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:

Route Recalculation: New GPS Guides HHS Grants

For the first time since 2007, the Department of Health and Human Services (HHS) has released a new Grants Policy Statement (GPS). The GPS, which is incorporated as a standard term and condition in a grantee’s Notice of Award, provides information on the award process and...

Almost on the Same Page: HHS’s Adoption of the Uniform Guidance

Recipients and subrecipients of federal funding from the U.S. Department of Health and Human Services (HHS) and other federal agencies can soon expect greater uniformity in the rules that govern the administration and use of those funds. HHS published an Interim Final Rule...

2024 Final Uniform Guidance Revisions

On April 22, 2024, the federal Office of Management and Budget (OMB) published the final revisions to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance), 2 C.F.R. Part 200, in the Federal...