Content Provider
Pkfoconnerdavies logo
Avidxchange middlebanner 072721
Handout Materials
Presentation Slides
Additional Materials
Webinar FAQs
Presentationoffinancialreports pkfoconnor


Cost Free
Presentation Length 1.0 hour

Recorded DateJuly 9, 2019
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Series: Non-Profits
Course Description

ASU 2016-14: Presentation of Financial Statements for Not-for-Profit Entities (“ASU”) was released August 18, 2016 by the Financial Accounting Standards Board (“FASB”) and is effective for fiscal years beginning after December 15, 2017. The issuance of this new ASU represents a fundamental financial statement reporting change for not-for-profit entities which has not occurred in over 20 years. This webinar attempts to convey the most recent accounting developments that will impact the presentation of the financial statements. Topics to be covered include: revised net asset classifications, liquidity and availability, expense reporting, investment return and statement of cash flows.

Learning Objectives

  • Discuss implementation of ASU 2016-14.

  • Review samples of reporting changes to NFP financial statements required by ASU 2016-14.

  • Discuss important points to convey in management and board meetings.

Not logged
Pkfoconnerdavies logo

Alexander Buchholz is a partner at PKF O’Connor Davies with over 15 years of public accounting experience, including a “Big Four” accounting firm.

Alex is responsible for developing the audit approach, supervision of staff, and establishing and maintaining the engagement budget. Additionally, he is responsible for coordinating staff and management so that the audit is performed on a timely basis with as little intrusion to client operations as possible.

His expertise is in single audits, internal control/compliance audits, and specialized cost reporting. His industry experience is in healthcare and non-profit entities, including skilled nursing facilities, social service agencies, charter schools, diagnostic and treatment centers, home care service entities, adult homes and other long-term care facilities, special needs entities, and cemeteries.

Alex is also an adjunct professor at Brooklyn College of the City University of New York. He teaches undergraduate and graduate courses in accounting and auditing. He also teaches at the School of Professional Studies of the City University of New York for the Online Business Management Department, Mercy College, and Lehman College.

He conducts internal training seminars for the firm and frequently speaks at outside organizations and associations. He is a former member of the firm’s continuing professional education (CPE) committee, emphasizing single audit training. Alex has written many articles on accounting and auditing topics for a variety of professional publications.

About Our Presenter

Pkfoconnerdavies logo

PKF O'Connor Davies is a new breed of accounting and advisory firm that holds itself to a higher standard – going beyond passive value calculation to active value creation.

With unmatched client focus we unlock real value hidden at key connection points of every engagement – from the industry and resource levels, to the organization and regulatory levels on the regional, national and international levels.

Through these connections, our team of more than 600 top-notch professionals continually drives efficiencies, uncovers opportunities and manages risk – delivering value where others can’t.