Workshop for New Financial Reporting Requirements for Non-Profits

At Cook CPA Group, we understand business, accounting and tax concerns and can speak in your language as a trusted advisor whose function is tosimplify and guide you through the financial aspects of your business, accounting and tax needs, so you can focus on running your business and enjoying life.*COOK CPA - COMMON SENSE-UNCOMMON SERVICE*

Cook CPA Group, Inc.

Effective January 1, 2018, the Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) has replaced the reporting model that has existed for 20 years!
This ASU changes the way all not-for-profits classify their net assets and prepare financial statements. The overall objective of the FASB is to provide more useful information to donors, grantors, creditors and others.
Because implementation is upon us, Cook CPA Group, Inc. will be hosting a two-hour workshop providing explanations and insights to key changes to consider in implementation to best benefit your organization. Some of the key changes affect:
(1) Net asset classifications – from three classes to two: Net assets without donor restrictions and Net assets with donor restrictions. (2) Presentation of Investment Expenses – On the face of the statement of activities, a net presentation of investment expenses against the investment return is now required. (3) Expenses Classified by Function and Nature – this is now a requirement to be included.
In this workshop, we will explain in easy-to understand terms these requirements and provide sample financial presentations.

Granite Bay Golf Club

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Workshop for New Financial Reporting Requirements for Non-Profits

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Workshop for New Financial Reporting Requirements for Non-Profits

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