Home / Events / Exploring the FASB Update for Nonprofits and Private Companies

1.0 CPE credit is available for this webinar.

This year, the Financial Accounting Standards Board (FASB), has once again released Accounting Standards Updates (ASUs) that will impact nonprofits, private companies, and governmental entities. As many of these organizations continue to face unique accounting and reporting issues, now is the time to make sure that your organization is compliant.

Join GRF’s audit experts as we explore and summarize the recently issued ASU, including the main provisions of the ASU, application guidance, information on transition, and the effective dates for the new ASU. This webinar will be interactive, including time for Q&A on all FASB-related matters.

Learning objectives:

• Overview of FASB’s current agenda.
• Update 2021-09—Leases (Topic 842): Discount Rate for Lessees That Are Not Public Business Entities.
• Update 2021-05—Leases (Topic 842): Lessors—Certain Leases with Variable Lease Payments.
• Update 2021-03—Intangibles—Goodwill and Other (Topic 350): Accounting Alternative for Evaluating Triggering Events.
• Update 2020-07—Nonprofit Entities (Topic 958): Presentation and disclosures by nonprofit entities for contributed nonfinancial assets.

Additional Program Details

• Learning Objective: To provide attendees with a better understanding of the recent FASB update.
• Instructional Delivery Methods: Group Internet-based
• Recommended CPE: 1.0 CPE
• Recommended Fields of Study: Specialized Knowledge
• Prerequisites: None Required
• Advance Preparation: None
• Program Level: Basic
• Course Registration Requirements: None
• Refund Policy: No fee is required to participate in this session.
• Cancellation Policy: In the event that the presentation is cancelled or rescheduled, participants will be contacted immediately with details.
• Complaint Resolution Policy: GRF CPAs & Advisors is committed to our participants’ 100% satisfaction and will make every reasonable effort to resolve complaints as quickly as possible. Please contact kdavis@grfcpa.com with any concerns

GRF CPAs & Advisors is a CAE Approved Provider. This program meets the requirements for fulfilling the professional development requirements to earn or maintain the Certified Association Executive credential and may be applied for 1 (one) credit toward your CAE application or renewal professional development requirements. Every program that we offer which qualifies for CAE credit will clearly identify the number of CAE credits granted for full participation, and we will maintain records of your participation in accord with CAE policies. For more information about the CAE credential or Approved Provider program, please visit www.asaecenter.org/cae.