The nonprofit sector is very dynamic. Accounting, reporting and auditing are constantly changing. This essential seminar will provide updates in several areas plus discuss topics in need of review. The seminar will be presented in-person and hybrid at various dates and sites. Attendees are strongly encouraged to take advantage of this format to reengage with their peers and get one-on-one guidance from our acclaimed expert speaker. The seminar will be taught by Allen L. Fetterman, CPA, MBA, a well-known lecturer in the nonprofit sector. He lectures throughout the country on nonprofit accounting, auditing, single audits, tax-exempt issues and governance. He is a past recipient of both FAE?s and the AICPA?s Outstanding Discussion Leader Award.
Learning Objectives
- Identify and explain current developments in nonprofit accounting and auditing to enhance the accuracy and compliance of organizational financial practices.
- Apply updated guidance related to Single Audits, government grant and contract revenue recognition, internal controls, and going?concern considerations within nonprofit entities.
- Evaluate common challenges in nonprofit financial reporting—including frequently asked accounting questions and Form 990 problem areas—to improve organizational governance and support informed decision?making.
Major Topics
- Nonprofit Accounting and Auditing Update
- Single Audit Update
- Accounting for Revenue from Government Grants and Contracts
- Nonprofit Accounting and Reporting Frequently Asked Questions
- Preventing Fraud in Nonprofit Organizations
- Nonprofit Going Concern Considerations
- Essentials of Tax Exemption
- Form 990 Series Common Problems