Media Advisory 04-30-21

Registration Opens for June 3 FASB Webcast on Accounting for Contributed Nonfinancial Assets (Gifts-in-Kind) by Not-for-Profit Organizations


Participants in Live Webcast Eligible for Up to 1.5 CPE Credits

Norwalk, CT, April 30, 2021Registration is now open for an upcoming webcast that will provide an overview of the Financial Accounting Standards Board’s (FASB) new standard on accounting for contributed nonfinancial assets by not-for-profit organizations.  The webcast, titled IN FOCUS: FASB’s New Standard on the Presentation and Disclosures by Not-For-Profit Organizations for Contributed Nonfinancial Assets (Gifts-in-Kind), will take place on Thursday, June 3, 2021, from 1:00 to 2:15 p.m., Eastern Daylight Time.
 
Participants in the live broadcast (which is offered free of charge to those who preregister) will be eligible for up to 1.5 hours of Continuing Professional Education (CPE) credit. (CPE credit is not available for group viewing of the live broadcast.)
 
The webcast will feature FASB Member Susan Cosper; FASB Assistant Director—Nonpublic Entities Jeff Mechanick; FASB Supervising Project Manager Elizabeth Gagnon; and FASB Postgraduate Technical Assistants Rachel Daniel and Steven Whitman.
 
Topics of discussion will include:
  1. The objective and scope of the guidance
  2. Overview of the presentation and disclosure requirements and illustrations
  3. Transition, effective date, and implementation resources
  4. Key considerations in fair value measurement of gifts-in-kind
  5. Participant question-and-answer session. 
An archive of the webcast will be available on the FASB website after the live event. (CPE credit will not be available to those who view only the archived webcast.)
 
For more information about the webcast, visit www.fasb.org.