CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Revenue Recognition Considerations for Not-for-Profit Entities

4.4 (564)

Alexander Buchholz, CPA, CGMA, MBA

PKF O'Connor Davies, LLP

Tuesday, February 09, 2021 | 02:30 PM EDT

  • CFEs
  • CIA
  • CMA
  • CPA
  • CVA
  • IAP
  • QIAL

1 Credit

FREE

Subject Area

Accounting

Webinar Qualifies For

1 CPE credit of Accounting for all CPAs

1 CPE credit for Certified Management Accountants (CMA)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

The new revenue recognition standards will affect not-for-profit financial reporting significantly. During this webinar, you will learn how to apply two new standards: 

  • FASB ASU 2014-09 Revenue from Contracts with Customers (Topic 606) and 
  • FASB ASU 2018-08 Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made (Topic 958). 

Learned industry experts will walk you through the new standards in this webinar. With detailed examples, you will learn when transactions are reciprocal and nonreciprocal under the new guidance. Lastly, the webinar will explain how the standards will affect recognition of amounts received under transactions that are frequently encountered in NFPs.

Key topics covered:

  • The accounting standards affecting non-profits
  • Implementing and using current authoritative literature
  • The latest issues regarding NPO mergers and NPO goodwill treatments

This webinar is designed for accountants who want to remain on the cutting edge of the most recent accounting affecting not-for-profits.

Learning Objectives

  • To review of recent accounting standards update ASU 2014-09 and 2018-08; and guides for not-for-profits
  • To recognize and implement ASU 2014-09.
  • To identify scenarios and implementation ASU 2018-08.
  • To share important points related to ASU 2014-09 and ASU 2018-08 to management
  • To share important points related to ASU 2014-09 and ASU 2018-08 to audit committees

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Bookkeeper
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

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(
    [no_of_record] => 564
    [average] => 4.4415
)
 

4.4

(564)
52%
40%
8%
0%
0%

BA

Lecturer was very clear. I feel sometimes CPE courses get way too deep in the weeds but the instructor was concise, hit on the key points and I left feeling I learned something.

SL

Very informative presentation

KS

Great

CW

This was one of the best, technical, and free webinar that I've attended.

TR

learned a lot

QJ

great