Overview:
Nonprofit organizations have special needs and requirements when it comes to accounting and internal controls. This webcast gives you the skills to handle not-for-profit accounting and reporting requirements and deals with the most recent changes affecting these organizations. You will:
- Review internal controls
- Examine financial statement requirements
- Get updated on current and proposed tax and other regulations affecting NPOs
Objective:
To give financial professionals who serve nonprofit organizations an overview of, and an update on, the accounting and reporting rules that directly impact not-for-profits. You’ll understand how internal controls requirements apply to your organization and you’ll learn about the financial accounting and taxation issues most commonly encountered by non-profit organizations.
Emphasis:
- Types, goals and characteristics of not-for-profits
- Budgeting controls
- Programmatic and financial oversight
- Working with boards of directors
- Ethics and fraud issues
- Risk management
- Review and update of NPO accounting (ASC 958)
- Special accounting and audit concerns
- New guidance (FAS 164, ASU 10-7) on consolidations and goodwill
- Impact of UPMIFA on net assets
