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GOV2422

CECL for NFPs

Date
October 29, 2024
$49
Standard Price
This product is also available as part of the following products:
Thumbnail for 2024 AICPA & CIMA Governmental and Not-for-Profit Training Program
This includes sessions from the conference: 2024 AICPA & CIMA Governmental and Not-for-Profit Training Program

The current expected credit loss (CECL) model under Accounting Standards Update (ASU) 2016-13 isn't just for banks and financial institutions - it applies to not-for-profit organizations too. This session will provide an overview of the impact this standard has on a not-for-profit's financial statements and considerations that will impact the allowance for uncollectible accounts and loans receivable, as well as an overview of the revisions that were made to the AICPA's Not-for-Profit Audit Guide in relation to this standard.

Learning Objectives

  • Identify the impact of CECL on a not-for-profit's financial statements.
  • Distinguish the additional considerations of current and expected trends when evaluating the uncollectible allowance.
  • Determine the items to which CECL applies.

Speakers

Speaker Image for Daniel Figueredo
Daniel Figueredo, CPA, CGMA
Partner, BPM LLP
Speaker Image for Pete Ugo
Partner, Crowe LLP

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