AICPA Not-for-Profit Industry Conference 2021
The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.
Packages Display Packages
This includes sessions from the conference: AICPA Not-for-Profit Industry Conference 2021
Sessions Included:
Payroll Tax Reporting Issues for Nonprofits (Jun 08, 2021 01:20 PM)
Trust But Verify: Assessing Church Risk in the 21st Century (Jun 07, 2021 01:55 PM)
Don't You Forget...About These Accounting Standards! (Jun 09, 2021 09:35 AM)
Disaster Relief Funds: What Auditors and Auditees Need to Know (Jun 09, 2021 09:35 AM)
International Tax Considerations for Nonprofits (Jun 09, 2021 09:35 AM)
UBI Silo-ing: Lessons Learned, Implementation Challenges and Opportunities (Jun 07, 2021 01:55 PM)
Risky Business: An Enterprise-Wide Exploration of Top Threats and Remedies (Jun 08, 2021 03:05 PM)
Introduction to UBIT: Do You Owe Tax as a Tax-Exempt Organization? (Jun 07, 2021 12:25 PM)
Retirement Plan Management: Implementing a Prudent & Repeatable Process (Jun 09, 2021 09:35 AM)
Work the Core - Don't Fail in Assessing Risk (Jun 08, 2021 09:35 AM)
SEFA Accuracy and Completeness: Refresh (Jun 08, 2021 03:05 PM)
Auditing Standards Board Update (Jun 08, 2021 11:50 AM)
Don't Lease Your Understanding...Own it! (Jun 09, 2021 11:50 AM)
The Revised Uniform Guidance: Understanding and Applying the Key Changes (Jun 07, 2021 03:40 PM)
Advanced Single Audit Issues (Jun 09, 2021 02:40 PM)
Remote Auditing - Tips, Tricks, Traps (Jun 09, 2021 01:20 PM)
The OMB Compliance Supplement: How Can Auditees Utilize This Resource (Jun 08, 2021 11:50 AM)
Single Audit Planning Case Study (Jun 07, 2021 01:55 PM)
Successful Audits From an Auditee's Vantage Point (Jun 09, 2021 11:50 AM)
NFP's Greatest Hits: Top 10 Challenges Facing Organizations Today (Jun 09, 2021 09:35 AM)
Don't Overlook O--The Other Information Schedule (Jun 07, 2021 03:40 PM)
A Roadmap to Quality: Let the AAG-GAS Direct You! (Jun 09, 2021 11:50 AM)
Schedule A & Public Support Test (Jun 08, 2021 09:35 AM)
A&A Ask the Experts (Jun 09, 2021 02:40 PM)
Considerations in "Right-Sizing" the Finance Function (Jun 08, 2021 03:05 PM)
COVID-19 Accounting Challenges and Practical Solutions (Jun 07, 2021 01:55 PM)
Not-for-Profit Industry Developments (Jun 08, 2021 03:05 PM)
Gifts-in-Kind: Gearing Up for Greater Transparency (ASU 2020-07) (Jun 08, 2021 09:35 AM)
See No Evil, Hear No Evil, Speak No Evil - Professional Skepticism! (Jun 09, 2021 11:50 AM)
360 Degree View of Alternative Investments (Jun 09, 2021 02:40 PM)
Not-for-Profit Revenue Recognition - Lessons Learned (Jun 08, 2021 01:20 PM)
Compliance Auditing and COVID 19 - Lessons Learned (Jun 08, 2021 09:35 AM)
How Do I Record This? Practical Case Studies Recording Complicated Funding (Jun 07, 2021 03:40 PM)
Internal Controls: Ten things you should know about internal controls (Jun 08, 2021 01:20 PM)
Turning Disaster into an Opportunity (to Help) (Jun 09, 2021 11:50 AM)
Keeping Pace with the Industry 4.0 Revolution: Rethinking Assurance Service (Jun 07, 2021 03:40 PM)
Related Party Reporting: Examination of Schedule R and Schedule L (Jun 08, 2021 11:50 AM)
7 Months Later: Investing for Safety & Growth in the Post-Election Reality (Jun 07, 2021 12:25 PM)
What? My Bonds Are No Longer "Safe" ? (Jun 07, 2021 03:40 PM)
Smart Sampling in a Single Audit (Jun 08, 2021 01:20 PM)
Newsworthy Nonprofits (Jun 09, 2021 02:40 PM)
The Chief Financial Officer Is In: A Tax Perspective (Jun 08, 2021 03:05 PM)
Functional Expense Reporting for Nonprofits (Jun 09, 2021 01:20 PM)
DEI 101 - Diversity, Equity & Inclusion Basics (Jun 08, 2021 01:20 PM)
What if? Scenario Planning in an Age of Disruption (Jun 07, 2021 01:55 PM)
Common Financial Statement Errors (Jun 07, 2021 12:25 PM)
Going Concern Considerations - Auditee and Auditor Perspective (Jun 09, 2021 02:40 PM)
Chair Welcome and Introductions | Leading & Managing in an Era of Disruptive Demographics and "Certain-Uncertainty" (Jun 07, 2021 08:30 AM)
