Vermont Society of Certified Public Accountants
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Preparing Not-for-Profit Financial Statements Under ASU No. 2016-14 - HOT COURSE!

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Member Price: $325.00 Price reflects early registration savings of -$40.00, good until 6/6/19
Non-Member Price: $525.00 Price reflects early registration savings of -$40.00, good until 6/6/19

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Jun 13, 2019, 8:30am–4:30pm
Capitol Plaza Hotel (Montpelier, VT 05602)
100 State St.
Montpelier, VT 05602
Surgent McCoy CPE, LLC
CPE Credits:
Accounting: 8.00
Jeffrey Lieman (2518)
Mr. Lieman currently heads his own consulting firm, Lieman Associates LLC, in Owings Mills, Maryland. He provides consulting services, contractual assistance services, and training to CPAs, their firms, and their clients. He is recognized nationally as a lecturer for various accounting, auditing, and technology topics and has been quoted in various trade journals. Mr. Lieman's previous experience included serving as the chief financial examiner for the Maryland Insurance Administration and being a director for Ellin & Tucker, Chartered. He trained staff in many areas of accounting, administration, and consulting. He also served as a senior manager and national trainer with KPMG in Baltimore, Maryland where he developed training materials for staff and instructors. He was elected Chairman of the Year by the Maryland Association of CPAs for chairmanship of the Computer Resources Committee.
ASU No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, is the most significant not-for-profit reporting standard in over 20 years and is now fully effective. To properly implement the new financial reporting model professionals must have a strong, working knowledge of the new requirements. Now is the time to obtain that knowledge! This course explains the new requirements, illustrates how the requirements manifest themselves in the financial statements, and clarifies key options that not-for-profits have in implementing the requirements. The course also examines other key changes affecting not-for-profits including the new revenue recognition and contribution requirements (which apply to 12/31/19 year-ends) and leases (which apply to 12/31/20 year-ends). 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.


Obtain a working knowledge of the new not-for-profit financial reporting requirements contained in ASU No. 2016-14     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 areas of contributions, revenue recognition, and leases


Changes in the reporting of net assets and how they play out in the statement of financial position and the statement of activities     How the reporting of functional and natural expense information has changed     The new requirements related to providing liquidity and availability of financial assets information     Changes to the statement of cash flows     Core not-for-profit accounting requirements related to contributions, promises to give, contributed services, net assets, special events, the classification of expenses, and more     How the new contribution and revenue recognition requirements affect not-for-profits (e.g., the accounting for grants and contracts)     How the new lease requirements will affect not-for-profits

Designed For

Not-for-profit industry professionals and auditors

Advanced Preparation

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