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B04 – Reasons Driving the Need for Industry-Specific Nonprofit GAAP (LIVESTREAM) (LIAA84/21)

Event Description

Nonprofits face unique challenges compared to for profit entities in the preparation and fair presentation of financial statements.  This segment will discuss the fundamental reasons driving the need for industry-specific GAAP for nonprofits. 

Designed For

Anyone who prepares or provides professional services on nonprofit entity financial statements

Objectives

  • List reasons why nonprofits require unique elements for fair presentation of financial statements and related disclosures

Major Subjects

  • Characteristics unique to a nonprofit entity that impact 
  • Highlights of elements of financial statements and disclosures that are specific to nonprofits, such as net asset presentation and required liquidity disclosures 

Instructions

This event is brought to you as part of Spring Splash.