About Our Speaker(s)
Frank Klimko

Frank Klimko is a veteran journalist with more than 30 years of experience covering federal, state, and local government regulation; agency news; and private philanthropy. As a webinar instructor, he has helped hundreds of listeners better position themselves for funding, burnish their applications, and get a firmer grip on the federal/private money tree. Klimko specializes in uncovering alternative and hidden grant opportunities.



Don't Get Overtaken by the FASB Overhaul, Tell a Clear Financial Story for Your Nonprofit (CDP618B)

Event Information
postit
Product Format
Pre-recorded Webinar
Presenter(s)
Frank Klimko
Length
60 minutes
Event Description

Follow the New FASB Guidelines & Become Better at Telling Your Financial Story to Your Advantage

In this day and age, it’s crucial for a business to understand what goes into financial statements and how to properly report finances. Writing reports is an essential part of the job for many of us – but writing effective, clear and concise reports that convey the key issues is a challenge. So what is your nonprofit doing to tell a clear story to those outside so that potential and existing donors can easily appreciate the good work you’re doing?

The Financial Accounting Standards Board (FASB) has released improved standards for nonprofit financial statement presentation. Called the “Presentation of Financial Statements of Not-for-Profit Entities”, it was first released in 2016. The FASB continues to update the guidance, and has overhauled the previous accounting standard to help nonprofits tell a clear financial story—a collective set of improvements for things that they thought could be better.

If like other nonprofits, you are also overwhelmed by the FASB overhaul – or about how you should say it right – this webinar is just what the doctor ordered. Join industry veteran Frank Klimko, who will walk you through the new FASB standards and show you how to become better at describing how you spend your money, use the right terminology, provide more transparency, reduce complexity, and more.

After attending this information-packed webinar, you will be able to clearly describe your financial picture so that people outside your organization—including donors, investors, grantors, watchdogs, etc.—can help you with the good work you’re doing.

Session Highlights

The challenges that will be discussed in this webinar include:

  • Reporting

    Nonprofits have been notoriously inconsistent in providing details behind how organizations spend their money. With these improvements, the FASB is trying to promote disclosures and the way the information is presented
  • Saying it Right

    Another challenge that the sector faces is that users in nonprofit finances may not understand the terminology
  • Improve Transparency

    The updated standard expanded requirements of this aggregation of expense information to provide a level of transparency over types of expenses for various functions a nonprofit has
  • Increase Understandability

    FASB has reduced distinctions between permanent and temporary restrictions
  • Reduce Complexity

    Reducing the number of classes of net assets that must be reported on financial statements, especially the statement of activities, helps to reduce complexity

Who Should Attend

  • Affinity groups
  • Branding specialists
  • Health services departments
  • Nutrition advocates
  • Obesity advocates
  • Charities
  • Churches
  • Cities
  • Colleges
  • Community action agencies
  • Community and neighborhood associations
  • Community foundations
  • Development directors
  • Education departments
  • Educators
  • Faith-based funders, grant writers and community groups
  • For-profits
  • Foundations
  • Governments
  • Grant writers
  • Grant managers
  • Hospitals
  • Justice and correctional associations
  • Maternal health providers
  • Outdoor recreation centers-playgrounds
  • Philanthropic organizations
  • Private funding match providers
  • Proposal writers
  • Recreation centers
  • Regional foundations
  • School districts 
  • School funding officers
  • Soup kitchens
  • State agencies
 

Order Now or Call 1-855-237-1396 Today!

×

Dear Valued Customers,

We regret to announce that ProEdTech LLC and all its affiliate brands will cease operations on April 1, 2019.

We are no longer able to fulfill online orders. We will fullfill all DVD and book orders already placed.

Customers of canceled webinars and subscription products may request a refund at (800) 223-8720 or service@proedtech.com. You must do so by April 1, 2019.

Thank you for your business and loyalty over the years. We sincerely apologize for any inconvenience caused.


Best regards,
The ProEdTech Team