Revenue Recognition Considerations for Not-for-Profit Entities

4.5 (355)

Alexander Buchholz, CGMA

PKF O'Connor Davies, LLP

Wednesday, March 10, 2021 | 03:30 PM EST

  • CMA
  • CPA

1 CPE

FREE

Subject Area

Accounting

Webinar Qualifies For

1 CPE credit for Certified Management Accountants (CMA)

1 CPE credit of Accounting for all CPAs

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

email extinguisher: simple steps to shrink the inbox

(344)

Dec 31, 2020 | 02:30 PM EST View Details

executive overview of repatriation of foreign earnings (topic 606)

(3)

Feb 01, 2021 | 10:00 AM EST View Details

excel accountant: taming large spreadsheets

Feb 04, 2021 | 10:00 AM EST View Details

kpi’s (key performance indicators): how to implement them and achieve success through them

(5)

Feb 09, 2021 | 10:30 AM EST View Details

dealing with irs collections division (part i)

(207)

Feb 18, 2021 | 01:30 PM EST View Details

introduction to excel pivottables

(11)

Feb 22, 2021 | 10:30 AM EST View Details

tax practitioners ethics - latest

(4126)

Mar 01, 2021 | 12:30 PM EST View Details

qbo running reports - information, analysis & better decision

(20)

Mar 05, 2021 | 09:30 AM EST View Details

partnership preparation, basis calculations & distributions–form 1065 schedule k & k-1 analysis

(69)

Mar 05, 2021 | 10:00 AM EST View Details

form w-4 and other payroll updates

(2968)

Mar 05, 2021 | 10:00 AM EST View Details

guide to depreciation under the tcja (latest)

(31)

Mar 05, 2021 | 10:00 AM EST View Details

undoing joint liability- no longer married, innocent spouse relief (isr)

(331)

Mar 05, 2021 | 10:00 AM EST View Details

annual federal tax update - individuals (form 1040)

(216)

Mar 05, 2021 | 10:00 AM EST View Details

yellow book boot camp - nfp and governmental accounting & auditing update

(3)

Mar 05, 2021 | 10:00 AM EST View Details

financial statement audit best practices

(5)

Mar 05, 2021 | 10:00 AM EST View Details

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?

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

Testimonial

4.5

(355)
54%
37%
8%
0%
0%

JM

While quick-paced, being able to follow along with powerpoint pdf allowed me to go back to review recondite facts

KS

great

MS

Instructor was very confident and presented information in a professional manner.

PDN

Very Informative.

RB

Great to get new information

TG

Definitely one of the best for content.