Overview:
Nonprofit organizations have special needs and requirements when it comes to accounting and internal controls. This webinar gives you the skills to handle not-for-profit accounting and reporting requirements and deals with the most recent changes affecting these organizations. You will:
- Review internal controls
- Understand new guidance on financial statement requirements
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Get updated on current and proposed tax and other regulations affecting NPOs
Objective:
To give financial professionals who serve nonprofit organizations an overview of, and an update on, the accounting and reporting rules that directly impact not-for-profits. You’ll understand how internal controls requirements apply to your organization and you’ll learn about the financial accounting and taxation issues most commonly encountered by non-profit organizations.
Emphasis:
- Types, goals and characteristics of not-for-profits
- Budgeting and internal controls, including programmatic and financial oversight
- Working with boards of directors
- Ethics and fraud issues
- Risk management
- Review and update of NPO accounting (ASC 958)
- Revised guidance for NPO financial statements and treatment of Net Assets
- Impact of revenue recognition and lease rules on NPOs
- Guidance on investment valuation and disclosures
- Special NPO accounting and audit concerns
- Recent guidance on consolidations and goodwill
- FASB Simplification Initiative
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Status of FASB’s NPO Project