With the arrival of 2018, the time has now come to implement ASU 2016-14, the FASB’s most significant set of changes to the NFP financial statement model in more than 20 years. This session will help participants prepare for that by providing a walkthrough of the ASU’s key provisions in the areas of Net Asset Classification and Reporting of Expenses, Investment Return, Cash Flows, and Liquidity and Availability of Resources, chock full of examples, implementation tips, and answers to frequently asked questions. Panelists will also answer participant questions.
• Through both discussion and examples, develop a detail understanding of the requirements of ASU 2016-14 and associated implementation matters.
• Clarify that understanding further through the opportunity to ask questions of the session panelists.