Part One of Implementation of the New FASB Financial Statement Presentation Standard: Mastering the Most Difficult Challenges
Presented on: May 22, 2018
Presented by: Cathy J. Clarke, CPA & Rachel Flanders, CPA, CliftonLarsonAllen LLP
Do you have a detailed plan to implement the new FASB not-for-profit financial reporting standards? During this two-part webinar series, industry experts will walk through the conversion of a not-for-profit organization's financial statements and notes to ensure an efficient and effective implementation of FASB ASU 2016-14. Join us to learn how to overcome the most difficult challenges stemming from this new standard, through examples of various board-designation actions, walking through converting net asset classifications, tips on liquidity disclosures, and expense allocation methodologies that will help Community Action Agencies satisfy the new requirements.
Part One of the webinar series will cover liquidity and net assets, while Part Two will cover functional expenses and other impacts. The webinars will include a detailed implementation tool you can use to ensure you have covered all requirements for your organization.