FASB’s New Accounting Standard – Presentation of Financial Statements for Not-For-Profit Entities – Is your Organization Prepared?
In this webinar we will be joined by ORBA’s Not-For-Profit Group for a focused discussion on the changes to Not-For-Profit Financial Reporting and how your Abila MIP system can help with compliance.
We will cover:
- FASB’s New Accounting Standard for Not-for-Profits The Financial Accounting Standards Board (FASB) recently released its first update to the financial reporting rules for not-for-profit organizations. The new Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, will affect the financial statements of all not-for-profit organizations issued for fiscal years beginning after December 15, 2017.
We will discuss these changes & how your Abila MIP system can help with compliance. Plus, James Quaid, CPA and Alison Fetzer, CPA from ORBA will present an overview of all of the changes within ASU 2016-14, the Not-for-Profit Financial Reporting Standard. You’ll learn more about the changes to:
– Net asset classes
– Functional expenses
– Liquidity and availability disclosure
- How to modify your Abila MIP reporting and tracking to make these changes seamless.
- FAQs – Your Questions and Concerns