FREE Webinar Slides
NFP Learning Series: A Board Member's Guide to Financial Reporting Changes

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The Financial Accounting Standards Board (FASB) provides the financial reporting model used by not-for-profit organizations. The 2016 update released in August includes the biggest changes to not-for-profit reporting in more than 20 years! The changes are effective for periods beginning after 12/15/2017, calendar year-end 2018 or fiscal years ending in 2018.

Key changes from existing practice include:

  • Allowing free choice between the direct method and indirect method of presenting cash flows
  • Improving the presentation and disclosures for net asset classes
  • Enhancing information about the liquidity and availability of financial resources
  • Providing better information about expenses and expense allocations
  • And improving reporting of investment return

 

A Board Member’s Guide to Financial Reporting Changes is designed to help those responsible for your organization’s financials understand the FASB changes and how to be in compliance.

TOPICS COVERED WILL INCLUDE:

  • What the new standard requirements are
  • How the new standards will change financial statement
  • When the new standards will take effect
  • How executives and board members can prepare for these changes

 

PRESENTERS:

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Bo Garner, CPA, MBA
Assurance Manager
Not-for-Profit Team Co-Leader
PBMares, LLP

Ed Yoder, CPA, MSA
Assurance Manager
Not-for-Profit Team Co-Leader
PBMares, LLP