126  |  OSCPA Live  |  August 24

Preparing Not-for-Profit Financial Statements

Wednesday, August 24, 2022 8:30am - 4:00pm

In order to prepare accurate and effective not-for-profit financial statements, professionals must have a strong, working knowledge of the reporting requirements. Now is the time to obtain that knowledge! This course explains the requirements, illustrates how the requirements manifest themselves in the financial statements, and clarifies key options that not-for-profits have in applying the requirements. The course also examines and illustrates key accounting requirements affecting not-for-profits including revenue recognition, contributions, and leases. The course materials utilize a highly illustrative and innovative format, including over 30 focused exercises to provide an enhanced working knowledge of not-for-profit accounting and reporting.

Virtual Option: Can't join us in person? Join us online by signing up for the virtual seminar here!

Objectives

Obtain a working knowledge of the not-for-profit financial reporting requirements Skillfully prepare a not-for-profit's financial statements through superior knowledge of accounting and reporting requirements Effectively apply today's core not-for-profit accounting requirements while also preparing for changes coming in the area of leases

Instructors


Designed For

Not-for-profit industry professionals and auditors


Highlights

The key requirements, options, and disclosures related to each of the basic financial statements How the reporting of functional and natural expense information has changed The requirements related to providing liquidity and availability of financial assets information The implementation of ASU No. 2018-08 and its effect on the accounting for grants and contracts as well as contributions in general How the new lease requirements (ASU No. 2016-02, Leases) impact not-for-profits Core not-for-profit accounting requirements related to contributions, promises to give, contributed services, net assets, special events, the classification of expenses, and more


This event has been canceled. If you have any questions or concerns related to this event give us a call at 405-841-3800.

Instructors

Curtis Quickel

Curtis J. Quickel, CPA, MBA, is an individual practitioner in Little Rock, Arkansas. Before establishing his own practice, he worked several years in industry as a corporate controller. As a retired Lieutenant Colonel from the U.S. Army Reserves, he taught courses at the U.S. Army Command and General Staff College in Ft. Leavenworth, Kansas. He also completed three combat tours in Iraq, Kuwait and Afghanistan. He is a past president of the Central Chapter of the Arkansas Society of CPAs and Past Chairman of the Industry and Commerce Committee. Quickel is also a past recipient of the Arkansas Society of CPAs Outstanding CPA in government award.


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