This session will provide an overview of recent Accounting Standards Updates (ASUs), including a focus on implementation matters concerning Grants & Contracts to NFPs (ASU 2018-08); NFP More
Jeffrey D. Mechanick
FASB Assistant Director - Nonpublic Entities
Jeff Mechanick is Assistant Director for Nonpublic Entities at the FASB. In that role, he provides strategic and technical oversight of all activities involving not-for-profit (NFP) organizations and private companies, chairs the FASB's Not-for-Profit Advisory Committee, oversees support of the Private Company Council, and participates in some of the FASB's broader outreach activities. He is also a member of the International Forum of Accounting Standards Setters' Working Group on NFP Issues.
Mr. Mechanick has also been the overall lead staff member for the Blue-Ribbon Panel on Standard Setting for Private Companies and the FASB/IASB Financial Crisis Advisory Group.
Prior to joining the FASB staff in 2006, Mr. Mechanick spent 20 years working in and with the not-for-profit sector, as the CFO of Planned Parenthood Federation of America, Inc., and before that, as a Senior Manager with KPMG, LLP, in the firm's New York office. From 1992 to 1994, he served as the National Technical Senior Manager for the firm's Higher Education, Research, and Other Not-for-Profit Organizations (HERON) practice. He is also a past member of the AICPA's NFP Expert Panel. He received his MBA from Rutgers University and his AB from the University of Chicago. He is also an adjunct instructor in Columbia University's MS program in Nonprofit Management.