Implementing ASU 2016-14: Not-for-Profit Financial Statements
This session will provide you with practical guidance for not-for-profit organizations implementing Accounting Standards Update (ASU) 2016-14. We will discuss the changes in regulation, practical considerations before implementation, and challenges we expect all to encounter. Five primary areas of focus will be net asset classification, endowment disclosures, liquidity and availability of resources, expenses, and investment return.
- Identify the key reporting differences that require consideration in implementing ASU 2016-14.
- Create an effective implementation plan for ASU 2016-14.
- Patricia L. Pryor, CPA, Partner, Assurance Services | Cherry Bekaert LLP
- Karen M. Walker, CPA, Director, Assurance Services | Cherry Bekaert LLP
Prerequisites | None
Advanced Preparation | None
Recommended Hours of CPE | 1 Hour*
Delivery Method | Webinar
Program Level | Basic
CPE Category| Accounting (Governmental)
*Cherry Bekaert is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website. | www.learningmarket.org
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