W126: Nonprofit GAAP – What you need to know about Related Parties and Consolidation

Title Nonprofit GAAP – What you need to know about Related Parties and Consolidation
Date Wednesday, January 21, 2021
Time 11:00 am – 12:30 pm (Eastern Time)
Course Description We’ll walk through the accounting, presentation and disclosure requirements for related party transactions, transaction between entities under common control and affiliate entities.
Instructor Bio: Mark Robins, CPA

• Partner, Assurance Services at Aronson LLC

• Over 10 years of experience in public accounting

• Specialize in nonprofit financial reporting and auditing

• Conducts regular seminars and workshops internally and externally on various topics in accounting and auditing

• Member of the AICPA

• B.S. degree in accounting, California State University Northridge

Level Beginner to intermediate
CPE (NASBA Category) Accounting – Technical
CAE (Field of Study) Administration
Prerequisites 1-year of nonprofit accounting experience in public or private industry.
Reviewer Wade Tetsuka, CPA

Bio: https://www.linkedin.com/in/wadetetsuka/

Delivery  Group live presented online due to COVID-19
CPE/CAE Credits 1.5
Cost: Free
Learning Objectives You will be able to:

  • understand the difference between related parties and affiliates under GAAP.
  • discuss presentation and disclosure requirements.
  • explain when other entities are consolidating in accordance with GAAP.
  • account for transactions between entity under common control.

Refund and Complaint Resolution Policy:  www.ustranscorp.com/webinar-policy

CPE Compliance Disclosure:  U.S Transactions Corp. (CPE Sponsor ID: 138278) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org I n accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.

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