Financial Accounting Standard Board completed the change in the revenue recognition in not-for-profit contributions and grants in the year 2018. This was continued in line with revenue recognition started in the year 2014 with ASU 2014-09 and continued four years later with ASU 2018-08.
This online CPE webinar
covers the following key topics:
Benefits of this online CPE Course:
The speaker, Lucas LaChance, is a Texas Society of CPAs Rising Star Award-winning experienced auditor, director, board member, manager, and publisher with more than 15 years of leadership experience in external audit and internal audit with an emphasis on risk-based (COSO) audit approaches. This is a must webinar for all the CPAs.
Partner, Lane Gorman Trubitt, LLC
Lucas is a Texas Society of CPAs Rising Star Award-winning experienced auditor, director, board member, manager, and publisher with more than 15 years of leadership experience in external audit and internal audit with an emphasis on risk-based (COSO) audit approaches. His responsibilities include the oversight and management of a department of more than 30 professionals (budget monitoring, analysis metrics, recruiting/retention, coaching, mentoring); partnering with clients with assets in excess of $150MM+ to identify, analyze, and mitigate financial and industry risks to their strategic plan; planning and execution of multiple, large-scale, simultaneous projects; and development and implementation of numerous accounting and finance presentations to external clients, committees, and boards as well as to local, state, and national audiences about accounting industry developments.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
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.
VL
I appreciated the examples of the financial statements along with other notes and the fact that you can have access to the notes and webinar again on your account at your convenience, Great Presentation by Lucas Lachance on FASB NFP Exposure Draft with proposed changes. Very Educational and Helpful Webinar
TB
Great information and presentation. Appreciated the information on anticipated fall out of this new requirement (increase in costs of audits, possible loss of small/medium sized CPA firms handling nonprofits, and smaller nonprofits may not be able to afford same accounting services they currently have).
WDGI
Lucas, You did an excellent job! The NFP world is getting more and more challenging. And as you know, unless the NFP has some economies of scale, this is going to be a huge challenge for them and rather costly. Disappointing to see another layer of administrative burden being put on our NFP's
DCI
This was one of the most comprehensive and informative webinars on nonprofit accounting that I've attended. It was a deep dive but didn't feel overwhelming! The presenter was very knowledgable and had wonderful practical details to share. I hope future courses are longer!
RI
Would be nice to have a estimated time to end or start time and end time estimate. I know the start time but just would like to see the estimated end time of the class. Also, if any, how many breaks during the course.
Access to 13000+ Hours of Continuing Education Approved Content Know More
Subscribe To Access
