This session will review several accounting challenges affecting nonprofit organizations in the current environment. We’ll walk through new and proposed accounting standards as well as review lessons learned from standards that have already been implemented. 

Learning Objectives:

• Be able to identify change by Financial Accounting Standards Board (FASB) guidance and projects specific to nonprofit organizations
• Be able to implement FASB's Accounting Standards Update (ASU) 2023-08 Intangibles relating to Crypto Assets
• Review current expected credit loss (CECL) and lease implementation challenges/lessons learned
• Understand key takeaways and common mistakes when filing the Form 990

Time for Q&A is included, so be sure to bring your questions or send them to [email protected] in advance. This session will be recorded and shared with all participants.

This training qualifies for 2.4 CPE credits. Please see below for full details on how to earn CPE.

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Participants will earn 2.4 CPE credits. To be awarded the full credit hours, participants must attend the entire session with their camera turned on and participate in the engagement activity. NAO will use the Attendance Taker Zoom app to monitor arrival times, departure times, and total time spent in the Zoom meeting.

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[accordion-item title="Course Details"]

• Fields of Study: Accounting and Auditing 
• Prerequisites: Basic understanding of financial reporting and generally accepted accounting principles
• Advanced Preparation: None
• Training Level: Update
• Delivery Method: Group Live 

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Refunds (minus a 25% handling charge) are available up to two business days prior to the training. Cancellations received after this time will not be refunded, but you may transfer your registration to another person who can attend. For more information on refunds, cancellations, or questions/concerns, please contact NAO’s Capacity Building Team at [email protected].   

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The Nonprofit Association of Oregon is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Cost

$45 for NAO Members
$75 for Nonmembers
This event is Network Pass eligible.

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