2016 Not-For-Profit Seminar Changes to the Industry's Reporting Model, Upcoming Developments and Industry Best Practices
Tuesday, November 15, 2016 8:00 am - 12:30 pm
Tuesday, November 15, 2016
8:00am - 12:30pm
Crowne Plaza
260 Mall Boulevard
King of Prussia, PA 19406
Thank you for joining us for an industry update, where we addressed the new accounting standards and the impact they may have on the accounting treatment and on your organization's financial statements. In addition, we discussed some hot topics and ideas for continued improvement in the industry.
The following topics were discussed:
FASB Update
- ASU No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities
- ASU No. 2016-02, Leases
- ASU No. 2015-03, Interest - Imputation of Interest
- ASU No. 2015-07, Fair Value Measurement, Disclosure for Investments in Certain Entities that Calculate Net Asset Value (NAV) per Share (or its Equivalent)
- ASC No. 2014-09, and subsequent updates, Revenue from Contracts with Customers
Information and Cyber Security Best Practices
OMB's Uniform Guidance - One Year Later
Sales and Use Taxes that May Impact NFP organizations
The Role of Board Members vs. Management
Presenters:
- Maxine Romano, Director, Audit and Accounting
- Karen Prestegord, Manager, Audit and Accounting
- Tom Frascella, Director, Tax Strategies, State and Local Taxes
Agenda:
8:00am - 8:30am Registration and breakfast
8:30am - 12:30pm Seminar
