The Financial Accounting Standards Board (FASB) recently released its first update to the financial reporting rules for not-for-profit organizations. The new Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, will affect the financial statements issued for fiscal years beginning after December 15, 2017. Join us on Wednesday, May 24, at the Chicago Yacht Club as we discuss how the new standard will affect the following areas for not-for-profit accounting:
- Net asset classes;
- Liquidity disclosures (qualitative and quantitative);
- Expense reporting, by nature and function;
- Investment return presentation on statement of activities; and
- Statement of cash flows.
Registration, Networking and Breakfast
10:00 – 10:30
Wrap-Up, Questions & Answers
Seats are limited. Please be sure to register by end of business day Tuesday, May 23.