Pennslyvania: Implementation Considerations under FASB ASU 2016-14
Implementation Considerations under FASB ASU 2016-14:
Presentation of Financial Statements of Not-for Profit Entities
In an effort to improve information presented in a not-for-profit entity’s (NFP) financial statements regarding liquidity, financial performance and cash flows and to provide more useful information to users of NFP financial statements, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, on August 18, 2016.
ASU 2016-14 is the first significant update to the NFP financial statement reporting model in more than 20 years. Therefore, it will require a change in mindset as preparers of NFP financial statements begin to implement this standard.
This course will focus on the requirements of ASU 2016-14 and provide recommendations when implementing the standard.
Course Objective(s): To provide NFP management and board members with recommendations to consider when implementing ASU 2016-14.
Learning Outcome(s): Participants will be able to:
- Identify required changes to the presentation of not-for-profit financial statements as a result of ASU 2016-14
- Obtain recommendations to implement ASU 2016-14
2.5 CPE credits in Accounting
Jimmy Mo, Partner, EisnerAmper LLP
Tuesday, September 12, 2017
8:15 - 11:00am
One Logan Square
130 North 18th Street, Suite 3000
Philadelphia, PA 19103