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Financial Statements of Nonprofits – New Standards Training
June 19, 2018 @ 5:30 pm - 7:30 pm
This free training is offered by The Marina Foundation and McGilloway, Ray, Brown and Kaufman, and presented by Patricia Kaufman, Partner, McGilloway, Ray, Brown and Kaufman. Visit their website for full details and to register.
Nonprofit Executive Directors, Chief Financial Officers, Controllers, and Board Members are encouraged to attend.
The effective date of this Accounting Standards Update (ASU) issued by the Financial Accounting Standards Board is quickly approaching for not-for-profit entities. The amendments in this update are effective for annual financial statements issued for fiscal years beginning after December 15, 2017, and for interim periods within fiscal years beginning after December 15, 2018.
This guidance will be the first major set of changes to not-for-profit financial statement presentation standards since the issuance of FASB Statement No. 117, Financial Statements of Not-for-Profit Organizations, in 1993, which established the current reporting guidance. We will explore who will be affected by the changes in this ASU and how to transition your organization.
In this workshop, we will: Provide an understanding of the new guidance. Discuss how to prepare your organization for implementation. Discuss implementation dates and challenges associated with adopting the new guidance.
Join us for this program that highlights the key accounting and implementation for your GAAP financial statements.