2024 MSCPA Annual Convention: Details

Not-For-Profit Organizations: Financial Update 2024

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Thursday, November 14, 2024 @ 10:00am 1:00pm
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Description

Not-for-profit organizations always need volunteers as treasurers or members of the financial oversight committee! CPAs are often asked to fulfill these roles. This course highlights the financial accounting needs of such organizations. Along with covering the status of the not-for-profit organizations, an update on recent ASC updates affecting nonprofit entities is covered. This course is geared toward hands-on, or future hands-on, treasurers of service clubs and similar organizations.

Prerequisites

None

Highlights

• Financial entity • IRS filing status • Recent ASC updates affecting nonprofit entities

Objectives

• Identify the accounting needs of not-for-profit organizations, specifically membership and service organizations • Identify the financial statements required by US GAAP, including recent ASU updates for not-for-profit entities

Preparation

None

Credits

Category Amount
Accounting&Auditing 3.00