Description

A deep-dive session focused on the new liquidity & availability disclosures in ASU 2016-14. Review what's required and the various ways the disclosures can be presented to meet the GAAP requirements. We will provide actual examples from a variety of NFPs to demonstrate the flexibility NFPs have. Additionally, we will explore liquidity and availability through the lens of management’s assessment of an organization’s ability to continue as a going concern.

Learning Objectives:

• Identify the required basic elements of the liquidity and availability disclosure under ASU 2016-14
• Recognize differences in the various ways disclosures can be presented while still being in compliance with GAAP requirements

Speaker(s):

• Amisha Patel, CPA, Audit Principal, Johnson Lambert LLP
• Jennifer Richards, CPA, Managing Director, Crowe LLP

Category: Concurrent Session (Online)