In this panel discussion, we will be covering the implementation issues NFPs are facing related to Financial Accounting Standards Board’s (FASB) accounting standards update (ASU) on the Presentation of Financial Statements for NFP Entities. This panel discussion will discuss the requirements, the operational issues related to implementation, and the advantage and disadvantages of implementing early. The panel will be moderated by BDO’s National Nonprofit Auditing and Accounting Technical Director Lee Klumpp. Joining the panel will be Carolyn Mollen, CFO of Independent Sector and John Ring, CFO of the Paralyzed Veterans of America.
Webinar Learning Objectives:
- Learn about and understand the new requirements related to presentation of NFP financial statements.
- Understand the ASU and the operational and technical requirements facing NFPs as these requirements are adopted.
- Identify key transition issues and understand the effective dates of the ASU.
- Identify key implementation issues that may affect an organization.
Delivery: The webinar will be delivered via the BDO Online CPE Network
Advanced Prep: None
Credits: 1 CPE credit in the field of Accounting
Program Level: Overview
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