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GOV2422
CECL for NFPs
Date
October 29, 2024
$49
Standard Price
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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
Daniel Figueredo, CPA, CGMA
Partner, BPM LLP
Partner, Crowe LLP
General
Session Categories
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