Description

This session will cover the areas in nonprofit and governmental accounting that require significant estimates. During this session, we will cover the preparer and auditing perspective including:

• Discounts on long-term receivables including pledge receivables
• Collectability and allowances on receivables
• Valuation and impairment of investments
• Deferred revenue, liabilities and swaps
• Allocations of expenditures
• Useful lives and impairment of long-lived assets
• Donated goods and services
• Pension obligations
• Asset retirement obligations
• Split-interest agreements

Learning Objectives:

1.  Reconstruct the estimates listed in the session description.
2.  Evaluate the audit and accounting implications of misjudging estimates.
3. Interpret an estimate and correctly audit.

Speaker(s):

• Stephen W. Blann, CPA, CGFM, CGMA, Owner | Director of Governmental Audit Quality, Rehmann, LLC
• Melissa Harman, CPA, Partner, Moss Adams LLP