Subject: Non-for-Profit Entities (Topic 958). Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made.
Location: Veterans Transition Center JDEC, 220 Twelfth St, Marina, CA 93933
Date: Wednesday, September 4, 2019
Time: 5:30 P.M. - 7:30 P.M.
Who should attend: Executive Directors (EDs), Chief Financial Officers (CFOs), and Controllers
Registration: Please R.S.V.P. to firstname.lastname@example.org to attend this fee class. Register today. Space is limited.
Summary: You are invited to attend the presentation of the New Standard Clarifying the Scope and the Accouting Guidance for Contributions Received and Contributions Made (Topic 958), hosted by The Marian Foundation and McGilloway, Ray, Brown and Kaufman, and presented by Patricia Kaufman, Partner, Mcgilloway, Ray, Brown, and Kaufman.
The effective date of this Accounting Standards Update (ASU) issued by the Financial Accounting Standards Board is quickly approaching for not-for-profit entities. The amendments in this update are effective for annual financial statements issued for fiscal years beginning after December 15, 2018, and for interim periods within fiscal years beginning after December 15, 2019. Other implementation dates apply to public companies and NFP's that issue conduit debt.
This guidance will be important and should help with the difficulty in characterizing grants and similar contracts. We will explore how to categorize grants and how to transition you organization.
In this workshop, we will: Provide an understanding of the new guidance. Discuss how to prepare your organization for implementation. Discuss implementation dates and challenges associated with adopting the new guidance.
Join MRBK for this program that highlights the key accounting and implementation for your GAAP financial statements.