Course Details

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ADDITIONAL DATES

Dec 08, 2020 | 10:30 AM EST Register

Course Description

ASU 2016-14: Presentation of Financial Statements for Not-for-Profit Entities (“ASU”) was released on August 18, 2016, by the Financial Accounting Standards Board (“FASB”) and is effective for fiscal years beginning after December 15, 2017. The issuance of this new ASU represents a fundamental financial statement reporting a change for not-for-profit entities that has not occurred in over 20 years. This webinar attempts to convey the most recent accounting developments that will impact the presentation of the financial statements. Topics to be covered include revised net asset classifications, liquidity, and availability, expense reporting, the investment return and statement of cash flows.

Learning objectives

  • Discuss implementation of ASU 2016-14
  • Review samples of reporting changes to NFP financial statements required by ASU 2016-14
  • Discuss important points to convey in management and board meetings

About Presenter

Alexander Buchholz, CGMA, CPA, MBA

Advisor, PKF O'Connor Davies, LLP

abuchholz@pkfod.com

Alexander Buchholz is a Partner at PKF O’Connor Davies with over 15 years experience in public accounting, including with a “Big Four” accounting firm.

Alex is responsible for the development of the audit approach, supervision of staff, and the establishment and maintenance of the engagement budget. Additionally, he is responsible for the coordination of staff and management so that the audit is performed on a timely basis with as little intrusion to client operations as possible.

His expertise is in Single Audits, internal control/compliance audits, and specialized cost reporting. His industry experience is in healthcare and not-for-profit entities, including skilled nursing facilities, social service agencies, charter schools, diagnostic and treatment centers, home care service entities, adult homes and other long-term care facilities, special needs entities, and cemeteries.

Alex is also an adjunct professor at Brooklyn College of the City University of New York in the Department of Accounting where he teaches undergraduate and graduate courses in accounting and auditing. He also teaches at the School of Professional Studies of the City University of New York for the Online Business Management Department and at Mercy College and Lehman College.

He conducts internal training seminars for the Firm and frequently speaks at outside organizations and associations. He is also a former member of the Firm’s continuing professional education (CPE) committee, with special emphasis on Single Audit training. Alex has written many articles on accounting and auditing topics for a variety of professional publications.

PKF O'Connor Davies is a new breed of accounting and advisory firm that holds itself to a higher standard – going beyond passive value calculation to active value creation.

With unmatched client focus, we unlock the real value hidden at key connection points of every engagement – from the industry and resource levels to the organization and regulatory levels on the regional, national and international levels.

Through these connections, our team of more than 600 top-notch professionals continually drives efficiencies, uncovers opportunities and manages risk – delivering value where others can’t.

FAQ

  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete webinar and respond to all polling questions asked during the webinar. CPE is issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here :https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you are Canadian Chartered Professional Accountant (CPA) many of our courses qualifies for your verifiable CPD requirements you will get your certificate for the program. You can check a tab of “Webinar Qualifies for” for the same.However please do verify with respective regulatory body about the eligibility for the same.
  • Many of our courses are approved by “CFP Board” for CE credits of certified financial Planner(CFP). Please check a tab of “Webinar Qualifies for” to verify whether webinar qualifies for CE credits for CFP or not.

Refund/Cancellation Policy

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128

In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).

