2016 Accounting, Auditing & Tax Updates for Nonprofit Affordable Housing Developers (01/25/17)

Annual FASB Updates webinar icon
This “must attend” webinar dives into accounting and tax developments from 2016 and their impact on the nonprofit affordable housing sector moving into 2017.
 
Presenters Dave Conway and Dan King explain significant accounting standards issued in 2016, the status of several FASB projects currently in process, and important tax issues affecting nonprofit organizations, including:
  • Phase 1 of the nonprofit financial reporting standard
  • Credit losses for financial instruments (i.e., expected credit losses standard)
  • Consolidation guidance for nonprofits
  • Debt issuance costs
  • Status of Phase 2 of the nonprofit financial reporting standard
  • Recognition of grants and contracts by nonprofit entities
  • Changes to tax return due dates
  • Changes to partnership IRS audit procedures
  • New regulations affecting deficit restoration obligations
  • New regulations affecting bottom-dollar guarantees

Presenters: Dave Conway, Partner, Novogradac & Company LLP; Dan King, Senior Manager, CohnReznick 

Learning Objective: To understand recent accounting and auditing guidance and its relevance to nonprofit affordable housing developers.

Level: Update.

Prerequisite: Nonprofit housing development organization management or related financial management experience.

Who Should Attend: Affordable housing development and finance professionals.

The webinar is based on the 2016 Annual Accounting and Auditing Update put together and reviewed annually by Novogradac, CohnReznick and the Strength Matters CFO Working Group.