Surgent's The Most Critical Challenges in Not-for-Profit AccountiSU0144 25

 

Surgent's The Most Critical Challenges in Not-for-Profit Accounting Today

May 1st, 2025 - April 30th, 2026 @ -

Member Price $129
Non-Member Price $159
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Credits

4

Description

Not-for-profit entities have recently applied critical new standards related to contributions of nonfinancial assets, leases, and more. Now is the time to know more than just what the standards say - we need to know what they mean and how they will affect not-for-profit entities. This course is designed to do just that! The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced working knowledge of the challenges in not-for-profit accounting.

Objectives

  • Identify the critical changes occurring in not-for-profit accounting today
  • Skillfully implement today’s most challenging FASB standards affecting not-for-profits
  • More effectively audit not-for-profit entities through superior knowledge of key accounting issues

Major Subjects

  • Lessons learned (and lessons remaining) for the implementation of FASB ASC 842, Leases, and the new requirements related to contributions of nonfinancial assets in ASU No. 2020-07
  • Solving contribution conundrums (e.g., conditional contributions, restricted contributions, contributed services, etc.)
  • Additional issues in not-for-profit financial reporting

Prerequisites

Knowledge of not-for-profit accounting