Reviews

4.6
(73)
66%
32%
1%
0%
1%
  • SG
    STUART GREENBERG , CPA
    Oct 17th 2019
    This is by far the best presentation I've seen/heard. I love handouts because it is simple and easy to understand. I can apply it to the non-profit clients I work with and I can also share the material. Thank you for a great presentation on a pretty dry topic!
TR
Terry Rachuy , CPA
Alex was very knowledgeable about the program content & also shared his reporting preferences which were beneficial to hear from someone who has already experienced working on NFP Financial Statements.
JB
Jane Breaman , CPA
I knew the changes for NFP were about to be implemented. Alex's explanations were succinct and easily understandable. Great illustrations. I will be using this information in my role as Board Member for a small local charity.
SC
Susan Comeau , CPA
The presenter boiled the requirements of the ASU down to the essentials and provided great examples for implementation. The webinar and provided slides will definitely help me deal with the new requirements.
JF
Jennifer Falli , CPA
Excellent class for accountants working for or auditing NFPs. Good comparisons between old requirements for reporting and new ones without just relying on the pronouncements. Presentor spoke clearly and did not dash through a presentation at any time. Took plenty of participant questions.
FM
FRANCIS MAHONEY , CPA, Attorney
He taught in a manner so that everyone could understand and the material that was being presented his discussion was well organized. He gave some excellent examples and explained to them as well. In my opinion, this was a great 1-hour course and time well spent.

NASBA Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

upcoming Live CPE Webinars

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Section 199A Update
Monday, November 30, 2020 | 11:00 AM EST View Details/Register
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Monday, November 30, 2020 | 11:00 AM EST View Details/Register
MERCHANT ACCOUNT NIGHTMARES: THE SHADY WORLD OF CREDIT CARD PROCESSING FEES
Monday, November 30, 2020 | 12:00 PM EST View Details/Register
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Monday, November 30, 2020 | 12:00 PM EST View Details/Register
GENERALLY ACCEPTED GOVERNMENT AUDITING STANDARDS: THE NEW YELLOW BOOK (LATEST FOR NON-PROFIT)
Monday, November 30, 2020 | 12:30 PM EST View Details/Register
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Monday, November 30, 2020 | 01:00 PM EST View Details/Register
  • Cost $10
  • CPE Credits 1
  • Subject Area Accounting
  • Course Level Basic
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? Finance Pros Accountant Others CPA - Small Firm CPA - Mid Size Firm CPA - Large Firm Accounting Firm Young CPA CPA in Business Entrepreneurial CPA
  • Handout Material Download

upcoming Live CPE Webinars

Beyond the Numbers: Understanding the Important Gift, Estate, and Income Tax Elections
Monday, November 30, 2020 | 09:30 AM EST View Details/Register
Passive Activity Loss Limitations: Working with the Complex PAL Rules & Real Estate Tax Issues.
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
Employment law landmines from recruiting to termination
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
Best Overview on Individual Tax Updates 2020 (Basic)
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
Yellow Book Boot Camp – Introduction to NFP and Governmental Accounting & Auditing
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
QBO Running reports - Information, Analysis & Better Decision
Monday, November 30, 2020 | 11:00 AM EST View Details/Register
BASIS CALCULATIONS & DISTRIBUTIONS FOR PASS-THRU ENTITY OWNERS SCHEDULE K-1 ANALYSIS (LATEST)
Monday, November 30, 2020 | 08:00 AM PST View Details/Register
Annual Federal Tax Update - Individuals (Form 1040)
Monday, November 30, 2020 | 08:00 AM PST View Details/Register
Corporate External Financial Reporting Decisions
Monday, November 30, 2020 | 08:00 AM PST View Details/Register
Section 199A Update
Monday, November 30, 2020 | 11:00 AM EST View Details/Register
TAX PRACTITIONERS ETHICS (LATEST 2020)
Monday, November 30, 2020 | 11:00 AM EST View Details/Register
MERCHANT ACCOUNT NIGHTMARES: THE SHADY WORLD OF CREDIT CARD PROCESSING FEES
Monday, November 30, 2020 | 12:00 PM EST View Details/Register
HOW TO STRATEGIZE YOUR FIRM’S GROWTH AND EXPAND MARGINS IN THE NEW WORLD
Monday, November 30, 2020 | 12:00 PM EST View Details/Register
GENERALLY ACCEPTED GOVERNMENT AUDITING STANDARDS: THE NEW YELLOW BOOK (LATEST FOR NON-PROFIT)
Monday, November 30, 2020 | 12:30 PM EST View Details/Register
Year-End Payroll Updates (Latest)
Monday, November 30, 2020 | 01:00 PM EST View Details/Register