Implementing the New FASB Rules: Functional Expenses

m

Financial



Board of Directors, Executive Director, Finance Director



2018

Do you have a detailed plan to implement the new FASB not-for-profit financial reporting standards? During this two-part webinar series, industry experts walked through the conversion of a not-for-profit organization’s financial statements and notes to ensure an efficient and effective implementation of FASB ASU 2016-14. Learn how to overcome the most difficult challenges stemming from this new standard, through examples of various board-designation actions, walking through converting net asset classifications, tips on liquidity disclosures, and expense allocation methodologies that will help Community Action Agencies satisfy the new requirements. Part Two of this webinar series addressed functional expenses and other impacts.

Presented on: May 24, 2018
Presented by: Rachel Flanders, CPA, CliftonLarsonAllen LLP

This is a members-only resource.
You must be logged in to view. Login

Related Resources:

Being Direct: Shared Cost Recovery through Direct Cost Allocation Webinar

In this webinar, CAPLAW and financial expert Kay Sohl review the Shared Cost Recovery through Direct Cost Allocation toolkit and discuss the issue it covers, including factors CAAs should weigh when deciding. . .

Being Direct: Shared Cost Recovery through Direct Cost Allocation

When federally funded organizations incur shared costs that benefit multiple funding awards it can be difficult to determine how much to charge each award for those costs. Allowable methods of shared cost recovery vary, and organizations weigh factors such as size,...

Tips on Preparing for a Possible Government Shutdown

With the possibility of a federal government shutdown looming, what should CAAs be doing to prepare? This resource offers 10 tips to consider.