Financial Intensive Training on the New Financial Reporting GAAP—Remodel Your Financials—an in-depth look
Nonprofit accounting standards are changing—and so will your financial statements.
The new standard for financial statement reporting will require you to disclose a lot more about your financial assets and cash management. It’s also changing the structure of restricted funds and more. As if that’s not enough, the new lease accounting standard will likely put a liability on your statements for your office lease.
Want to know more about how these new standards will affect YOU? Join us for this one-day in-depth look at the new financial reporting standard, FASB Accounting Standards Update 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, and the new lease accounting standard, FASB Accounting Standards Update 2016-02, Leases. These new accounting standards will be changing accounting and disclosure for:
- Restricted funds,
- Board designated funds,
- Functional expense reporting for all nonprofits,
- Statement of cash flows,
- Investment income and expenses,
- Assets available for use in one year,
- Liquidity policy for cash management,
- Operating leases, and more.
Participants will gain an understanding of the provisions of the new standards and participate in hands-on examples of how to apply the significant changes in the areas of financial statement presentation, disclosures, and financial policies and procedures. Be proactive for your organization and invest in your professional capability with this hands-on, practical seminar.
Field of study: Accounting