Not-For-Profit entities are challenged with many unique accounting issues. This course features a deep dive on the ASU 2016-14, which was issued in 2016 and impact how all NFPs prepare financial statements. We will also discuss other recent FASB standards and projects that impact NFPs, including revenue recognition for grants. As we turn from accounting to auditing, we will look at recent changes in auditing and attestation standards that will impact NFPs, the latest developments in OMB and Yellow Book requirements, and the AICPA's Enhancing Audit Quality Initiative.
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