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ASCPA's Annual Update for Governments and Not-for-Profits

Code: AGNFP-MG 4.0 CPE Credits

Overview

This course reviews the accounting standards issued by the Government Accounting Standards Board (GASB) that will be effective this year. We then switch gears and discuss ASUs directly impacting nonprofit entities including revenue recognition, the definition of a collection, and gifts in kind. We’ll also review the impact of COVID on financial reporting. Finally, we close with a high-level overview of the Yellow Book addressing COVID19 risks. If you are involved in financial reporting for NFPs or government entities, this course provides a great overview of the key standards most relevant to your work. Key Topics: ? Effective GASB standards ? Nonprofit GAAP Update ? COVID19 accounting & auditing Learning Objectives: • Recall risks identified by GAO related to COVID19 • Recognize changes to nonprofit accounting standards • Identify changes to governmental accounting

Presenter(s):

Melisa Galasso

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