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Course Description: This course covers FASB Accounting Standard Updates (ASUs) that impact NFPs. It includes a deep dive into Revenue Recognition for Grants & Contracts and its its impact on accounting for PPP and other federal funding in response to the global pandemic. Attendees will also gain an understanding of what must be considered in order to implement standards impacting nonprofit entities including leases, the definition of collection, goodwill amortization for nonprofits, and gifts in kind. We also address the impact of COVID19 on reporting for nonprofit entities.