Implementing Revenue Recognition Standards for Not-for-Profits (November 2019)

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Implementing Revenue Recognition Standards for Not-for-Profits (November 2019)

11/12/2019 10:00 AM - 12:00 PM (CT)

Register for this training

Training Seminar Outline

Advanced Preparation: None
Level: Basic
Prerequisite: None
Field of Study: Accounting
CPE*: 2.0 credit(s)

DESCRIPTION

The new revenue recognition standards (Topic 606 and ASC Topic 958-605) are the most significant changes to GAAP in decades. These changes will impact nonprofit organizations less than businesses, but nonprofit entities will need to be aware of how these changes may impact their organization to prevent findings in the first years the standards are applicable.  This webinar will help you understand the recent clarifications to the definition of conditional contributions and will help you understand and apply the guidance in Topic 606 to exchange transactions.

Learning Objectives:

1. Identify which revenue types will be impacted by GAAP changes.
2. Identify how organizations can analyze and quantify the impact of these changes for an organization.
3. Obtain tools to help your nonprofit organization properly recognize revenue under the new standard.

TRAINER(S)

Stephanie Cavadeas, CPA, Partner

REGISTRATION FEE

$195 per connection

My Wipfli Nonprofit and Government Membership Service members automatically receive an additional $25 discount per registrant!

Cancellation Policy
Notice of cancellation must be received 24 hours prior to start-time of the webinar for a full refund of registration fees. If Wipfli cancels the webinar, you will be notified 24 hours prior to the webinar via email. All registration fees will be refunded. For questions or concerns, please call 888.876.4992.

*CPE

To receive continuing professional education (CPE) credits (live webinars only), you will need to complete and submit a CPE request form within three business days of the webinar. A link to the form and directions to submit it are included in a webinar access e-mail you will receive 24 hours prior to the start of webinar. The webinar must be paid in full to receive CPE credits. Purchase orders are accepted but not considered payment. You will receive a certificate via e-mail within 14 business days of the webinar presentation.

National Registry of CPE Sponsors: Wipfli 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.NASBARegistry.org.

Instructional Delivery: Group Internet-Based.  For more information regarding administrative policies, such as complaint, cancellation and refund policies, please contact our offices at 888.876.4992.