Putting People First – Evolving the Approach to Developing Finance Talent (Jun 09, 2021 01:20 PM)
How to Tell Your Financial Story (Jun 08, 2021 09:35 AM)
Single Audit Q&A (Jun 09, 2021 01:20 PM)
Single Audit Update (Jun 07, 2021 12:25 PM)
The Economics of Outsourcing Your Back Office (Sponsored by Marcum) (Jun 08, 2021 08:30 AM)
Driving Non-profit Financial Efficiency with Paperless Automation (Sponsored by Sage Intacct) (Jun 09, 2021 08:30 AM)
Strategy Meets Standards: Turning Accounting Standards into Innovation (Sponsored by CliftonLarsonAllen - CLA) (Jun 08, 2021 08:30 AM)
BACKFIRED: Fraud at the NRA and Other Recent Cases (Sponsored by Your Part-Time Controller, LLC - YPTC) (Jun 08, 2021 08:30 AM)
Be Aware – How to Prepare for and Avoid the Pitfalls of State Charitable Solicitation Regulation (Sponsored by Perlman Compliance Group) (Jun 08, 2021 08:30 AM)
Keep Calm and Assess Your Risk with ERM (Sponsored by GRF) (Jun 08, 2021 08:30 AM)
Internal Controls in a Remote Environment (Sponsored by Withum) (Jun 09, 2021 08:30 AM)
Elevating Your Story with Data and Metrics - Education Lab Session by Sage Intacct (No CPE) (Jun 07, 2021 11:25 AM)
IdentificationNOT21101DateJune 2, 2021This session will review the contribution revenue accounting standard for nonprofit organizations under topic 958-605, including the recent clarified guidance in ASU 2018-08. This will be a primer on contribution and grant accounting. We will also review how to effectively audit contribution transactions and discuss key audit procedures.Objectives
- Understand accounting for nonreciprocal transactions accounted for under topic 958-605
- Understand how to effectively audit contribution transaction and key audit procedures
Speakers
Kelly Rancourt, CPAPrincipal, Clark NuberHediyeh Sadeghein, CPAAudit Manager, Johnson Lambert$79Standard Price
IdentificationNOT21102DateJune 2, 2021These uncertain times have made financial forecasting harder than ever. This session will empower nonprofits to develop nimble budgets, plan for times of uncertainty and enhance communications to tell their story in the foggy future. Focusing on practical tools and techniques available to improve the budgeting and forecasting process, we will discuss how to involve a cross-functional team in the process, including programmatic and fundraising staff . This session will also touch upon predictive analytics, forecasting, modeling, and scenario planning that goes beyond historical information like basic "budget vs actuals".Objectives
- Identify an inclusive financial planning process during time of uncertainty.
- Select practical tools that fit your organizations needs for tracking and sharing financial information.
Speakers
Gina McDonald, CPAManaging Director, BDO FMALisa Stover, CPA, CGMA, CAEPrincipal, CLA$79Standard Price
IdentificationNOT21103DateJune 2, 2021In this session we will explore complex contribution accounting topics including Split Interest Agreements, Planned Giving, and Endowment. We will discuss the does and don't of the planned ask from donors and the impacts on the ultimate accounting.Objectives
- Identify complex contribution situations
- Account for complex contribution situations
Speakers
Cathy J. Clarke, CPAChief Quality Officer, CLAPartner, Crowe LLP$79Standard Price
IdentificationNOT21104DateJune 2, 2021
Mergers, acquisitions and more specifically, strategic partnerships are taking place in a challenging nonprofit landscape with increasing frequency. This is a result of myriad pressures facing nonprofits as a result of a pandemic that continues to impact the global economy. Such challenges leading to the need for partnerships include but not limited to liquidity and resource challenges, operational efficiency, sustainability and resiliency and ultimately achievement of mission and impact.
