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.