Implementation of New Accounting Standards for Nonprofits Seminar

The Financial Accounting Standards Board (FASB) has issued several updates over the past few years that will significantly impact the following areas: presentation and the disclosures of the financial statements for nonprofit entities, revenue recognition and reporting and presentation of leases. Our complimentary seminar will be presented by members of the ASL Nonprofit Group and will provide insights into each of these major changes as well as provide practical examples and implementation guidance.

Seminar topics:

  • FASB ASU No. 2016-14 – Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities
  • FASB ASU No. 2014-09 Revenue from Contracts with Customers (Topic 606) providing a new framework for revenue recognition
  • FASB Proposed ASU Non-for-Profit Entities (Topic 958) – Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made
  • FASB ASU No. 2016-02 Leases (Topic 842) including changes to the balance sheet presentation and notes disclosures of certain lease arrangements.


8:30AM – 9:00AM: Breakfast & Networking

9:00AM – 12:00PM: Presentations

CPE: 3.5 hrs

ASL Presenters:

Steve Carter, CPA, Principal: Bio

Sheba Dalaney, CPA, Principal: Bio

Helena Bouron, CPA, Senior Audit Manager: Bio

Josh Cross, CPA, Senior Audit Manager: Bio

Patrick Ngai, CPA, Audit Manager: Bio


Abbott, Stringham & Lynch
1530 Meridian Ave., 2nd Floor
San Jose, CA 95125