In this session, we'll update you on recent changes to GAAP (Accounting Standards Updates), key implementation issues on major standards, and projects in the FASB's pipeline that are noteworthy for NFPs. We'll focus especially on Gifts-in-Kind, Revenue Recognition/ Grants and Contracts (ASU 2018-08), Leases, Reference Rate Reform, and Goodwill and Intangibles. Please be sure to bring your questions!
Understand the recent changes to GAAP and an awareness of noteworthy potential changes on the horizon.
Understand and appreciate the key implementation issues for major recent standards and any authoritative or educational guidance that may be available now, or soon, in addressing them.