Current Accounting Issues for Not-for-Profit Organizations Webinar


This continually updated webinar is designed for accountants who want to remain on the cutting edge of the most recent accounting, tax and federal developments affecting not-for-profits. You’ll be equipped to:

  • Follow the accounting standards and guides for not-for-profits
  • Understand recent guidance revising NPO financial statements and treatment of Net Assets
  • Review the latest tax rules and regulations pertaining to not-for-profits, including Form 990

To provide an understanding of the accounting standards affecting nonprofits. Focusing primarily on implementing and using current authoritative literature, this webinar discusses the latest issues regarding NPO mergers and NPO goodwill treatments. You’ll also gain insight into tax changes and other current issues impacting nonprofits.

  • Understand the role that not-for-profit organizations play in today's financial world
  • Review of recent accounting standards and guides for not-for-profits (ASC 958)
    – Distinguishing between contributions and exchange transactions
    – Transfers between NPOs
    – Joint Costs
    – Consolidations and goodwill involving not-for-profits, including clarifying when NPOs that are general or limited partners should consolidate a for-profit
    – UPMIFA and changes to Net Assets
    – Investments—new rules for valuation and disclosure
    – Required financial statement disclosures
  • Impact of revenue recognition, leases, and other recent FASB guidance on NPOs
  • FASB Simplification Initiative
  • Ethics, fraud and abuse issues
  • Tax matters
    – Filing for and retaining tax-exempt status
    – Avoiding private foundation status
    – Executive compensation under §409(a)
    – Unrelated Business Income Tax (UBIT)
    – Intermediate sanctions
    – Excess benefit transactions

Basic knowledge of accounting for nonprofit organizations.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: