they will affect not-for-profit entities. This course is designed to do just that! The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced working knowledge of the challenges in not-for-profit accounting.

Learning Objectives

  • Identify the critical changes occurring in not-for-profit accounting today
  • Skillfully implement today’s most challenging FASB standards affecting not-for-profits
  • More effectively audit not-for-profit entities through superior knowledge of key accounting issues

Major Topics

  • Lessons learned (and lessons remaining) for the implementation of FASB ASC 842, Leases, and the new requirements related to contributions of nonfinancial assets in ASU No. 2020-07
  • Solving contribution conundrums (e.g., conditional contributions, restricted contributions, contributed services, etc.)
  • Additional issues in not-for-profit financial reporting

CPE Credits Available

4 CPE
4
Accounting (Governmental)

Things to Know About This Course

Course Level

  • Update

Professional Area of Focus

  • Accounting & Auditing
  • Governmental
  • Not-for-Profit/Non Profit

Prerequisites

Knowledge of not-for-profit accounting

Advanced Preparation

None

Intended Audience

Not-for-profit industry professionals and auditors

Provider

Surgent CPE

Purchase This Course

  • COCPA Member

    $ 79 79
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  • COCPA Non-Member

    $ 103 103
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