AICPA Not-for-Profit Industry Conference

Jun 8, 2020 ‐ Jun 10, 2020



Sessions

Registration and Information Center Open

Jun 8, 2020 7:00am ‐ Jun 8, 2020 5:30pm

Identification: NOT20NS01

Category: Registration

Continental Breakfast (Workshop Attendees Only)

Jun 8, 2020 7:00am ‐ Jun 8, 2020 8:00am

Identification: NOT20NS02

Category: Breakfast

Data Analytics - The Future of Auditing is Here

Jun 8, 2020 8:00am ‐ Jun 8, 2020 9:40am

Identification: NOT20101

Operation Prerequisites : 3-5 Years in the Profession

Operation Minutes : 100

Operation Credits : 2.0

Operation Credit Type : Auditing

Operation Level : Intermediate

Operation Advanced Prep : None

The AICPA defines Audit Data Analytics (ADA or ADAs) as "...the science and art of discovering and analyzing patterns, identifying anomalies, and extracting other useful information in data underlying or related to the subject matter of an audit..."  This in-depth workshop will introduce participants to the basic concepts underlying the use of ADAs and explore potential application when conducting not-for-profit financial statement audits.

Learning Objectives:
  • Identify potential areas of ADA application to enhance effectiveness and efficiency in not-for-profit financial statement audits.
  • Apply ADAs when performing certain audit risk assessment procedures
  • Apply ADAs when conducting certain substantive analytical procedures
Speaker(s):
Tags: A&A
Category: Pre-Conference Optional Workshop (Additional Fee)

Single Audit Fundamentals - Part 1

Jun 8, 2020 8:00am ‐ Jun 8, 2020 9:40am

Identification: NOT20102

Operation Credit Type : Auditing (Governmental)

Operation Level : Basic

Operation Prerequisites : 1-2 Years in the Profession

Operation Advanced Prep : None

Operation Minutes : 100

Operation Credits : 2.0

This workshop will provide background and context of a single audit engagement and help participants differentiate these engagements from traditional financial statement audit engagements.

Additionally, presenters will walk through the major program determination process to help auditors understand this critical part of performing a single audit.

Learning Objectives:
  • Identify the differences between single audit engagements and financial statement audits
  • Apply single audit requirements
Speaker(s):
Tags: YBK SAU
Category: Pre-Conference Optional Workshop (Additional Fee)

Fringe Benefits: What are you "W-2ing"?

Jun 8, 2020 8:00am ‐ Jun 8, 2020 9:40am

Identification: NOT20103

Operation Credit Type : Taxes

Operation Level : Intermediate

Operation Advanced Prep : None

Operation Minutes : 100

Operation Credits : 2.0

Operation Prerequisites : 3-5 Years in the Profession

How many times have you thought to yourself, "Is this fringe benefit taxable or not"? This workshop will discuss some of the more (and less) common fringe benefits that many non-profit organizations run into along with the taxability of each.

Learning Objectives:
  • Identify and discuss some of the more (and less) common fringe benefits nonprofit employers provide to their employees.
  • Once identified, determine the proper taxability and W-2 disclosure of each fringe benefits previously identified.
Speaker(s):
Tags: TAX
Category: Pre-Conference Optional Workshop (Additional Fee)

Enhanced Budgeting & Forecasting for Modern Nonprofit Finance Professionals

Jun 8, 2020 8:00am ‐ Jun 8, 2020 9:40am

Identification: NOT20104

Operation Credit Type : Specialized Knowledge

Operation Level : Intermediate

Operation Prerequisites : 3-5 Years in the Profession

Operation Advanced Prep : None

Operation Minutes : 100

Operation Credits : 2.0

The uncertain political climate has made financial forecasting harder than ever.  This workshop will empower nonprofits to develop nimble budgets, plan for times of uncertainty and enhance communications to tell their story in the foggy future.  It will focus on the tools and techniques available to improve the budgeting and forecasting process, including reporting and engaging programmatic and fundraising staff.  This workshop will also touch upon predictive analytics, forecasting, modeling and scenario planning that goes beyond historical information like budget vs actual.

