NFP FASB Update

Neely Duncan, a partner with BKD takes you through FASB updates for 2019 as they specifically relate to the not-for-profit industry.  There are lots of important items that have changed ranging from definitions to disclosures and even how statements of activities are issued.  There will be some touching on topic 606 and and clarifying guidance around contributions, but this course is best served as an overview for all of the recent updates and changes from FASB.

LEARNING OBJECTIVES

• ASU 2019-03 Topic 958 - Updating the Definition of Collections
• Effective Dates
• Statement of Financial Position
• Required Disclosures
• Classification of Net Assets
• Enhanced Disclosures - Board Designations / Appropriations
• ASU 2016-14: Investments
• Exchange vs Non-Exchange Transactions
• Revenue from Contracts with Customers

PROGRAM LEVEL: Update
PREREQUISITES: No prerequisites exist.  Familiarity with current FASB regulations is helpful.
PREPARATION: No preparation is needed. Some experience in the not-for-profit accounting sector is helpful.