30. Financial Statement Transformation Under ASU 2016-14

Track: 
Accounting & Auditing
Yellow Book
Field of Study: 
Accounting
Auditing (Governmental)
CPE Credit: 
1.5
Knowledge Level: 
Intermediate
Advanced Preparation: 
None
Prerequisite: 
Basic knowledge of not-for-profit operations, auditing, accounting and/or compliance requirements. General experience working in, or auditing, not-for-profits, including those NFPs audited under GAGAS.

Tuesday, June 19, 2018
 
10:45AM-12:00PM

This session will walk through a transformation of a set of NFP financial statements. Showing the statements prior to the implementation of ASU 2016-14 and a step-by-step review covering the required changes and related considerations until the financial statements are fully compliant under ASU 2016-14.

Learning Objectives:

  • Apply the requirements of ASU 2016-14 on presentation of financial statements of NFPs.
  • Analyze how the implementation impacted an actual NFP.


SESSION SPEAKER(S)

CPA, CGMA
Supervising Project Manager, Financial Accounting Standards Board
CPA
Partner, National Nonprofit and Education Leader, BDO USA, LLP
Vice President - Controller, United Way Worldwide