Thursday, February 1, 2018 | 9:00 am – 11:00 am
Program Co-Instructors:
Candice Meth
CPA, Partner-in-Charge, Not-for-Profit Services
EisnerAmper LLP
Shari Savitt
EisnerAmper LLP
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Learn about forthcoming changes to the presentation of not-for-profit financial statements and related note disclosures, as well as guidance on implementation. This session will provide key take-aways to share with boards and anticipated users of nonprofits’ financial statements, to help explain the fundamental changes being enacted. Attendees will be able to (i) identify the changes to the not-for-profit financial statement reporting model impacting net asset classifications, liquidity disclosures, and functional expenses; (ii) discuss with clients the impact this new guidance will have on a not-for-profit’s reporting, and how these changes pair with the New York Prudent Management of Institutional Funds Act; (iii) recognize how these changes will impact users of nonprofit financial statements, most notably donors; and (iv) identify the time frame for implementing the required changes.
Live Program: $199 Member | $299 Nonmember
In-House Counsel: $119 Member | $219 Nonmember -
9:00 am – 9:30 am Background of Accounting Standards Update (“ASU”) 2016-14 Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities
9:30 am – 10:00 am Evaluating the Components of ASU 2016-14 10:00 am – 10:10 am Break 10:10 am – 10:35 am Implementation of ASU 2016-14, including Timeline 10:35 am – 11:00 am Discussion of Nonprofit Corporation Law & NYPMIFA in Context with this Accounting Standard -
CLE Credit
NY: 2.0 skills
NJ: 2.2 general
CA: 2.0 general
PA: 1.5 generalCPE Credit:
NY: 2.0 Accounting**
**EisnerAmper 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 boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
EisnerAmper LLP National Registry Sponsor No. 108139
Texas recognizes CPE programs offered by NASBA sponsors, but requires registration with the state board. EisnerAmper LLP is a registered sponsor in Texas (No. 010023).
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Sponsoring Association Committee:
Health Law | Kathleen Mary Burke, Chair
Nonprofit Organizations | Jennifer Reynoso, ChairSponsorship Opportunities are Available! Please Contact:
Maricela Alfonso | Membership and CLE Relations Associate | (212) 382-6608 | MAlfonso@nycbar.org______________________________________________________________