For the first time in more than 20 years, the Financial Accounting Standards Board (FASB) has issued major changes to the way nonprofit organizations present their financial statements. These revisions are intended to provide more relevant information about nonprofits’ resources – and changes in those resources – to donors, grantors, creditors, and other users of nonprofit financial statements. This course will include an in depth discussion of the implementation of the FASB ASU 2016-14 Not-For-Profit Financial Statement Presentation.
The participant will learn the following:
• The upcoming changes to the presentation of nonprofit financial statements
• New requirements in note disclosures
• Implementation considerations and best practices
This session is recommend for financial professionals, management and board members involved in the preparation and use of financial statements. The experience level for this session is update. Participants should have prior experience with nonprofit financial statements.