As we examine the options available to nonprofit organizations, there are three critical pillars of a successful strategic partnership to focus on: synergy, resources and culture. When considering a form of a strategic partnership, it is important that organizations evaluate and ask themselves the following:
- What synergies can we create with existing operations that would have the greatest impact?
- Would the partnership create the resources, infrastructure, experience, and capacity necessary to succeed?
- What important cultural and mission centric balance is needed in order to thrive?
Objectives
- Identify good practices for a successful merger, acquisition or strategic alignment.
- Determine the advantages and disadvantages of mergers and acquisitions.
- Assess the financial feasibility of a merger or acquisition.
Speakers
Adam B. Cole, CPA, CGMACo-leader, National managing partner, Nonprofit & Education Industry practice, BDO USA, LLPAudit DIrector, BDO USA, LLP$79Standard Price
IdentificationNOT21105DateJune 2, 2021This workshop is designed to identify and provide a in-depth understanding of the key changes made to GAS when implementing the 2018 Revision.Objectives
- Understand key changes made to the 2018 Revision of GAS.
- Analyze key changes in the performance of audit and attest engagement in accordance with the 2018 Revision of GAS.
Speakers
Brian A. Schebler, CPAManaging Director, RSM US LLPNational Co-Leader, BDO USA$79Standard Price
IdentificationNOT21106DateJune 2, 2021We will discuss key tax issues affecting nonprofits during their initial years of operations. We'll look at the tax exemption process for various types of entities (501(c)(3)s, small and large; 501(c)(4)s; and other nonprofits) and answer FAQs regarding the first years of operations (retroactive exemption, filing returns before determination letter, determination process, etc.). The workshop will also address organizations using IRS Forms 1023 and 1024 applications to receive exemption and organizations that self-declare.Objectives
- Understand the tax exemption process for various types of entities.
- Explore issues that arise with a nonprofit's first year of operation.
Speakers
Emily Chan, J.D.Of Counsel, Adler & ColvinShareholder, Maloney + Novotny LLC$79Standard Price
IdentificationNOT21107DateJune 2, 2021This fundamentals workshop provides a background on the audit standards and regulations used in a compliance audit and how those work together. Standards and regulations to be covered include AICPA audit standards, Government Auditing Standards and the Uniform Guidance. This workshop is intended to be an introductory course for those new to compliance audits.Objectives
- Understand the standards and regulations used in a compliance audit.
- Recognize how each standard is used in a compliance audit.
Speakers
Partner, Forvis MazarsStephen W. Blann, CPA, CGFM, CGMAOwner | Public Sector QC Director, Rehmann$79Standard Price
IdentificationNOT2101DateJune 7, 2021Disruptive demographics are dramatically transforming all of nation’s social, economic, and political institutions. At the same time, the COVID-19 pandemic and the nation-wide protests spawned by the recent spate of senseless killing of unarmed Blacks have illuminated what executive development professionals have been telling private and public sector leaders and /managers for quite some time. We are living in an era of increasing volatility, uncertainty, complexity, and ambiguity—a VUCA World. “Certain-uncertainty” is the new normal in today’s society and economy, which requires new leadership capabilities and managerial competencies to properly respond to our nation’s changing demographics and weather the current and future crises we almost sure to face. Join us for an illuminating discussion of the six disruptive demographic trends that will change America forever and the “new” leadership toolkit required to manage turbulence and uncertainty.Objectives
- Learn how our nation’s shifting demography will shape our future
- Hear and learn about the tools and skills will you need to weather the turbulence, an uncertainty we are almost sure to face in the future
Keynote
James H. Johnson Jr., Ph.DWilliam Rand Kenan, Jr. Distinguished Professor, UNC Kenan Flagler - Whole Community Health$49Standard Price
IdentificationNOT21NS01DateJune 7, 2021Join us as we look at 5 things you can do right now to ramp up faster and at what recent giving data tells us matters most - for growing your non-profit’s funding. How do you leverage your data and performance metrics to better tell your story? How do you build engagement with donors to prioritize your mission?
We’ll share some best practices, along with specific examples of how you can elevate your story to all generations of prospective donors to help strengthen sustainability for the long term.
No CPE offered.
