With two active standard setters (i.e., the GASB and FASB), there are always important developments occurring in government and nonprofit accounting. Time is valuable and it’s hard to stay current in today’s rapidly changing environment. Let us save you time and effort in staying current through this informative update course. The purpose of this course is to enable you to excel in the constantly changing government and nonprofit environment. The course materials utilize a highly illustrative format to increase concept comprehension and retention.

Major Topics:

  • Recent FASB activities directed towards nonprofits including the Financial Statements of Not-for-Profit Entities project (which will ultimately result in the most significant changes in nonprofit reporting in over twenty years)
  • Recent GASB activities directed towards state and local governments with an emphasis on the pension standards (particularly GASB No. 68, which becomes effective for June 30, 2015 year ends)

Learning Objectives:

  • Keep up to date with the latest developments related to governments and nonprofits at the FASB and GASB 
  • Ensure that your accounting skills stay up-to-date with current requirements
  • Be prepared for major changes on the horizon

Designed For: Auditors and industry professionals working in the government and nonprofit environment
Level of Knowledge: Update
Prerequisite: Knowledge of government and nonprofit accounting
Advanced Preparation: None
Credits: 4