×
CPE Self-Study
Challenges of Implementing the New Not-for-Profit Financial Statement Standard
NASBA FIELD OF STUDY
Accounting (Governmental)
LEVEL
Intermediate
CPE CREDITS
Online: 2.5
Join industry experts as they walk through the conversion of a not-for-profit's financial statements and notes to ensure an efficient and effective implementation of FASB ASU No. 2016-14.

CPE On-Demand
AICPA’s online CPE courses will operate in a variety of configurations, but only the configuration described below is supported by our technicians.

A stable and continuous internet connection is required
In order to record your completion of the online learning courses, please ensure you are connected to the internet at all times while taking the course. It is your responsibility to validate that CPE certificate(s) are available within your My Account after successfully completing the course and/or exam. Please contact us at 1.888.777.7077 or service@aicpa.org with any questions or concerns related to your CPE certificate(s).

Supported Operating Systems:

  • Macintosh OS X 10.10 to present
  • Windows 7 to present

Supported Browsers:

  • Apple Safari
  • Google Chrome
  • Microsoft Internet Explorer
  • Mozilla Firefox

Required Browser Plug-ins:

Note: Your course will be accessible immediately after completing your purchase. Access instructions will be shown on the Order Confirmation Screen and included in your Order Confirmation Email, or click My Account at the top of the page, select My Purchases and then My Online Learning tab.

Technical Support: Please contact service@aicpa.org or use the Contact Us Form.

Product details

Do you have a detailed plan to implement the new not-for-profit financial reporting standards? Are you and your not-for-profit clients ready? During this CPE course, industry experts will walk through the conversion of a not-for-profit's financial statements and notes to ensure an efficient and effective implementation of FASB ASU No. 2016-14. You will learn how to overcome the most difficult challenges stemming from this new standard through sample policies, examples of various board-designation actions, tips on liquidity management, and some expense-allocation methodologies that will help not-for-profits satisfy the new requirements. This course includes a detailed implementation tool you can use either in your own entity or to assist your clients.

Learning Objectives

This course will prepare you to do the following:

  • Identify the most significant and complex challenges in adopting FASB's new financial statement standard.
  • Determine policies, procedures, and systems that should be in place as a result of the standard.
  • Identify implementation techniques that could assist in converting a not-for-profit's financial statements and footnotes to the new standard.

Key Topics

  • FASB ASU No. 2016-14

Who Will Benefit?

  • Any not-for-profit preparing financial statements or practitioners preparing not-for-profit financial statements

DISCOUNTS

Not-for-Profit Section Members Save an Additional 20%!

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the NFP Section.

 

Author

Cathy J. Clarke, CPA

Cathy Clarke, CPA is the Chief Assurance Officer within CliftonLarsonAllen LLP's national audit and assurance quality group and is based in the firm's national office in Minneapolis, MN. Her primary responsibilities include overseeing the audit quality with the firm, being a technical resource for her firm's 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 and clients of CliftonLarsonAllen LLP, the AICPA and the Minnesota Society of CPAs. She is a graduate of the University of Minnesota's Carlson School of Management. She is the immediate past chair of the AICPA's Not-for-Profit Industry Expert Panel. Throughout her career, Clarke has served a variety of clients in numerous industries, with an emphasis on not-for-profits and health care entities.

Tim McCutcheon, CPA

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.

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Price:
$59.00
Member Quantity:
Nonmember Quantity:
Quantity:
Estimated total:
$59.00
Add to cart
CREDIT INFO
CPE credits
Online
: 2.5
NASBA Field of Study
Accounting (Governmental)
Level
Intermediate
Prerequisites
None
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
CINFPS
Group Pricing
Product number: GT-CINFPS
Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us
Back to Top