The University of Iowa

Strategy Meets Standards: Turning FASB Accounting Standards into Innovation
Event Category 

Several FASB accounting standards have gone into effect over the past two years that require new or significantly more complex disclosures on nonprofit financial statements. The standards covering liquidity, functional expenses by nature, grants and contributions, revenue recognition, and gifts-in-kind are all opportunities for innovation. Instead of seeing these new standards as merely compliance requirements, this session explores how to use them to develop better financial strategies and practice for nonprofits. Join us for this free, 90-minute webinar to learn how to use FASB guidelines to tell your financial story in the most creative, sophisticated way. Learn enough about accounting to avoid being a victim of the accounting.

Topics Include Nonprofit Financial Statement Disclosure Of:

  • liquidity
  • functional expenses by nature
  • grants and contributions
  • revenue recognition
  • gifts-in-kind 


Cathy Clarke, Chief Assurance Officer for CLA with over 20 years of public accounting experience

Curtis Klotz, Director of Nonprofit Innovation at CLA. 

Wednesday, December 9, 2020 - 3:00pm
88 Broad Street
Boston, MA 02110
Nonprofit Quarterly
Sponsoring Organization 
Nonprofit Quarterly