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Preparing Not-for-Profit Financial Statements Under ASU No. 2016-14

When
Aug. 20
8:00 a.m. - 4:00 p.m.

Where
Hershey Lodge
Hershey - Map it

CPE Credits
8-A&A

Details

 Pricing

PICPA Member: $275 | Nonmember: $375

CLE Credit Add-On: $50


 More Information

Course No.
758600
Level
Intermediate
Prerequisites
Some background in not-for-profit accounting and reporting
Note

This program is designed for not-for-profit industry professionals and auditors.

This course may qualify for Yellow Book credits. Determining which courses qualify for the Yellow Book 24-hour requirement are made on an auditor-specific basis based on the auditor’s Yellow Book clients.

Description

Gain a working knowledge of the new not-for-profit financial reporting requirements contained in ASU No. 2016-14. Prepare for impending changes to the revenue recognition standard and leases.

This course is part of the Hershey Education Summit on Aug. 19-22.

Highlights

  • Changes in the reporting of net assets and how they will affect the statement of financial position and the statement of activities
  • How the reporting of functional and natural expense information is changing
  • The new requirements related to providing liquidity information
  • Changes to the statement of cash flows
  • Core not-for-profit accounting requirements related to contributions, promises to give, contributed services, net assets, special events, the classification of expenses, and more


Speaker(s)

William C. Wagner, CPA
Sole Practitioner

Bill Wagner is a sole practitioner from the Pittsburgh, PA area. His practice includes small business, governments and nonprofit clients with services ranging from tax and write-up to consulting. He serves as a consultant to other CPA firms with government and nonprofit clients that have accounting and auditing problems.

He teaches extensively in the areas of Accounting and Auditing for small businesses, Nonprofit Organizations and Governmental Units. The accounting pronouncements include those from the Financial Accounting Standards Board and the Government Accounting Standards Board. The auditing standards include the AICPA's Auditing Standards Board pronouncements, the Government Accountability Office's Government Auditing Standards, and Federal regulations, which includes those prescribed by 2 CFR Chapter I, Chapter II, Part 200, et al. Uniform Administrative Requirements, Cost Principles, and Audit

Requirements for Federal Awards; Final Rule (successor to OMB Circular A-133 "Audits of States, Local Governments, and Non-Profit Organizations").

Mr. Wagner served several years at Main Lafrentz & Co. (pre-merger with Main Hurdman and then with KPMG Peat Marwick) as a manager and has also served as treasurer of Seton Hill University, Greensburg, PA, and as Vice President of Fiscal Affairs at Salem International University, Salem, WV.

Bill is an active member of the Pennsylvania Institute of Certified Public Accountants (PICPA) and the American Institute of Certified Public Accountants (AICPA). He has taught courses nationally since 1989 and has received numerous awards for his speaking engagements.

He graduated in 1968 from Grove City College, Grove City, PA where he received a Bachelor of Arts degree with concentrations in accounting and mathematics.

Confirmed Sept. 2017


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