Governmental and Not-for-Profit Training Program 2018

GOV1807 - ASU 2016-14 Implementation & Area-Specific Challenges (Repeated in session GOV1839)

Oct 15, 2018 10:20am ‐ Oct 15, 2018 12:00pm

Standard: $49.00

Description

Preparers, do you have a detailed plan to implement the new not-for-profit financial reporting standards? And auditors, are you and your not-for-profit clients ready? Industry experts will walk through the conversion of a not-for-profit’s financial statements and notes to ensure an efficient and effective implementation of FASB ASU 2016-14. You will learn how to overcome the most difficult challenges stemming from this new standard, through sample policies, examples of various board-designation actions, tips on liquidity management, and some expense allocation methodologies that will help not-for-profits satisfy the new requirements. The presentation will include a detailed implementation tool you can use either in your own entity or to assist your clients.

Learning Objectives:

  • 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.

Speaker(s):

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