Learning Objectives:
  • Compare and implement long-term, multi-scenario financial models to analyze options in a rapidly changing environment
  • Use predictive analytics in the budgeting process
  • Analyze results from budgeting tools effectively and efficiently
Speaker(s):
Tags: SKA
Category: Pre-Conference Optional Workshop (Additional Fee)

Single Audit Fundamentals - A Deeper Dive Into Execution and Reporting

Jun 8, 2020 9:50am ‐ Jun 8, 2020 11:30am

Identification: NOT20105

Operation Credit Type : Accounting (Governmental)

Operation Level : Intermediate

Operation Prerequisites : 3-5 Years in the Profession

Operation Advanced Prep : None

Operation Minutes : 100

Operation Credits : 2.0

This workshop will focus on the execution and reporting phases of the single audit. We will discuss the following topics:

    • Recent changes to direct and material compliance requirements
    • Internal control over compliance
    • Sampling
    • Evaluation of audit results
    • Reporting

Learning Objectives:
  • Understand the considerations necessary to execute, evaluate and report results of a single audit
  • Apply single audit execution and reporting concepts via case studies and Q&A
  • Identify how recent changes to the Compliance Supplement will influence single audit execution and reporting decision making
Speaker(s):
Tags: YBK SAU
Category: Pre-Conference Optional Workshop (Additional Fee)

Form 990-T: Rolling Up Your Sleeves

Jun 8, 2020 9:50am ‐ Jun 8, 2020 11:30am

Identification: NOT20106

Operation Credit Type : Taxes

Operation Level : Intermediate

Operation Prerequisites : 3-5 Years in the Profession

Operation Advanced Prep : None

Operation Minutes : 100

Operation Credits : 2.0

Identifying and analyzing unrelated business income and completing Form 990-T continues to be a challenge, especially in light of changes brought about by TCJA. Now that the "Parking Tax" has been repealed, we can focus on other issues.  This session will use real life case studies to analyze revenue streams, identify possible exceptions available under the Internal Revenue Code, evaluate expense allocations to minimize an organization's tax liability, and discuss how the income and expenses are reported on Form 990-T.  Bring your most compelling unrelated business income issues from the past year for this robust discussion.

Learning Objectives:
  • Understand the nuances of unrelated business income taxes
  • Apply best practices for completing Form 990-T
  • Understand the recent changes to Form 990-T
Speaker(s):
Tags: TAX
Category: Pre-Conference Optional Workshop (Additional Fee)

F-A-S-T-E-R Disaster RecoveryF-A-S-T-E-R Disaster Recovery

Preview Available

F-A-S-T-E-R Disaster Recovery

Jun 8, 2020 9:50am ‐ Jun 8, 2020 11:30am

Identification: NOT20107

Operation Credit Type : Business Management & Organization

Operation Level : Intermediate

Operation Prerequisites : 3-5 Years in the Profession

Operation Advanced Prep : None

Operation Minutes : 100

Operation Credits : 2.0

Did you know that 35% of organizations never reopen after a disaster? Or that if a server goes down, it only takes 48 hours to suffer permanent damage? While we think of disasters as storms or fires, events such as ransomware or the loss of a major grant can have disastrous results to the bottom line. Every organization needs a plan to protect their assets, prevent damage, and prepare for recovery. Learn how to identify and prioritize risks, develop countermeasures to protect against loss, and the step by step process for preparing a disaster recover plan. A plan, no matter how simple, can help your organization and constituents not only survive but even thrive. 

Learning Objectives:
  • Describe the eight categories of disasters
  • Define the six-step process to prepare for and survive a disaster
Speaker(s):
Tags: SKA
Category: Pre-Conference Optional Workshop (Additional Fee)

Planned Giving - An Introduction to the Instruments and Their Accounting

Jun 8, 2020 9:50am ‐ Jun 8, 2020 10:40am

Identification: NOT20108

Operation Credit Type : Accounting

Operation Level : Basic

Operation Prerequisites : 1-2 Years in the Profession

Operation Advanced Prep : None

Operation Minutes : 50

Operation Credits : 1.0

Planned giving instruments and their related accounting can be one of the least understood areas of not-for-profit financial reporting.  Please join us for this in-depth workshop to gain a foundational understanding of the key elements of the varying types of planned giving instruments and their underlying accounting implications.

Learning Objectives:
  • Identify and distinguish between the different types of planned giving arrangements
  • Examine the relevant accounting implications for varying planned giving instruments
  • Understand the key judgments required in determining amounts reported in not-for-profit financial statements related to planned giving instruments
Speaker(s):
Category: Pre-Conference Optional Workshop (Additional Fee)
Print Certificate
Review Answers
Print Transcript
Completed on: token-completed_on
Review Answers
Please select the appropriate credit type:
/
test_id: 
credits: 
completed on: 
rendered in: 
* - Indicates answer is required.
token-content

token-speaker-name
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
/
/
token-index
token-content
token-index
token-content