AICPA Not-for-Profit Industry Conference 2021

Jun 7, 2021 ‐ Jun 9, 2021

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately. 

Introduction to Contribution and Grant Accounting

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Introduction to Contribution and Grant Accounting

Jun 2, 2021 10:00am ‐ Jun 2, 2021 11:40am

Identification: NOT21101

This session will review the contribution revenue accounting standard for nonprofit organizations under topic 958-605, including the recent clarified guidance in ASU 2018-08.  This will be a primer on contribution and grant accounting. We will also review how to effectively audit contribution transactions and discuss key audit procedures.

• Understand accounting for nonreciprocal transactions accounted for under topic 958-605
• Understand how to effectively audit contribution transaction and key audit procedures

• Kelly Rancourt, CPA, Principal, Clark Nuber
• Hediyeh Sadeghein, CPA, Audit Manager, Johnson Lambert

Beyond Budgets: Enhanced Budgeting & Forecasting for the Modern CPA

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Beyond Budgets: Enhanced Budgeting & Forecasting for the Modern CPA

Jun 2, 2021 10:00am ‐ Jun 2, 2021 11:40am

Identification: NOT21102

These uncertain times have made financial forecasting harder than ever.  This session will empower nonprofits to develop nimble budgets, plan for times of uncertainty and enhance communications to tell their story in the foggy future. Focusing on practical tools and techniques available to improve the budgeting and forecasting process, we will discuss how to involve a cross-functional team in the process, including programmatic and fundraising staff . This session will also touch upon predictive analytics, forecasting, modeling, and scenario planning that goes beyond historical information like basic "budget vs actuals".

• Identify an inclusive financial planning process during time of uncertainty.
• Select practical tools that fit your organizations needs for tracking and sharing financial information.

• Gina McDonald, CPA, Lead Consultant, BDO FMA
• Lisa Stover, CPA, CGMA, CAE, Principal, CLA

Advanced Level Contributions Do's and Don'ts

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Advanced Level Contributions Do's and Don'ts

Jun 2, 2021 12:00pm ‐ Jun 2, 2021 1:40pm

Identification: NOT21103

In this session we will explore complex contribution accounting topics including Split Interest Agreements, Planned Giving, and Endowment. We will discuss the does and don't of the planned ask from donors and the impacts on the ultimate accounting.

• Identify complex contribution situations
• Account for complex contribution situations

• Pete Ugo, CPA, Partner, Crowe LLP
• Cathy J. Clarke, CPA, Chief Quality Officer, CLA

Nonprofit Organizations: Mergers, Acquisitions & Strategic Realignment

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Nonprofit Organizations: Mergers, Acquisitions & Strategic Realignment

Jun 2, 2021 12:00pm ‐ Jun 2, 2021 1:40pm

Identification: NOT21104

Mergers, acquisitions and more specifically, strategic partnerships are taking place in a challenging nonprofit landscape with increasing frequency. This is a result of myriad pressures facing nonprofits as a result of a pandemic that continues to impact the global economy. Such challenges leading to the need for partnerships include but not limited to liquidity and resource challenges, operational efficiency, sustainability and resiliency and ultimately achievement of mission and impact.



As we examine the options available to nonprofit organizations, there are three critical pillars of a successful strategic partnership to focus on: synergy, resources and culture. When considering a form of a strategic partnership, it is important that organizations evaluate and ask themselves the following:

• What synergies can we create with existing operations that would have the greatest impact?
• Would the partnership create the resources, infrastructure, experience, and capacity necessary to succeed?
• What important cultural and mission centric balance is needed in order to thrive?

• Identify good practices for a successful merger, acquisition or strategic alignment.
• Determine the advantages and disadvantages of mergers and acquisitions.
• Assess the financial feasibility of a merger or acquisition.

• Adam B. Cole, CPA, CGMA, Co-leader, National managing partner, Nonprofit & Education Industry practice, BDO USA, LLP
• Matthew Becker, Audit DIrector, BDO USA, LLP

Yellow Book 101: Deep Dive into the 2018 Revisions

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Yellow Book 101: Deep Dive into the 2018 Revisions

Jun 2, 2021 2:00pm ‐ Jun 2, 2021 3:40pm

Identification: NOT21105

This workshop is designed to identify and provide a in-depth understanding of the key changes made to GAS when implementing the 2018 Revision.

• Understand key changes made to the 2018 Revision of GAS.
• Analyze key changes in the performance of audit and attest engagement in accordance with the 2018 Revision of GAS.

