Implementing the New FASB Rules: Functional Expenses

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Financial

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Board of Directors, Executive Director, Finance Director

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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

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