2020 Nonprofit Accounting and Financial Reporting Update
This past year has been full of changes, and the accounting world is no different. During this webinar, we discuss the significant accounting and financial reporting impacts of COVID-19 on nonprofits, with a focus on PPP loans and going concern considerations. We will also review recently issued standards and provide an update on FASB’s activities relevant to nonprofits.
Participants were able to understand the accounting impacts to nonprofits driven by COVID-19, review considerations related to management’s responsibility to evaluate going concern, and identify key aspects of upcoming accounting standards.