Revenue Recognition Considerations for Not-for-Profit Entities

4.5 (262)

Alexander Buchholz, CGMA, CPA, MBA

PKF O'Connor Davies, LLP

Thursday, December 17, 2020 | 12:00 PM EST

  • CPA
  • CMA

Credits: 1 CPE

FREE

Subject Area

Accounting

Webinar Qualifies For

1 CPE credit of Accounting for all CPAs

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Additional Dates

Jan 25, 2021 | 03:00 PM EST Register

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

(262)
57%
34%
8%
0%
0%

EB

Very helpful and informative

CT

Great!

EP

Wonderful!

UN

Good instructor. Information was clear and easy to follow

KM

Very informative and helpful webinar.

QZ

Good