The Most Critical Challenges in Not-for-Profit Accounting Today (4 hours - morning) – Webcast
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(Check-In 7:30am)
Online
4.0 Credits
Member Price $195.00
Non-Member Price $245.00
Overview
Not-for-profit entities have recently applied critical new standards related to contributions of nonfinancial assets, leases, and more. Now is the time to know more than just what the standards say - we need to know what they mean and how they will affect not-for-profit entities. This course is designed to do just that! The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced working knowledge of the challenges in not-for-profit accounting.
YELLOW BOOK: Qualifies for Yellow Book CPE based on your unique audited entity.
Highlights
- Lessons learned (and lessons remaining) from the implementation of FASB ASC 842, Leases, and ASU No. 2020-07 related to contributions of nonfinancial assets
- Solving contribution conundrums (e.g., conditional contributions, restricted contributions, contributed services, and etc.)
- Additional issues in not-for-profit financial reporting
Prerequisites
Knowledge of not-for-profit accounting
Designed For
Not-for-profit industry professionals and auditors
Objectives
- Identify the critical changes occurring in not-for-profit accounting today
- Skillfully implement today's most challenging FASB standards affecting not-for-profits
- More effectively audit not-for-profit entities through superior knowledge of key accounting issues
Leader(s):
Leader Bios
Martha Lindley, Lindley & Associates LLC
Martha A. Lindley, CPA, has experience, since the last century, in public accounting, specializing in governmental entities and not-for-profit organizations, especially those requiring audits under Uniform Guidance. Her government experience includes state (technical colleges), municipal (county and city), and local (school districts and water districts). Her not-for-profit experience includes social service agencies, housing projects, and foundations. Services include audit, consulting, and related tax preparation. She has an extensive background in internal control assessment and fraud/forensic accounting. Martha worked with one of the top 100 CPA firms in the USA before beginning her own practice in 2000 to specialize in organizations receiving federal and grant funding. Having performed over 2,000 nonprofit and governmental audits and written 2,000 sets of financial statements, her experience is extensive. She has been a sought-after presenter for CPE and for State Conferences for years. She is a hands-on audit partner, attending all audits performed. She has taught CPE since 2000 -- teaching hundreds of classes throughout the USA. Martha Lindley, CPA earned Surgent Outstanding Discussion Leader Awards in 2017 and 2016. Comments emphasized her knowledge of the topic and sense of humor which made the class more enjoyable. With two Bachelor degrees -- and three majors: accounting, finance and clinical psychology -- she both teaches and engages class participants with cognitive learning skills. Martha is a member of: AICPA, Washington Society of CPAs, AICPA Government Audit Quality Center, the AICPA Nonprofit Sector, AICPA Employee Benefit Audit Quality Center and the WSCPA Nonprofit Committee.
(2/14/23)
Non-Member Price $245.00
Member Price $195.00
This event is cancelled