Putting People First – Evolving the Approach to Developing Finance Talent
Jun 9, 2021 1:20pm ‐ Jun 9, 2021 2:10pm
Identification: NOT2162
Even before the current crisis, digital transformation and new ways of working were having a significant influence on the critical skills and capabilities of the finance function. The coronavirus pandemic has accelerated that need. Barry Payne, Director – External Relations, Management Accounting will share insights on the skills and competencies that will become more prominent in the post-COVID world.
- Identify how leveraging digital technologies has changed the skills landscape.
- Determine how digital technologies are driving new operating models and will shape the Future finance function.
- Reflect on what finance leaders have learned from doing business during the pandemic.
- Consider how skills and competencies of finance professionals need to evolve.
Functional Expense Reporting for Nonprofits
Jun 9, 2021 1:20pm ‐ Jun 9, 2021 2:10pm
Identification: NOT2163
If you've ever struggled with what expenses go into what classification of functional expense, you're not alone. This session will breakdown the nuances of each functional expense category, discuss best practices for the Form 990 and financial statement reporting, and allow you to walk away with a more clear understanding of this schedule.
- Identify best practices for allocation of expenses in the Form 990 and Financial Statements
- Understand the details and nuances of Program, MG&A and Fundraising expense activity.
A&A Ask the Experts
Jun 9, 2021 2:40pm ‐ Jun 9, 2021 3:55pm
Identification: NOT2164
Ask questions to the A&A experts! Our experts will address any questions you may have and discuss technical issues that have surfaced over the past few years.
- Apply lessons learned from issues faced by others in practice.
- Discuss best practices and practical applications in applying new standards.
Advanced Single Audit Issues
Jun 9, 2021 2:40pm ‐ Jun 9, 2021 3:55pm
Identification: NOT2165
There are often challenging issues in the performing of a single audit and questions that arise. These can be complex, infrequent, and/or subject to increased auditor judgment. This session will identify these issues, discuss strategies for addressing them as well as providing insights to current questions.
- Identify recent single audit developments
- Evaluate control over compliance and challenges COVID poses
- Assess high risk areas of the single audit and how to address
- Identify deficiencies in single audits
Newsworthy Nonprofits
Jun 9, 2021 2:40pm ‐ Jun 9, 2021 3:55pm
Identification: NOT2166
This year has been quite an interesting one for nonprofits in the news. This session will take a look at some of the biggest headline grabbers from the past year. We'll review the recent investigations of the IRS as well as state attorneys general to see what the agencies have uncovered in these cases, and connect this to the ways in which the media is reporting on various issues. We'll analyze the impact of these scandals and dig into the investigations themselves to see what went wrong and who is to blame.
- Identify the biggest news items related to nonprofits in the past year.
- Analyze the cases and identify the most pertinent technical issues surrounding each case.
Going Concern Considerations - Auditee and Auditor Perspective
Jun 9, 2021 2:40pm ‐ Jun 9, 2021 3:55pm
Identification: NOT2167
In this session we will cover what are the common pitfalls and best practices around this analysis. We will also go over the importance of documentation and adding details on this analysis for the auditors' and those charged with governance (i.e. audit committee) use. The need for this analysis is required by GAAP but it has been highlighted due to the pandemic and related crisis management planning.
- Best practices and common pitfalls for auditors and auditees around going concern analysis.
- Identify documentation needed for the going concern analysis by the auditee
360 Degree View of Alternative Investments
Jun 9, 2021 2:40pm ‐ Jun 9, 2021 3:55pm
Identification: NOT2168
As alternative investments increase in popularity, they also seem to be increasing in complexity. Let's talk about alternative investments and look at the many tax and investment issues that can arise. We will touch on UBI reporting, siloing, SALT and international issues, as well as challenges faced, tips to coordinate efforts and reduce wasted time, biggest risk areas, and roles and responsibilities.
- Understand the many tax, audit and investment issues that can arise related to alternative investments.
- Examine different reporting, SALT and international issues as well as different challenges faced.