Nonprofit Accounting And Auditing Update

Course Details

Date

Wednesday, December 11, 2019

4:30am – 12:00am
(Registration: 4:00am)

Field of Study

Auditing (Governmental)

Course Number

4193870E

CPE Credit

8.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CalCPA Education Foundation

Prerequisites

Familiarity with accounting requirements for nonprofit and generally accepted auditing standards.

Description

Stay current in the nonprofit world with this comprehensive discussion of recent changes and requirements for nonprofit accounting and auditing. Big changes are coming this year and the following years with revenue recognition and the new leasing standard.
 

Discuss common errors in nonprofit financial statements and audit issues unique to nonprofits, as well as the recently issued financial reporting changes to nonprofits.
 

Highlights

  • Recent changes to financial statement presentation for nonprofit organizations
  • Recent changes in accounting standards: Accounting for contracts and grants, revenue recognition and lease accounting
  • Disclosures
  • Audit issues

Objectives

  • Identify requirements for nonprofits under ASU 2016-14.
  • Recognize financial statement presentation requirements for nonprofits.
  • Learn about the new grant accounting guidance in ASU 2018-08.
  • Plan for changes required by the new revenue recognition and lease accounting standards.
  • Consider methodologies for cost allocation for the functional presentation and grant accounting needs.
  • Identify accounting challenges for nonprofits.
  • Identify audit issues unique to nonprofits.

Designed For

CPAs, auditors, accountants and financial professionals.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$245.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$375.00
Your Price $375.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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