This 60-minute session hosted by members of Plante Moran’s Religious Institutes team will address the planned changes to the FASB standards for the presentation of not-for-profit financial statements and will discuss items that religious institutes will need to address in order to ensure they are compliant with the new rules. They will also cover information on the new lease accounting standard, which requires most leases to be recorded on the balance sheet. These changes will have a significant impact on religious institutes’ accounting and reporting practices. Don't miss this opportunity to learn how these changes will specifically impact your financial statements.Learning objectives
At the conclusion of this session, participants will:
- Understand the new, proposed regulations regarding Phase I of FASB’s project to revamp how not-for-profits report financial information.
- Understand the impact of the new lease accounting guidelines and how they specifically impact religious institutes.
Moderator: Kellie Ray Goines, Partner
Josh Jarvie, Associate
Jeff Zeleji, AssociateAdditional information:
1 CPE credit anticipated, specialized knowledge
Prerequisites/Advance Preparation: None
Program Level: Basic
Delivery Method: Group internet-based