2022 AICPA & CIMA Not-for-Profit Industry Conference

Jun 13, 2022 ‐ Jun 15, 2022

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 NFP Revenue Recognition: Case Studies - Which Standard Applies?

Preview Available

Introduction to NFP Revenue Recognition: Case Studies - Which Standard Applies?

Jun 2, 2022 10:00am ‐ Jun 2, 2022 11:40am

Identification: NOT22101

The workshop will start with determining which GAAP to apply (exchange, contribution, other), timing and amounts of revenue recognition, and classification as unrestricted or donor-restricted for contributions and timing and amounts of release of restriction. This session will walk through multiple case studies in applying GAAP to various funding arrangements.

• Identify the accounting treatment for various funding arrangements.
• Recognize how to consider the type of contribution received.

• Kelly Frank, CPA, CGMA, Partner, Crowe, LLP

• Kristin E. Hogan, CPA, Senior Manager, Johnson Lambert LLP

What's the Score? (Effective Dashboard Reporting.)

Preview Available

What's the Score? (Effective Dashboard Reporting.)

Jun 2, 2022 10:00am ‐ Jun 2, 2022 11:40am

Identification: NOT22102

Dashboard reports have gained popularity, as organizations strive to provide quick, easy to interpret information customized for different audiences. Effective use of dashboards and KPIs keeps your not-for-profit's key stakeholders informed and alerted to items requiring attention. In this session, we will showcase sample dashboards used by organizations, as well as provide attendees with dashboard templates that can be customized.

• Analyze steps to determining what to include in your organization's dashboard reporting.
• Identify how to customize dashboards for different audiences and stakeholders.
• Determine tools used to create effective dashboards.

• Gina McDonald, CPA, Managing Director, BDO FMA

Advanced Giving Tools: Split Interest Agreements, Trusts, Donor Advised Funds, and More!

Preview Available

Advanced Giving Tools: Split Interest Agreements, Trusts, Donor Advised Funds, and More!

Jun 2, 2022 12:00pm ‐ Jun 2, 2022 1:40pm

Identification: NOT22103

In this workshop we will explore complex contribution accounting topics including Split Interest Agreements, Trusts, and Donor Advised Funds. We will discuss the complexities and calculations required for these agreements and the accounting and ongoing tracking required.

• Assess complex contribution situations
• Evaluate how to account for complex donor agreements

• Chris DuKate, CPA, Partner, Capin Crouse
• Sarah Reichling, CPA, Principal, CLA

Are You Addressing the Right Risks in Cybersecurity?

Preview Available

Are You Addressing the Right Risks in Cybersecurity?

Jun 2, 2022 12:00pm ‐ Jun 2, 2022 1:40pm

Identification: NOT22104

A risk assessment is the foundation of an information security and cybersecurity program. Additionally, it is also a requirement of the Gramm-Leach-Bliley Act (GLBA). We will provide a risk assessment template to help participants identify risk and adequately evaluate their current controls. This process will help ensure management is addressing the right risk with the correct controls. This workshop will be using real world examples provided by a current CIO in the Higher Education Community and a long time Information Security Officer turned IT Auditor. Users will leave the workshop with a greater knowledge of what to look for and a checklist of high risk items to evaluate their own organizations.

• Determine IT risk and implementing establishing controls to remediate that risk, and submitting to stakeholders for their approval
• Identify the process from risk detection through enforcing risk reducing controls in policy in accordance with the GLBA
• Distinguish the importance of data classification to the risk assessment process.

• Johnny L. Sanders, Senior Managing Consultant, FORVIS
• Taylor Armstrong, CISA, CTO, CAPM, Managing Consultant | Forvis Cyber, IT Risk Services, FORVIS

Addressing Risk and Internal Control in a Single Audit

Preview Available

Addressing Risk and Internal Control in a Single Audit

Jun 2, 2022 2:00pm ‐ Jun 2, 2022 3:40pm

Identification: NOT22105

In this workshop participants will learn about addressing risk and internal control in a single audit. Presenters will focus on the internal control requirements of the Uniform Guidance, AICPA, and Yellow  Book. Finally, presenters will review the process of identifying effective internal control over compliance and how the auditor decides whether a control is designed and implemented effectively.

• Identify the requirements of UG related to understanding and documenting internal controls over compliance;
• Analyze the fundamental understanding with a step by step approach to documenting internal controls in a single audit;
• Determine whether controls have been placed into operation and are operating effectively.