Speaker
Director, Nonprofit Industry, Sage Intacct$49Standard Price
IdentificationNOT2104DateJune 7, 2021Learn how, with a little extra planning and preparation, you can avoid common errors that not-for-profits make in their financial statements. We will explore some of the most common, material errors encountered in not-for-profit financial statements and what you can do to avoid those common errors.Objectives
- Identify the most common errors found in not-for-profit financial statements
- Determine the impact errors could have on not-for-profit financial statements
Speakers
Ashley Whitaker, CPAAssociate Director - NFP, AICPASusan E. Budak, CPAConsultant and Author, Susan E. Budak, CPA$49Standard Price
IdentificationNOT2105DateJune 7, 2021The last year has been one of the more challenging ever for single audits due to the significant influx of federal funding resulting from the COVID-19 pandemic. There will be many of the same types of challenges to address in the coming year . This session will provide an overview of what is happening in the single audit arena. You will learn about:
COVID-19 funding nuances and related single audit implications;
Key information in the OMB Compliance Supplement;
The latest Uniform Guidance and single audit developments;
News from the Governmental Audit Quality Center; and
The single audit landscape looking forward.Objectives
- Learn about the impact of COVID-19 funding on single audits
- Learn about what the latest OMB Compliance Supplement includes
- Learn about the latest Uniform Guidance and other single audit developments.
Speakers
$49Standard Price
IdentificationNOT2106DateJune 7, 2021Tax-exempt organizations are generally aware that they may be subject to the unrelated business income tax (UBIT) on income derived from certain types of activities, despite being recognized by the IRS as organizations that are otherwise exempt from income tax under Section 501(c)(3) or under other provisions of U.S. Internal Revenue Code Section 501(c). Whether the UBIT applies in a particular instance or to a particular activity, however, may not always be clear.
In this session, we will cover the various elements that affect UBIT. This topic usually generates many questions and will assist attendees with identifying the following:
• Three factors when determining if an unrelated trade or business
• Exclusions from unrelated trade or business income
• Common unrelated trade or business activities
• Expenses
• Form 990-TObjectives
- Understand the various elements that impact UBIT
- Identify the three factors to use when determining an unrelated trade or business, exclusions from UBTI, and common unrelated trade or business activities
Speakers
Partner, Director Non-Profit Tax, GRF CPAs & AdvisorsJohn Crawford, CPA, JDPartner, Ernst & Young LLP$49Standard Price
IdentificationNOT2108DateJune 7, 2021With a completely new political climate comes uncertainties and opportunities that manifest themselves in a variety of spheres of life. Wall Street and Main Street are two prominent places to witness this impact. Will Wall Street continue its defiance and the raging bull will keep fighting? Will Main Street see the economic certainty that has been snatched away from so many due to the devastating impact of COVID-19? What was considered safe before may no longer offer that security as economic policies clash with the political realities. Learn how to navigate this tricky environment, the right questions to ask, and how to equip your investment committee for prudent monitoring of the organization's portfolio.Objectives
- Understand how the political climate may impact economic realities
- Determine how to navigate a zero-interest rate environment for growth and safety of investments
Speakers
Arun Sardana, CIMA, MBAManaging Director - Investments, Senior Institutional Consultant, SPG Fiduciary Partners of Raymond JamesVIce President - Wealth Management, Institutional Consultant, SPG Fiduciary Partners of Raymond James$49Standard Price
IdentificationNOT2109DateJune 7, 2021This session will address the common accounting and financial issues arising from COVID-19, such as PPP loans, payroll credits and deferrals, lease concessions and modifications, donors' changing restrictions on donations, going concern analysis, internal control considerations in a virtual environment, and other accounting topics that could result from the pandemic.Objectives
- Understand key accounting areas that could be impacted by the COVID epidemic.
- Understand FASB's GAAP relief and other FASB Q&As offered for COVID
Speakers
Partner / Nonprofit and Education, Forvis MazarsNicholas C. Rivera, CPA, FHFMA, CHFPSenior Manager, FORVIS$49Standard Price
IdentificationNOT2110DateJune 7, 2021"By failing to prepare, you are preparing to fail." ~ Benjamin Franklin
Planning a Single Audit engagement is not an easy task. Navigating several risk assessments to evaluating the composition of federal awards to selecting major programs to selecting the proper compliance requirements for testing can be lead to many missteps if not performed with knowledge and discipline. This session will utilize a case study approach to planning a typical not-for-profit entity Single Audit highlighting best practices as well as common pitfalls to avoid.Objectives
- Understand the steps to planning an effective Single Audit engagement
- Analyze best practices (pro tips) in how to document their Single Audit engagement plan and avoid common deviations
Speakers
Partner, RSM US LLPNational Co-Leader, BDO USA$49Standard Price
