This course provides a high-level overview of the most important issues facing nonprofit entities and their auditors. The focus of this course is on explaining the theory behind major issues and trends, enabling professionals to understand the most important aspects of relevant professional and regulatory standards related to reliable financial reporting for nonprofit entities.
Product Code
1000005287-145305
Credit Type
CPE: 8
CPE-Technical: 8
Intended Audience
Anyone responsible for preparing or attesting upon nonprofit financial statements
NASBA Field of Study
Accounting
Level of Difficulty
Basic
Prerequisites
None
Advance Preparation
None
Major Subjects
Discussion of financial reporting risks increased by the current economic environment, including increased uncertainty related to critical financial statement amounts and significant disclosures
Executive summary of recent Accounting Standards Updates
Overview of fair value disclosure requirements and implementation issues
Discussion of issues related to donor-restricted endowment funds
Classification of net assets and reclassifications
Endowments, including accounting, disclosures and UPMIFA
Noncascontributions
Contributions received and receivable
Expense recognition issues
Reporting expenses by function and nature
Other relevant matters unique to the nonprofit environment
This prerecorded broadcast is provided through our partnership with ACPEN. You'll be redirected to a CalCPA/ACPEN portal for this course. The Instructor will be available via the chat feature.