Not-For-Profit entities are challenged with many unique accounting issues. This course reviews ASUs directly or indirectly impacting nonprofit entities and it features a deep dive into ASU 2018-08 and its impact on revenue recognition for grants and other contracts including application for Paycheck Protection Program (PPP). As we turn from accounting to auditing, we will look at the new auditor’s report effective in December 2021. We close with a review of Yellow Book alerts regarding COVID19 and the impact of fraud on risk assessment. This course provides an overview of the key items impacting nonprofit entities.
* Describe the indicators of a barrier * Prepare a properly formatted auditors report under SAS 134 * Identify ASUs impacting NFP Entities * Recall how COVID19 impacts the risk assessment under Yellow Book
* New Auditors Report * Government Stimulus Accounting * Yellow Book Alerts
Who Should Attend
Ideal for practitioners and members in industry responsible for accounting and financial reporting for nonprofit entities
Prior experience with NFP financial reporting and auditing
Additional Event Information
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.
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*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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