Have you considered early adopting FASB’s financial reporting standard? During this session, we will walk through case studies that will provide a step by step guide to converting a not-for-profit's financial statements and notes to ensure efficient and effective implementation of FASB ASU 2016-14. You will learn how to overcome the most difficult challenges stemming from this new standard, and walk away with helpful tools not-for-profits can use to satisfy the new requirements.
•Identify the most significant and complex challenges in adopting FASB's new financial statement standard.
•Determine policies, procedures, and systems that should be in place as a result of the standard.
•Identify implementation techniques that could assist in converting a not-for-profit's financial statements and footnotes to the new standard.