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Not for Profit GAAP Update

12:30 pm–2:10 pm ET

# of CPE Credits

2

Description

This course does a deep dive into revenue recognition for nonprofit entities. Attendees will be engaged through case studies to determine whether a transaction is a contribution or exchange transaction as well as whether a stipulation is a condition that impacts recognition. The course will also cover some additional guidance FASB has provided on cost sharing as well as whether a requirement to follow a budget represents a condition. We then switch gears and look to standards directly impacting nonprofits including collections, gifts in kind, and goodwill. The course closes with a look at how nonprofits will account for PPP loans and how they can leverage ASU 2018-08 for accounting and financial reporting.

Objective

* Recognize changes to nonprofit financial reporting

Highlights

See course description

Who Should Attend

Practitioners serving nonprofit organizations

Required Knowledge

Prior experience with NFP financial reporting

Advanced Prep

None

Event Speaker(s)

Mrs. Melisa Fay Galasso, CPA ( Galasso Learning Solutions LLC, Charlotte, NC ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected] .

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via email 30 minutes prior to the start of a live online program.

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Also Available As

Webcast
Wednesday, August 25, 2021 (8:30 am–10:10 am ET)
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Webcast
Wednesday, November 17, 2021 (8:30 am–10:10 am ET)
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Webcast
Tuesday, December 14, 2021 (12:30 pm–2:10 pm ET)
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Webcast
Tuesday, February 8, 2022 (8:30 am–10:10 am ET)
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Share This Event

Event Vendor:Galasso Learning Solutions LLC
Field of Study:Accounting (Governmental)
Level: Update
Other:New Course

Event Type:Webcast
NASBA Instructional Method:Group Internet Based
Event Code:W0022321

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$80.00
Non-MemberN/A$105.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants 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/.

For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.