This includes sessions from the conference: Governmental and Not-for-Profit Training Program 2018
Very lively and interactive session focused upon the conducting of gaming/gambling activities by nonprofits, including the essentials regarding the protecting of a nonprofits tax-exempt status when undertaking gaming/gambling activities.
This session will help participants understand some unique application issues to consider in applying GASB statements to Tribal governments and their enterprises. Specific items that will be reviewed include investments vs. component unit considerations, leases, fiduciary funds and others. The session will also discuss recent guidance issued on auditor reporting for Tribal businesses and enterprises that issue FASB financial statements.
School districts represent a unique subset of special purpose governments. This session will explore recent developments in the industry, review financial and single audit issues identified in practice, and discuss the application of GASB 84 (Fiduciary Activities) to school districts.
While Business Type-Activities (BTAs) follow Generally Accepted Accounting Principles for governments, BTAs are challenged to meet industry specific reporting demands for users and customers. This session will identify issues in reporting as a stand-alone BTA.
Explore the application of GASB Statement No. 84, Fiduciary Activities, to various scenarios to learn how the upcoming standard will impact fund classification and financial reporting.
Examine the unrelated business income tax, particularly in light of the new Tax Cuts and Jobs Act of 2017 and its provisions regarding the 'siloing' of unrelated business losses and the taxation of certain fringe benefits being provided by exempt organization employers. This Act changes the playing field for exempt organizations reporting the receipt of unrelated business income.
Not all endowments are the same, and they often times create complexity and confusion within not-for-profit organizations. This session will review endowment accounting and financial reporting, provide an overview of UPMIFA, and share some suggestions for effective communication with Boards, development staff, and donors about endowments.
In this session, we will address the more challenging issues in a single audit environment, including those that are complex, infrequent, and/or subject to increased auditor judgment.
This session builds on where the theory session left off and illustrates how to apply the concepts to real world leases. This is an application focused session to get you ready for implementation.
This session will provide an overview of risk management, how to develop risk management policies, and related roles and responsibilities.