Registration: Please R.S.V.P to info@themarinafoundation.org

This is a free training.  Since space is limited, we ask that you please register in advance.

Summary: You are invited to attend the Presentation of Financial Statements of Not-for-Profit Entities (Topic 958), hosted by The Marina Foundation and McGilloway, Ray, Brown and Kaufman, and presented by Patricia Kaufman, Partner, McGilloway, Ray, Brown and Kaufman.

The effective date of this Accounting Standards Update (ASU) issued by the Financial Accounting Standards Board is quickly approaching for not-for-profit entities. The amendments in this update are effective for annual financial statements issued for fiscal years beginning after December 15, 2017, and for interim periods within fiscal years beginning after December 15, 2018.

This guidance will be the first major set of changes to not-for-profit financial statement presentation standards since the issuance of FASB Statement No. 117, Financial Statements of Not-for-Profit Organizations, in 1993, which established the current reporting guidance. We will explore who will be affected by the changes in this ASU and how to transition your organization.

In this workshop, we will: Provide an understanding of the new guidance. Discuss how to prepare your organization for implementation. Discuss implementation dates and challenges associated with adopting the new guidance.

Join us for this program that highlights the key accounting and implementation for your GAAP financial statements.

For more information please visit our website.