Course ID: NIU

Nonprofit Industry Update and GAAP Refresher

This program provides a 2018 update of the issues at the forefront of industry to assist the auditor in assessing risk. It also includes updates to FASB guidance through March 2018 with a specific section on the new not-for-profit financial statements, complete with disclosure examples. We will also discuss the FASB’s decisions to date related to the accounting for grants, as well as a discussion of the AICPA’s task force recommendations related to revenue recognition. The U.S. GAAP refresher portion of the program includes coverage of some significantly enhanced sections in the nonprofit audit guide and nonprofit Technical Practice Aids (AICPA). This course also provides an update on issues relative to the Single Audit. We will also discuss SAS No. 132 on the auditor’s consideration of the entity’s ability to remain a going concern.


LEARNING OBJECTIVES
  • Participants will be able to:
  • Apply the issues faced by nonprofits in today’s environment which will help them assess risk
  • Recognize and deal with major accounting and disclosure issues impacting their clients or organizations

MAJOR TOPICS
  • Not-for-profit industry updates 2018
  • Major accounting and disclosure issues specific to nonprofit organizations
  • Single Audit Update

DESIGNED FOR
• Practitioners working with nonprofit organizations in public practice • Nonprofit industry accountants who need to keep on top of current accounting and disclosure requirements

FIELD OF STUDY
Accounting
Auditing (Gvmt)

PREREQUISITES
Basic familiarity with not-for-profit accounting and auditing

COURSE PRODUCER
Loscalzo Associates

CPE CREDITS
8.0

LEVEL
Intermediate

This course is available for your group as:

Group Live
 

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