• Brian A. Schebler, CPA, Managing Director, RSM US LLP
• Andrea E. Wilson, National Co-Leader, BDO USA

Key Tax Issues for Nonprofits During Initial Years of Operation

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Key Tax Issues for Nonprofits During Initial Years of Operation

Jun 2, 2021 2:00pm ‐ Jun 2, 2021 3:40pm

Identification: NOT21106

We will discuss key tax issues affecting nonprofits during their initial years of operations. We'll look at the tax exemption process for various types of entities (501(c)(3)s, small and large; 501(c)(4)s; and other nonprofits) and answer FAQs regarding the first years of operations (retroactive exemption, filing returns before determination letter, determination process, etc.). The workshop will also address organizations using IRS Forms 1023 and 1024 applications to receive exemption and organizations that self-declare.

• Understand the tax exemption process for various types of entities.
• Explore issues that arise with a nonprofit's first year of operation.

• Emily Chan, J.D., Of Counsel, Adler & Colvin
• Christopher B. Anderson, CPA, Shareholder, Maloney + Novotny LLC

Compliance Fundamentals: GAAS, GAGAS, UG...How it All Fits Together!

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Compliance Fundamentals: GAAS, GAGAS, UG...How it All Fits Together!

Jun 2, 2021 4:00pm ‐ Jun 2, 2021 5:40pm

Identification: NOT21107

This fundamentals workshop provides a background on the audit standards and regulations used in a compliance audit and how those work together.  Standards and regulations to be covered include AICPA audit standards, Government Auditing Standards and the Uniform Guidance.  This workshop is intended to be an introductory course for those new to compliance audits.

• Understand the standards and regulations used in a compliance audit.
• Recognize how each standard is used in a compliance audit.

• Stephen W. Blann, CPA, CGFM, CGMA, Owner | Public Sector QC Director, Rehmann
• Lindsey Oakley, CPA, Partner, BKD

Chair Welcome and Introductions | Leading & Managing in an Era of Disruptive Demographics and "Certain-Uncertainty"

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Chair Welcome and Introductions | Leading & Managing in an Era of Disruptive Demographics and "Certain-Uncertainty"

Jun 7, 2021 9:30am ‐ Jun 7, 2021 10:30am

Identification: NOT2101

Disruptive demographics are dramatically transforming all of nation’s social, economic, and political institutions. At the same time, the COVID-19 pandemic and the nation-wide protests spawned by the recent spate of senseless killing of unarmed Blacks have illuminated what executive development professionals have been telling private and public sector leaders and /managers for quite some time. We are living in an era of increasing volatility, uncertainty, complexity, and ambiguity—a VUCA World. “Certain-uncertainty” is the new normal in today’s society and economy, which requires new leadership capabilities and managerial competencies to properly respond to our nation’s changing demographics and weather the current and future crises we almost sure to face. Join us for an illuminating discussion of the six disruptive demographic trends that will change America forever and the “new” leadership toolkit required to manage turbulence and uncertainty.

• Learn how our nation’s shifting demography will shape our future
• Hear and learn about the tools and skills will you need to weather the turbulence, an uncertainty we are almost sure to face in the future

• James H. Johnson, Ph.D, William Rand Kenan, Jr. Distinguished Professor, UNC Kenan Flagler - Whole Community Health

Elevating Your Story with Data and Metrics - Education Lab Session by Sage Intacct (No CPE)

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Elevating Your Story with Data and Metrics - Education Lab Session by Sage Intacct (No CPE)

Jun 7, 2021 12:25pm ‐ Jun 7, 2021 12:55pm

Identification: NOT21NS01

Join us as we look at 5 things you can do right now to ramp up faster and at what recent giving data tells us matters most - for growing your non-profit’s funding. How do you leverage your data and performance metrics to better tell your story? How do you build engagement with donors to prioritize your mission?

We’ll share some best practices, along with specific examples of how you can elevate your story to all generations of prospective donors to help strengthen sustainability for the long term.

No CPE offered.

• Joan R. Benson, Director, Nonprofit Industry, Sage Intacct

Common Financial Statement Errors

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Common Financial Statement Errors

Jun 7, 2021 1:25pm ‐ Jun 7, 2021 2:40pm

Identification: NOT2104

Learn how, with a little extra planning and preparation, you can avoid common errors that not-for-profits make in their financial statements. We will explore some of the most common, material errors encountered in not-for-profit financial statements and what you can do to avoid those common errors.

• Identify the most common errors found in not-for-profit financial statements
• Determine the impact errors could have on not-for-profit financial statements

• Ms. Susan E. Budak, CPA, Consultant and Author, Susan E. Budak, CPA
• Ashley Whitaker, CPA, Lead Manager, Not-for-Profit Content Development, AICPA