November 29, 2022 1:00pm – 3:00pm Map & Directions 602-252-4144

Webcast: Nonprofit A&A Series: Session 1-Updates of New Standards

Description

Stay current in the nonprofit world by discussing recent changes and requirements for nonprofit accounting and auditing. This year's course will include a section covering the recognition and presentation of COVID-related transactions and uncertainties in the nonprofit context, as well as new audit and accounting standards that will affect nonprofit organizations.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

12:30pm

Fees

Member:
$75
Non-CPA Staff:
$101
Non-CPA Staff (100% club):
$75
Non-CPA Staff (sole proprietor):
$75
Non-Member:
$101
Webcast
Accounting & Auditing
2

Objectives

  • Consider how to account for and disclose ongoing transactions from COVID-related assistance
  • Learn about the gifts-in-kind standard
  • Consider the impact of the new audit standards on communications with audit committees and board members
  • Plan for changes required by the new lease accounting standard

Course Level

Intermediate

Vendor

CalCPA Education Foundation More With This Vendor

Designed For

CPAs, auditors, accountants and financial professionals working in nonprofit organizations

Prerequisites

Familiarity with accounting requirements for nonprofits and generally accepted auditing standards

Highlights

  • A recap of revenue recognition (606) and grant accounting (ASU 2018-08) implementation with a focus on challenging areas
  • Gifts-in-kind-New standard and review of valuation concerns
  • COVID impact on nonprofit organizations-Financial statement disclosure considerations and accounting for Federal assistance or programs continuing to impact accounting
  • New audit standards and their impact on communications with nonprofit management and those charged with governance
  • Refresher regarding the new lease standard

Notes

None

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