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Implementing the New Not-for-Profit Standard - Practical Considerations

DeliveryType:  Audio Webcast
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  • $99.00-$129.00
    Implementing the New Not-for-Profit Standard - Practical Considerations 01:00 pm - 03:00 pm ET Product #: WC1348978I
    Add to Calendar 03/29/2017 13:00:00 03/29/2017 15:00:00 America/New_York AICPA Webcast: Implementing the New Not-for-Profit Standard - Practical Considerations
    In this webcast, industry experts will share a sample implementation checklist and walkthrough illustrative financial statements and footnote disclosures to get you ready for the changes resulting from FASB 2016-14. You will learn about policy changes not-for-profit organizations may need to consider in order to comply with the standard.
    Register at http://www.aicpastore.com/Accounting/IndustryspecificGuidance/PRDOVR~PC-WC1348978I/PC-WC1348978I.jsp AICPA noreply@aicpastore.com false MM/DD/YYYY AICPA WebEvent aiEQlNoFjzFNtMgVwmLn20911
    AICPA Member: $99.00
    Non-Member: $129.00

FASB's new standard ASU 2016-14 is the biggest change to not-for-profit financial statements in over two decades. Is your organization ready? Are your not-for-profit clients ready? During this webcast, you will learn about the requirements and get actionable tips to assist your organization or clients. Industry experts will share a sample implementation checklist and walkthrough illustrative financial statements and footnote disclosures. You will learn about policy changes not-for-profit organizations may need to consider in order to comply with the standard.

This webcast is FREE for AICPA Not-for-Profit Section members.

Learning Objectives

  • Identify the requirements in FASB's new financial statement standard and changes not-for-profits should consider
  • Determine which elements of the standard provide flexibility for preparers of financial statements and which do not
  • Evaluate pros and cons of alternative approaches to satisfy the new disclosure and presentation requirements

Discounts

FREE with CPE for Not-for-Profit Section Members:

When you log into this website with your AICPA member account, the section discount will be automatically applied during checkout. Section discounts cannot be combined with any other offer. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

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Speaker Bio

Cathy Clarke

Cathy is a national audit and assurance quality partner at CliftonLarsonAllen LLP with over 20 years of experience, 15 of which are in public accounting. Her primary responsibilities include being a technical resource for the audit and assurance practice and quality review of assurance and accounting engagements. She has experience in preparing and conducting training sessions for audit and accounting staff within CliftonLarsonAllen LLP, AICPA and the Minnesota Society of CPA's. Throughout her career, Cathy has served a variety of clients in numerous industries, including an emphasis in nonprofit organizations and health care entities.

She is also a technical expert in the firm on non profit issues including HUD and Single Audit. Cathy is the chair of the AICPA's Not for Profit Expert Panel, a national group of not for profit professionals that help interpret not for profit accounting issues. The group recently completed a rewrite of the AICPA's Not-for-profit Audit & Accounting Guide. As a member of this group, she also works closing with the FASB representatives on the FASB Nonprofit Advisory Council. Cathy is a graduate of the University of Minnesota's Carlson School of Management and holds a Bachelor of Science Business degree in Accounting. She is a Certified Public Accountant licensed in Minnesota. Cathy is a member of the American Institute of Certified Public Accountants (AICPA) and of the Minnesota Society of Certified Public Accountants. She is active in the community and currently serves as a volunteer for Girl Scouts of Minnesota and Wisconsin River Valleys. She has also been a mentor with the University of Minnesota's Carlson School of Management's mentorship program for the past five years. Prior to joining LarsonAllen in 2002, Cathy spent five years with Deloitte & Touche' LLP. She also spent five years working for Minneapolis based public companies providing guidance on SEC and GAAP reporting and implementation of the accounting standards.

Tim McCutcheon

Tim McCutcheon is a partner in Eide Bailly LLP's national not-for-profit practice and chairs the firm's Nonprofit Technical Issues Committee. As a CPA for 35 years, he has served not-for-profit organizations as CFO, independent auditor, tax advisor, business consultant, volunteer and board member. His experiences from both inside and outside of a wide variety of not-for-profit organizations give him a practical and balanced view of industry issues and the concerns of the industry's varied stakeholders, constituents and other interested parties.

McCutcheon is past Chair of the Colorado Society of CPAs and current member of their Vision Committee. He was a member of the AICPA Not-for-Profit Entities Expert Panel from 2008 through 2012 and a member of the AICPA Alternative Investments Task Force. He instructs a variety of not-for-profit courses and board trainings and enjoys providing advanced training to not-for-profit executives.

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