Description
Learn how to prepare note disclosures unique to nonprofits.Gain a better understanding of how to prepare note disclosures unique to nonprofits and learn how to get the most out of the reporting process. This information will focus on providing awareness of deficiencies in NPO financial statement disclosures. This material will discuss policy options to streamline accounting, and consideration will be given to completeness of disclosures. Previously issued, recently added, upcoming required and less common financial statement disclosures will also be discussed.
Date: 2020-04-29 Start Time: End Time:
Learning Objectives
Something Old: Previously Issued Disclosure Requirements
• General Disclosure Tips
• Inkind
• Fair Value and Investments
• Endowment
• New Pronouncement Implementation
• Prior Period Adjustment Requirement
Something Recent: Financial Statement Disclosures Added Recently
• ASU 2016-14 Disclosures
• Availability and Liquidity
• Net Assets
• Endowments
• Expenses
Something New: Financial Statements Now Required
• Revenue Recognition
• ASU 2014-9
• ASU 2018-8
• Restricted Cash
• ASU 2016-18
Something Coming: Upcoming Required Financial Statements
• Leases
Something Else: Less Common Disclosures
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Janet Ramey-Brown Smith Wallace LLC
