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Virginia Health Care Association | Virginia Center for Assisted Living

Are You Ready for the New Not-for-Profit Financial Statements Reporting and Revenue Recognition Standards?

Are You Ready for the New Not-for-Profit Financial Statements Reporting and Revenue Recognition Standards?

Not-for-Profit financial statement standards are being updated for the first time in 20 years. Learn more about how these changes will affect the reporting of expenses both by function and natural classification, new disclosures on liquidity, and more.

Registration Link

*Please note event is only “hosted” on the ahcancalED platform, and not a live presentation. Members will be redirected to the registration page after locating the product on ahcancalED through this link.*

Additional topics covered during the training include:

  • Exchange transactions for not-for-profits and healthcare may be subject to the new revenue recognition standard through the review of the contracts.
  • New revenue recognition will significantly affect the practices of most companies and many organizations and is intended to increase financial comparability across industries.