Post-Federal Award Requirements of Uniform Guidance: How to be Prepared (and Compliant) to Administer Federal Funding

Jun 13, 2022 3:30pm ‐ Jun 13, 2022 4:45pm

Identification: NOT2215

Due to the trillions of dollars flowing into the economy from COVID-19 related legislation, many NFPs are now facing a challenge of having to administer federal grants in accordance with applicable regulations. This session will discuss the post-federal award requirements of 2 CFR 200 (Uniform Guidance) as to systems and controls that should be in place to avoid non-compliance with the applicable regulations.

Learning Objectives:
  • Determine the main concepts of the administrative requirements of Uniform Guidance
  • Identify efforts to develop policies and procedures (internal controls) over the administrative requirements to be able to effectively administer federal awards and be prepared come audit time
Category: Concurrent Session Onsite and Online

Unraveling the Mysteries of the Schedule A Public Support Tests

Jun 13, 2022 3:30pm ‐ Jun 13, 2022 4:45pm

Identification: NOT2216

Deep dive into the various Schedule A public support tests, focusing on the first four Parts of Schedule A,; more specifically covering some of the "per se" publicly supported entity types referenced in Part I, the calculation of the Part II and III public support ratios, the different Types of supporting organizations referenced in Part IV, and tips and tricks for maintaining public charity status.

Learning Objectives:
  • Identify filing issues that are faced by public charities.
  • Analyze different alternatives to protect public support status and common missteps that can occur.
Category: Concurrent Session Onsite and Online

Mitigate Don't Litigate

Jun 13, 2022 3:30pm ‐ Jun 13, 2022 4:45pm

Identification: NOT2217

Three risk experts lead a discussion on how risk mitigation strategies can protect your not-for-profit organization.

Learning Objectives:
  • Identify emergent threats to nonprofit organizations
  • Analyze complementary risk management strategies that can reduce total cost of risk
  • Compare participant experiences and best practices
  • Distinguish how to use commercial risk transfer optimally
Category: Concurrent Session Onsite and Online

Attracting, Developing and Retaining Talent During the Turnover Tsunami

Jun 14, 2022 8:30am ‐ Jun 14, 2022 9:20am

Identification: NOT2222

The number one priority – talent! With the ‘great resignation’, new ways of working and a re-set of aspirations, the availability of skilled finance personnel is now a top priority for finance leaders. As a result, leading finance organizations are investing more in finance upskilling and reskilling. One clear result of the Covid-19 pandemic has been the rapid acceleration of the digital transformation of our economy. Accompanying this digital transformation is an acceleration of changes to the critical skills, capabilities and mindsets that businesses need from their finance function. It is therefore vital to develop a strategic and sustainable approach to acquiring, developing and retaining a diverse pool of accounting and finance talent. In this session, the panel will speak to how they have reset and evolved their approach to talent development and upskilling. And how organizations have used models such as the CGMA Competency Framework to develop finance capability and talent needed to drive changes to their digital business and operating model.

Learning Objectives:
  • Analyze how the panellists have created a finance vision and how it is adding value.
  • Identify how the panellists has worked with a set of competencies to translate this vision into clear functional and development goals.
  • Distinguish how the panellists has been able to measure investment in competencies and skills against its finance vision and principles
  • Determine a strategy for creating a vision and developing emerging competencies needed in your organization.
Category: Concurrent Session Onsite and Online

When the Accounting is Good, the Audit is Easy (Sponsored by Your Part-Time Controller, LLC)

Jun 14, 2022 8:30am ‐ Jun 14, 2022 9:20am

Identification: NOT22SS02

What are this year's key considerations when preparing for your organization's annual financial statement audit? Carole and Jennifer will provide accounting and auditor perspectives to help ensure your organization has a smooth and painless audit.

