Not-for-Profit: FASB Update

Overview

This workshop will help employees and managers understand the emotional stages everyone goes through during a change process. While learning to manage their own response to change, leaders will also discover the best way to help their employees become change-resilient. Research shows that the average business has undertaken five major organizational changes in the past three years, and 75% of those companies expect to pursue additional change initiatives in the next three years. These numbers present a significant challenge for companies, as most employees are resistant to change and are the primary reason change fails. Please note that this product will expire either on 06/30/2026 or one year from the date of purchase (whichever occurs first). Educator discounts do not apply to this product.

Highlights

• Recent FASB Updates for Not-for-Profits
• Impact of CECL and Credit Losses
• FASB Projects on Software Costs and Crypto

Prerequisites

Basic understanding of not-for-profit organizations.

Objectives

• Identify recent ASUs that affect not-for-profits and describe, at a general level, their key provisions.
• Identify the assets on an not-for-profit's balance sheet that are within the scope of the CECL standard and describe how applying CECL to those assets differs from previous guidance.
• Identify and describe, at a general level, the projects on the FASB's agenda that could affect not-for-profits.

Preparation

None.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.