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Accounting for Nonprofit Grants and Contracts

DeliveryType:  Audio Webcast
    Select Date & Time:
  • $99.00-$129.00
    Accounting for Nonprofit Grants and Contracts 01:00 pm - 03:00 pm ET Product #: WC1776625
    Add to Calendar 08/22/2018 13:00:00 08/22/2018 15:00:00 America/New_York AICPA Webcast: Accounting for Nonprofit Grants and Contracts
    In this webcast, industry experts will walk you through two new revenue recognition standards. You will discuss when transactions are reciprocal and nonreciprocal under the new guidance and how the standard will affect NFPs.
    Register at http://www.aicpastore.com/*/Accounting/PRDOVR~PC-WC1776625/PC-WC1776625.jsp AICPA noreply@aicpastore.com false MM/DD/YYYY AICPA WebEvent aiEQlNoFjzFNtMgVwmLn20911
    AICPA Member: $99.00
    Non-Member: $129.00

Do you know how the new revenue recognition standards will affect not-for-profit financial reporting?

During this webcast, you will learn how to apply two new standards: FASB ASU 2014-09 Revenue from Contracts with Customers (Topic 606) and FASB ASU 2018-XX Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made.

Industry experts will walk you through the new standards. With detailed examples, you will learn when transactions are reciprocal and nonreciprocal under the new guidance. Lastly, the webcast will explain how the standards will affect recognition of amounts received under transactions that are frequently encountered in NFPs.

*** This webcast is part of a monthly webcast series hosted by the AICPA Not-for-Profit Section.

Learning Objectives

When you complete this webcast, you will be able to:

  • Identify the impact and potential application considerations of the new revenue recognition standards for not-for-profit organizations.
  • Identify practical steps for implementing the new revenue recognition standards.
  • Determine the impact of the new revenue recognition standards on not-for-profit financial statement disclosures.

Who Should Attend This Event

  • Professionals working with or for NFPs.

Important Information on Your CPE Credit

Discounts

NFP section members save an additional 20%

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.

Group Viewing Option

Gather the team together and attend this webcast as a group. Each attendee will earn CPE Credit. Enter the number of attendees in the quantity box above.

Number of Attendees Non-Member Member

1 - 4

$129 $99

5 - 9

$115 $89

10 - 20

$109 $85

21 +

$105 $79

Speaker Bio

Andrew Prather, CPA CGMA

Andrew Prather is an audit shareholder at Clark Nuber P.S. based in the Seattle metro area.  He is a leader in the firm’s Not-for-Profit Services Group and provides a wide range of not-for-profit organizations with audit and consulting services.

Andrew recently joined the FASB’s Not-for-Profit Advisory Committee and was a recent member of the AICPA’s Not-for-Profit Expert Panel. Andrew also recently served on the AICPA’s Not-for-Profit Entities Audit & Accounting Guide Revision Task Force and participated in the 2013 overhaul of the AICPA’s Not-for-Profit Entities Audit & Accounting Guide. He currently serves on the AICPA’s Not-for-Profit Industry Conferences planning committee. Andrew has served as the chair of the Washington Society of CPA’s (WSCPA) Not-for-Profit Committee and co-chair of the WSCPA Not-for-Profit Conference. He has been a frequent speaker at conferences, seminars, and webcasts for the AICPA, state CPA societies, and industry groups.

Andrew also serves as his firm’s Quality Control Director overseeing the firm’s audit quality assurance program and serving as a technical resource to the firm’s professional staff.

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.

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