The 2018 AICPA Not-for-Profit Industry Conference is your opportunity to refine your planning — reinforced by accounting, audit, tax, and regulatory and compliance updates from standard setters — so that the organization you serve will be better positioned for the mission ahead.
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During this session we will discuss hot topics from the 2018 Not for Profit Entities Industry Developments publication. We will explore areas such as Economic & Industry developments, Regulatory, Accounting and Auditing developments as well as what hot topics are coming down the road in the future.
This session will cover the identification of warning signs that could suggest a threat to the financial sustainability of an NFP. It will focus on early identification of these signs and how to avoid surprises in this area. It will talk about how to have these discussions with an organizations board, management and auditors. It will touch upon these issues in conjunction with the recently effective accounting guidance on going concern as well as liquidity.
Join our presenters for a wide variety of tax topics that will be educational for everyone from novices to experienced pros.
With the midterm election cycle in full swing, 2018 promises to be an active year on the political front. Tax-exempt organizations may engage in political activities without even knowing it. For 501(c)(3) organizations, the result can be loss of exemption. Other organizations, like 501(c)(4)s and 501(c)(6)s, may engage in such activities either directly or through a related or unrelated PAC, but they are subject to limits, reporting obligations, and possible excise taxes under federal tax law. Organizations must also navigate different definitions and requirements for reporting under campaign finance laws, to the FEC or state authorities.
This session will help attendees identify what constitutes political activity for tax law purposes, assess the tax or other impact to various tax-exempt organizations, and properly report such activity on Form 990 and Form 1120-POL.
Attendees will be able to:
A strong background in Finance is essential for all CFOs. The effective CFO today and in the future needs much more than fiscal acumen. Join us for an interactive dialogue on how CFOs need to be effective in this changing business landscape and adapt to a new model for managing operational success. We will focus on needed skills including professional development, adapting to a changing environment, managing up, leading by example, effective networking, leveraging new technology, among others.
This session will cover the following areas:
1) Focus on Quality
2) Embracing COSO and Green Book concepts in Uniform Guidance (UG)
3) Understanding expectations of testing both Design and Operating Effectiveness
4) UG expectations around internal control for auditee's and auditors
This session is for leaders who want to save time and reach their goals more efficiently. Join Cameron Morrissey as he shares his best techniques for helping you take back control of your work day.
It goes without saying that funding is needed to accomplish mission. However, funding continues to be a nonprofit organization's greatest challenge, and "No, Thank You!" may in fact just be the best answer to a funding opportunity. Join three nonprofit professionals in setting the path to a funding strategy that strengthens your organization, rather than depletes it. Strategic considerations in this discussion will include:
-Is there a match between the funding level and expected results?
-Is it time to exit a program rather than keep it alive?
-Does the funding increase our diversification strategy?
-Is this opportunity in line with our gift acceptance policy?
This session will leave participants with the confidence to just say "No" to certain funding.
Do you have a split-interest agreement, such as a CRT, CLT or unitrust? These split-interest agreements are created when a donor contributes assets directly to a not-for-profit organization or places them in a trust for the benefit of the not-for-profit organization, but for which the organization may or may not be the sole beneficiary. Join us for this session as we discuss:
-Split-interest agreements: definitions and the different types of agreements
-How to account for split-interest agreements
-Tips and suggestions for reviewing and recording these agreements
-Disclosure requirements within the financial statements, footnotes and the Form 990
Test your knowledge on recent accounting changes. We'll use a game show format leveraging technology to see who our strongest contestants are. Come ready to answer questions on the new NFP financial statement process, revenue recognition, leases and other ASUs impacting NFP entities.