March 26, 2019
8:30 am - 11:00 am
Implementation of ASU 2016-14: Presentation of Financial Statements of Not-for-Profit Entities –
The first presentation addresses accounting guidance impacting the way nonprofits present their financial information. The resulting changes will require nonprofits and their financial teams to revisit their current operational measures and reporting procedures.
Implementation of ASU 2018-08: Revenue Recognition of Grants and Contracts –
This presentation will focus on accounting guidance clarifying the scope of recognition of grants and contracts. The guidance released by the FASB in June (ASU 2018-08) aims to resolve diversity applied in accounting for grants. The amendments are expected to shift many grants from an exchange transaction to a nonexchange recognition. The new guidance also clarifies the related expense recognition by grant makers and donors.
Matt Kalil, CPA, MBA
The MFA Companies
Scandinavian Living Center - West Newton, MA