The Alliance Tuesday

Lunch and Learn Series:

New Financial Reporting Standards for Not-for-Profits

What you need to know

 

In August of 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-14, “Presentation of Financial Statements of Not-for-Profit Entities (Topic 958)”. The issuance of this update represents the most significant change to not-for-profit financial statement reporting rules since 1993.  

During this session, we will be reviewing the significant changes to the presentation of financial statements and will discuss how to prepare internally for these changes.  The new standard is effective for annual financial statement issued for fiscal years beginning after December 15, 2017.  CPE will be provided.

Denise McKnight, a partner at Friedman LLP, has close to 20 years of experience in public accounting. She provides accounting, auditing, and tax services to numerous clients in a variety of industries including, but not limited to, not-for-profit organizations, precious metal refiners, professional service corporations and distributions and manufacturing companies.

Marie DeCicco, a principal at Friedman LLP, has over 17 years of experience in public accounting. She provides accounting and auditing services to clients in a range of industries, including wholesale distribution, real estate, not-for-profit, homeowners’ associations and employee benefit plans.

 

 

 

 

 

 

 

 

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