CPE Webinar

Not-for-Profit: Financial Reporting & Accounting Impact of COVID-19

August 4, 2020

In this session, we will discuss various financial reporting and accounting impacts that COVID-19 may have on not-for-profit organizations, including impacts from Federal stimulus programs, market volatility, revenue recognition, financial estimates, liquidity and subsequent events.

There will be a brief update on Financial Accounting Standards Board (“FASB”) standards that impact not-for-profit organizations and delays in implementation impacted by COVID-19.

Learning Objectives

  • Evaluate impact of COVID-19 on financial reporting and accounting implications at your institution.
  • Analyze accounting for any stimulus funds your organization has received.
  • Recognize Accounting Standard Updates (“ASUs”) that remain effective and those that have been delayed.


  • Matthew Socha, CPA, Partner, Assurance Services, Not-for-Profit Industry Practice Leader | Cherry Bekaert LLP
  • Roselle Bonnoitt, CPA, Director, Assurance Services | Cherry Bekaert LLP

CPE Accreditation

Prerequisites | None
Advanced Preparation | None
Recommended Hours of CPE | 1 Hour*
Delivery Method | Webinar
Program Level | Basic
CPE Category | Accounting 

Related Resources

Cherry Bekaert Continuing Professional Education: Statement of Admin Policies

This event is complimentary. Due to this program being offered free of charge, there will be no refunds.

CPE for Virtual Events

  • Please join sessions on time, or 5 minutes early if possible. Joining a session late may cause you to lose the ability to obtain CPE based on the following NASBA regulations:
    • There will be 4 polling questions per hour of each session.
    • In order to receive CPE credit for virtual events, you must attend at a minimum, 50 minutes of every hour and respond to at least 3 of the 4 polling questions per hour.
    • Polling questions will not be announced in advance.
  • If you view the conference in a group setting, you will still need to log into CPE sessions through your laptop to track your attendance and respond to the polls.
  • We cannot guarantee polling questions will appear on your mobile device. Please keep in mind we recommend using your laptop for your training session and will not be able to give you CPE credits for mobile technological issues.
  • You will receive one certificate for each course you attend/pass.
  • For questions regarding registration or event cancellation, please contact Maddie Robbins.
  • For all other questions regarding CPE policies – please contact Cherry Bekaert at cbhlearning@cbh.com.

CPE Sponsors LogoCherry 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