Learning Objectives:
  • Determine best practices for preparing for an annual audit
  • Analyze key considerations when accounting for revenue recognition and updated in-kind contributions guidance
  • Identify policies and procedures that should be implemented or revisited
Category: Concurrent Session Onsite and Online

SOS for Software Solutions (Sponsored by CLA)

Jun 14, 2022 8:30am ‐ Jun 14, 2022 9:20am

Identification: NOT22SS03

Develop the know-how, tools and plans for system optimization and selection (SOS) related to your operational and financial management software needs. Successful system selection begins with a thoughtful, comprehensive approach to identifying your prioritized user requirements, well defined goals, and the inclusion of all organization stakeholders.  During this session, we will outline the major steps required to accurately select a new software system, or optimize your current application environment.

Learning Objectives:
  • Analyze how nonprofits can use technology to push their mission forward.
  • Determine concrete steps for assessing and selecting software solutions for their organization
  • Identify expected resource demands and timelines for implementation of a new or replacement software solution
Category: Concurrent Session Onsite and Online

Does Google Think You’re Sexy? The Cost of Having a Bad Reputation (Sponsored by GRF CPAs & Advisors)

Jun 14, 2022 8:30am ‐ Jun 14, 2022 9:20am

Identification: NOT22SS04

Has your website domain been blacklisted without your knowledge? Are visitors not coming to your site because it’s flagged as unsafe? Are your donor lists being shared on the dark web? Learn the best practices for monitoring and protecting your organization’s most valuable asset: your reputation. Understanding your reputation risk goes way beyond just googling your company name. In this session, we will cover the many ways your online reputation can be compromised and offer recommended tools available for monitoring these risks. We will also discuss remediation steps for addressing any issues uncovered.

Learning Objectives:
  • Identify best practices for managing your online reputation
  • Analyze recommended tools for monitoring reputation risk and how to remedy issues identified
  • Calculate how reputation risk fits into an ongoing cybersecurity program
Category: Concurrent Session Onsite and Online

Turning the Corner on COVID: Leadership Strategies for Nonprofit Success (Sponsored by Marcum LLP)

Jun 14, 2022 8:30am ‐ Jun 14, 2022 9:20am

Identification: NOT22SS05

Change is constant and often comes at a rapid pace. An unpredictable crisis, such as COVID-19, can be looming just around the next corner. While unexpected storms can quickly disable passive or reactive leaders and result in dire consequences for an organization, other leaders are able to make intelligent changes to confront, thrive and emerge successfully from a crisis. Strategy is an ever evolving process. Strong leaders who proactively put the right people, processes and technology in place, before disaster strikes, recognize opportunity and rise up to take calculated risks. They create short and long-term plans adaptable to a changing and highly competitive landscape. In this session, we will look back and forward with one veteran nonprofit CEO who led and guided his organization through pervasive disruption and extreme uncertainty to turn the corner on COVID stronger than ever.

Learning Objectives:
  • Identify experienced-based strategies and tactics that can help
  • Differentiate proactive leadership vs reactive leadership characteristics
Category: Concurrent Session Onsite and Online

Leases (FASB ASU 2016-02) Deep Dive with Case Studies

Jun 14, 2022 9:35am ‐ Jun 14, 2022 10:50am

Identification: NOT2224

Leveraging off the Leases Overview session, this session will dive deeper into the new lease session going through examples of what does and doesn’t qualify under the new lease definition as well as learning how to record the journal entries and other implementation concerns.

Learning Objectives:
  • Identify and discuss how do identify a new lease.
  • Analyze and discuss how to record the accounting entries under the new lease accounting standard.
Category: Concurrent Session Onsite and Online

Cost Principles of Subpart E of Uniform Guidance: How to Avoid Questioned Costs

Jun 14, 2022 9:35am ‐ Jun 14, 2022 10:50am

Identification: NOT2225

Allowable activities/allowable costs is a compliance area that auditors frequently report audit findings and questioned costs. This session will discuss the cost principles of Uniform Guidance as it relates to general principles, direct vs. indirect costs and specific cost area that give grantees the most challenges in their efforts to be compliant.

Learning Objectives:
  • Evaluate the main concepts of the cost principles of Uniform Guidance and those high risk areas that require special attention
  • Determine how develop policies and procedures (internal controls) over the cost principles to be able to effectively incur costs under federal awards and not fear that they are making missteps that will result in obligations back to the government
Category: Concurrent Session Onsite and Online