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New FASB Reporting Standards for Nonprofits: How to Ensure Compliance


Webinar Recording

Recording Price: $199.00

(Includes Proprietary Materials)

Last year, the Financial Accounting Standards Board (FASB) released new standards that represent the most significant changes in not-for-profit financial reporting since 1993. As nonprofits scramble to meet the latest standards, you need expert guidance to ensure you not only comply, but also use the new standards to your advantage. Among many changes, the new standards changes the way nonprofits report their net assets and now requires increased disclosure about the availability and liquidity of its resources. Join us for this high-impact, 60-minute webinar to discover:

  • FASB accounting standards updates for nonprofits: How to report now
  • Using the new standards to tell your story in finances that connect with donors
  • Reporting revenue: What areas impacted are most important for nonprofits
  • New standards on reporting your net assets, expenses and finances

Program Highlights

  • FASB Updates for Nonprofits: Areas Impacted by New Standards

    • Liquidity and financial viability considerations
    • Net asset classifications
    • Reporting of investment activities
    • Reporting on functional allocation of expenses
    • Reporting expenses by nature
    • Cash flow statements
  • Telling Your Story with Financial Reporting - Connect with Supporters

    • Simplified reports to highlight successes
    • Providing clarity in financial reports
    • Making a case for your financial needs
  • Live Q&A - Have all your FASB updates for Nonprofit questions answered!

About The Speaker

Sibi Thomas is a Partner within the Nonprofit, Government & Healthcare Group at Marks Paneth LLP, with over 12 years of extensive accounting, auditing, tax and consulting experience within the not-for-profit industry. Sibi was awarded the CPA Practice Advisors "40 under 40" for leading the accounting profession.

  • Sibi plans, coordinates and conducts audits of nonprofit organizations including: large social service organizations, third party funded organizations, educational institutions, charitable, and fundraising and membership organizations including those requiring audits pursuant to Uniform Guidance (Single Audit).
  • Sibi has deepened his expertise as an adjunct faculty of not-for-profit accounting at New York University. Sibi has authored several articles for the New York Nonprofit Review & Accounting Today that focused on helping nonprofit organizations evaluate their existing governance and financial reporting process.
  • Sibi is also a Certified Fraud Examiner and a Chartered Global Management Accountant. He is a FASB Project Research Group member.

Program Benefits

Join us for this 60-mintue program to discover the ins and outs of FASB accounting standards updates for nonprofits, including how to simplify your financial reporting to give a clearer story to your stake holders.