Not-for-Profit Accounting Update

Course Details


Monday, February 1, 2021

9:00am – 12:54pm

Field of Study

Accounting (Governmental)

Course Number


CPE Credit

4.0 hours CPE credit

Level of Knowledge





Prior Experience with NFP financial reporting


This course reviews the latest developments affecting not-for-profit entities.  The course includes a deep dive into Revenue Recognition for Grants & Contracts and its interplay with Topic 606.  It will also provide an overview of what you need to consider in order to implement standards impacting nonprofit entities, including the definition of collections and goodwill amortization for nonprofits. Finally, this course will also cover FASB Accounting Standard Updates that will impact NFPs including reference rate reform, restricted cash, and leases.


  • Governemental accounting
  • Not-for-profit accounting
  • Topic 606



  • Determine if a transaction is a contribution or exchange transaction

  • Identify ASU's impacting NFP entities

  • Define the term  collection

  • Describe lease accounting under Topic 842

Designed For

Professionals in the accounting industry.

Registration for this course has passed.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

Non-Member Fee

Applicable if you are not a HSCPA member.

Your Price $159.00

CPE Choice

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

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