2020 FASB UPDATES FOR NOT-FOR-PROFITS

"Another great CohnReznick Webinar." —

The Details

Our guest speaker, Jeffrey Mechanick, will focus on the delay of ASC Topic 606 (Revenue from Contracts with Customers) for some NFPs; accounting considerations for the Paycheck Protection Program and other CARES Act programs, under ASU 2018-08 and Topic 606; implementation guidance and tips regarding the Leases standard (Topic 842); and, recent standards and projects on Reference Rate Reform (the phaseout of LIBOR), Goodwill, and Gifts-in-kind.

This informative webinar will conclude with a brief Q&A session, moderated by Catherine Syslo, CPA, Director, CohnReznick.

Please note the webinar will be played through your web browser. Speakers or a headset is required.

Recorded on July 20, 2020

Catherine Syslo, CPA

Director, CohnReznick

Moderator

Jeffrey Mechanick

Assistant Director, Nonpublic Entities, for the Financial Accounting Standards Board

Presenter

CPE Information

Live event participants can earn up to 1.5 CPE credits in the Accounting (Governmental) field of study.

Program description: To help not-for-profit organizations succeed, CohnReznick continues its Not-for-Profit Governance and Financial Management Webinar Series with the 2020 FASB Update for Not-for-Profits. It will be taught by Jeffrey Mechanick, Assistant Director, Nonprofit Entities, for the Financial Accounting Standards Board (FASB). The presentation will end with a Q&A session.

Program level: Basic

Prerequisites: Current or past experience with not-for-profit industry planning and/or implementation issues.

Advanced Preparation: None

Topics to be discussed include:

The delay of ASC Topic 606 (Revenue from Contracts with Customers) for some NFPs
Accounting considerations for the Paycheck Protection Program and other CARES Act programs, under ASU 2018-08 and Topic 606
Implementation guidance and tips regarding the Leases standard (Topic 842)
Recent standards and projects on Reference Rate Reform (the phaseout of LIBOR), Goodwill, and Gifts-in-kind.

Instructional Delivery Method: Group Internet Based

Who Should Attend: Those in the not-for-profit and education industry interested in learning more about the FASB updates specific to the industry for 2020.

CohnReznick LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State board of accountancy have final authority on the acceptance of individual courses for CPE credits. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

2020 FASB Updates for Not-for-Profits