• Lindsey Oakley, CPA, Partner, FORVIS
• Kim McCormick, CPA, Partner, Audit Services, Grant Thornton

Charitable Giving, Structuring New Entities - Donations, Deductions, Limitations, etc.

Preview Available

Charitable Giving, Structuring New Entities - Donations, Deductions, Limitations, etc.

Jun 2, 2022 2:00pm ‐ Jun 2, 2022 3:40pm

Identification: NOT22106

Charitable giving is a dynamic topic that impacts donors and nonprofit organizations alike. Everyone can benefit by creating charitable giving plans and finding ways to maximize the tax benefits. In this workshop, learn about different charitable giving vehicles, including the use of program-related investments by private foundations, private operating foundations, donor-advised funds, and others, and the benefits and drawbacks of each. We will discuss nonprofit organizational structures and charitable giving trusts, and the types of assets that can (but sometimes shouldn't) be contributed to each.

• Analyze the benefits and drawbacks of charitable giving vehicles, including charities, foundations, and charitable trusts
• Compare alternatives to setting up your nonprofit organization such as donor advised funds and community foundations;
• Determine charitable giving thresholds and limitations for cash as well as various types of assets

• Ofer Lion, Co-Chair of ABA Section of Taxation, Subcommittee on UBIT, Partner, Seyfarth Shaw LLP
• Chérie Williams, CPA, Tax Manager, Moss Adams

I Have Something to Report: Key Audit Finding Elements

Preview Available

I Have Something to Report: Key Audit Finding Elements

Jun 2, 2022 4:00pm ‐ Jun 2, 2022 5:40pm

Identification: NOT22107

This workshop will identify the key audit finding elements once an exception or deviation has resulted in a reportable finding. We will explore how to properly classify, report, and communicate findings in accordance with requirements.

• Identify how to report a finding under Uniform Guidance and Government Auditing Standards
• Determine how to evaluate, classify, document and report single audit findings
• Analyze how to avoid common reporting errors when encountering single audit findings

• Thomas J. Sneeringer, CPA, Partner, RSM US LLP
• Craig Wories, CPA, Partner, RSM US LLP

Basic UBI & 990-T

Preview Available

Basic UBI & 990-T

Jun 2, 2022 4:00pm ‐ Jun 2, 2022 5:40pm

Identification: NOT22108

This workshop will revisit unrelated business income in light of evolving TCJA guidance. We will walk through the assessment of UBI, exploring its rules, exclusions and exceptions, and dive into the most common types of UBI, including advertising/qualifying sponsorship, rental income, debt financed income and alternative investments. We will also review the recently updated Form 990-T and explore the basics of the reporting requirements for UBI silos.

• Recall the definition of an unrelated business activity and the various exclusions and exceptions
• Identify the updated Form 990-T
• Recall the basics of reporting and tracking net operating losses
• Analyze common unrelated business income activities reported by nonprofits, including rental, debt financed income and advertising

• Dave Moja, CPA, Moja & Company
• Shelby Netz, CPA, MST, Senior Tax Manager, Baker Tilly US, LLP

Common Financial Statement Errors

Preview Available

Common Financial Statement Errors

Jun 13, 2022 1:40pm ‐ Jun 13, 2022 2:55pm

Identification: NOT2204

Learn how, with a little extra planning and preparation, you can avoid common errors that not-for-profits make in their financial statements. In this session, 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

• Nicholas C. Rivera, CPA, FHFMA, CHFP, Senior Manager, FORVIS
• Kristin E. Hogan, CPA, Senior Manager, Johnson Lambert LLP

Single Audit Update

Preview Available

Single Audit Update

Jun 13, 2022 1:40pm ‐ Jun 13, 2022 2:55pm

Identification: NOT2205

The last year has been one of the more challenging ever for single audits due to the significant influx of federal funding resulting from the COVID-19 pandemic. There will be many of the same types of challenges to address in the coming year. This session will provide an overview of what is happening in the single audit arena. You will learn about:

COVID-19 funding nuances and related single audit implications;

Key information in the OMB Compliance Supplement;

The latest Uniform Guidance and single audit developments;

News from the Governmental Audit Quality Center; and

The single audit landscape looking forward.

• Recognize the impact of COVID-19 funding on single audits
• Determine the latest OMB Compliance Supplement includes
• Apply the latest Uniform Guidance and other single audit developments.

• Amanda Nelson, CPA, Partner, KPMG
• Mary Foelster, CPA, CGMA, Senior Director, Governmental Auditing and Accounting, AICPA
• Kim McCormick, CPA, Partner, Audit Services, Grant Thornton