Change is inevitable and at times overwhelming if you are unprepared. You can ensure you are current in governmental and not-for-profit accounting and auditing with this update course. Designed to prepare you for the latest accounting and auditing developments affecting governments and not-for-profits, this course gives you the tools and knowledge to implement the new standards.
Learning Objectives
When you complete this course, you will be able to: ? Identify the effect of GASB statements on accounting and financial reporting for state and local governments. ? Identify how FASB's accounting updates affect not-for-profit financial statements. ? Apply FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments -Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, to an example financial instrument. ? Identify the requirements of recently issued Statements on Auditing Standards (SASs). ? Identify changes to the AICPA Code of Professional Conduct that affect governments and NFPs. ? Identify changes made in the Government Auditing Standards 2024 Revision.
Major Topics
? GASB update ? Not-for-profit accounting update ? Revenue recognition in not-for-profits ? FASB's lease standard ? FASB update ? Auditor's report and conforming changes ? Auditing Standards Board update ? Governmental auditing update
