Teleconference: Not-for-Profit Accounting, Auditing & Tax Update (CPN06K219)
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Our panel will cover the latest and most important GAAP and tax developments affecting nonprofit organizations, including changes affecting nonprofits in the TCJA, ASU 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, ASU 2018-08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made, and more.

6/19/2019
When: June 19, 2019
9:00 AM until 5:00 PM
Where: LCPA - Training Facility
2400 Veterans Memorial Blvd
Suite 500
Kenner, Louisiana  70062
United States
Presenter: Panel


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Acronym CPN06K219
CPE 8 hours
Vendor ACPEN
Category
Accounting & Auditing
Level Update
Yellow Book? No
Registration Early Bird Standard
Members* $225 $275
CPA Non-Members $325 $375
The Early Bird rate is good through 6/4.

*The member rate applies to LCPA members, other state CPA society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Texas CPAs: Our Texas State Board of Public Accountancy Sponsor number is #010423.

Course Description

The Tax Cuts and Jobs Act did not spare the Not-for-Profit sector: new excise taxes; new UBTI rules; changes affecting fringe benefits; changes affecting charitable contributions; changes affecting art collectors who donate to museums; changes in contribution substantiation rules; change in individual taxation affecting donations, some with positive effects and some with negative effects.

ASU 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, contains changes in reporting requirements that will significantly affect how nonprofits communicate with stakeholders. It is effective for fiscal years beginning after December 15, 2017. This program will provide an update on some implementation questions that have been raised.

ASU 2018-08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made, impacts how not-for-profits record grants and contributions. It provides clarification on identifying conditions within grant and contribution agreements. It is effective for fiscal years beginning after June 15, 2018 for public entities, and after December 15, 2018 for all other entities. This program will provide an overview of the standard as well as review example transactions.

This program will also provide an overview of other recent standards issued and projects in progress that impact Not-for-Profit entities.

Our panel of experts will provide you with what you need to know about the latest and most important GAAP and tax developments affecting nonprofit organizations.

Panelists: C. Clinton Davis, CPA, JD

Designed For: Public Practitioners and Industry CPAs, EAs

Prerequisite: None

Note: This course is also available as a webcast. To register for the webcast, click here. (You will be directed to the ACPEN website to register.)