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Implementing ASU 2016-14: Leveraging the New Standard to your Advantage

Event type:  Webinar
Date:  October 26, 2017
Time:  11:00AM EST-12:00PM EST

By now, most nonprofit leaders realize that FASB’s Accounting Standards Update (ASU) 2016-14 changes the reporting requirements in a way that forever changes how their organizations present information to donors and other stakeholders. Some nonprofits have elected to adopt the new standard early, while many others are waiting to benefit from FASB-issued interpretations and examples from their peers.

No matter where your nonprofit falls on the implementation spectrum, understanding the necessary changes and additional information required, as well as the options available for presentation is essential. Join Gelman, Rosenberg & Freedman CPAs for an in-depth look at the new standard and how your nonprofit’s management can leverage it to your advantage.

Our presenters will address:

  • Additional disclosures and information required under ASU 2016-14
  • Disclosing expenses on the face of the financial statement vs. in the footnotes
  • Reducing the number of net asset classifications while complying with liquidity disclosures
  • Considering direct (vs. Indirect method) of reporting given that reconciliation to the indirect method is no longer required
  • The effect of donations (restricted and unrestricted) and underwater endowments on net asset classification


The webinar will be presented by Partners Trevor W. Williams, CPA and Walt B. Derengowski, CPA, CFE

Additional Program Details

Learning Objective: To provide attendees with a better understanding of leveraging the new ASU 2016-14 standard.
Instructional Delivery Methods: Group Internet-based
Recommended CPE: 1.0 CPE
Recommended Fields of Study: Audit
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: Gelman, Rosenberg & Freedman is committed to our seminar participants’ 100% satisfaction and will make every reasonable effort to resolve complaints as quickly as possible. Please contact with any concerns.

More info:  View event details
Registration:  Click Here To Register

For the past 12 years, the accounting firm of Gelman, Rosenberg & Freedman has consistently provided the Chesapeake Bay Foundation (CBF) with superior services.  The Gelman, Rosenberg and Freedman team, led by partner Terri McKnight, is knowledgeable about the nuances of the nonprofit industry, as well as attentive and thorough in their responses to any questions and concerns.

Fay Nance |  Chief Financial Officer
Chesapeake Bay Foundation