Description
Nonprofit organizations will be subject to a series of significant new accounting standards that will affect financial statements beginning with fiscal years ending December 31, 2018. The Financial Accounting Standards Board has issued several pronouncements, including:
- Accounting Standards Update 2016-14, “Presentation of Financial Statements of Not-for-Profit Entities” issued in August 2016
- Accounting Standards Update 2018-08, “Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made” issued in June 2018
In addition, the Tax Cuts and Jobs Act passed by Congress and signed by the President in December 2017 could have an impact of nonprofit financial statements and possibly tax liabilities for fiscal years ending December 31, 2018.
This webinar will highlight the accounting pronouncements and how they will impact nonprofit organizations’ financial statements. It will also discuss potential new obligations for paying tax and reporting under the Tax Act.
Once you have purchased this webinar, you will be emailed the link and password to access the video. The login credentials will go to the email that you list when you checkout. If you have any questions, please contact PANO’s Administrative Coordinator, Casey Colsher, at casey@pano.org or 717-265-9387.
