Join us for this half-day session covering "hot topics" affecting nonprofit accounting, auditing, and reporting requirements.
Session 1 – FASB Reporting Project Update: Discuss the status of the FASB Reporting Project, including an overview of the issues and concerns raised during the public comment period and the FASB's recent deliberations.
Session 2 – Revenue Recognition: The implementation of the new revenue recognition standard is on the horizon. Are you and your team ready? This session will take a deeper dive into the standard to help you understand how to evaluate your organization's revenue streams and the impact on your financial reporting.
Session 3 – FASB Update: Receive the "Five Fast Facts" on the latest Accounting Standards Updates (ASUs) and other FASB projects.
Session 4 – Uniform Guidance: Discuss lessons learned and challenges faced during the past year with the implementation of the administrative requirements. Review additional requirements related to cost principles and audits of federal awards.
7:45 AM to 8:15 AM - Registration, Networking and Breakfast
8:15 AM to 11:45 AM - Session
Upon completion of this seminar, participants will be able to:
- Identify key changes to the accounting and audit guidance that affects the nonprofit and higher education sectors
- Describe project and proposal stage literature that may have a broad impact on financial reporting
- Recognize recently released FASB guidance and appropriately implement relevant guidance
- Summarize issues in implementing new guidance
Delivery: Group Live
Credits: 4.0 CPE credits in the field of Accounting
Program Level: Basic
BDO USA, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Lee Klumpp, National Assurance Director, BDO Institute for Nonprofit Excellence℠
Elizabeth Pilacik, Assurance Director, BDO USA, LLP