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2022 AICPA & CIMA Not-for-Profit Industry Conference

NOT2258 - Reviewing Form 990 (compare to FS) The Battle Royale: GAAP v. Form 990 Reporting

Jun 15, 2022 1:15pm ‐ Jun 15, 2022 2:30pm

Standard: $49.00


While Form 990 generally follows financial statement reporting, Form 990, Part IX requires more detailed reporting . It is also an area that potential donors may look at to draw conclusions about how well the organization accomplishes its mission. Differences between the financial statement functional and Part IX of the Form 990 may need to be explained to Board member and to readers of the Form 990. This session will explore the GAAP vs. Form 990 functional reporting beyond just donated services and investment expenses, and offer practical tips on financial statement and Form 990 reporting to help the organization "put its best foot forward" on expense reporting.

Learning Objectives:
  • Compare the differences between GAAP and Form 990, Part IX reporting of expenses.
  • Analyze practical tips for preparing a proper financial statement and Form 990 functional expense statement.


Tags: A and A TAX
Category: Concurrent Session Onsite and Online

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