The Most Critical Challenges in Not-for-Profit Accounting Today

Not-for-profit entities have recently applied critical new standards related to contributions of nonfinancial assets, leases, and more. Now is the time to know more than just what the standards say – we need to know what they mean and how they will affect not-for-profit entities. This course is designed to do just that! The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced working knowledge of the challenges in not-for-profit accounting. 

Learning Objectives

• Identify the critical changes occurring in not-for-profit accounting today 

• Skillfully implement today’s most challenging FASB standards affecting not-for-profits 

• More effectively audit not-for-profit entities through superior knowledge of key accounting issues 

Major Topics

• Lessons learned (and lessons remaining) from the implementation of FASB ASC 842, Leases, and ASU No. 2020-07 related to contributions of nonfinancial assets 

• Solving contribution conundrums (e.g., conditional contributions, restricted contributions, contributed services, and etc.) 

• Additional issues in not-for-profit financial reporting 

Designed For

Not-for-profit industry professionals and auditors 

This virtual seminar is being offered through our partnership with Midwest State CPA Societies. You will launch from your MyOSCPA learning center day of and be prompted to enter in name and state society at time of entering.