Nonprofit A&A Series Part 1: Financial Statement Presentation & Disclosure2024

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  • Date/Time
    • Dec 5, 2024
    • Sign In: 9:30am (MT)
    • Program: 10:00am - 12:00pm (MT)
    • Add to Calendar
  • Location
    • Your Computer
      Your Space
      ISCPA / CalCPE Webinar, ID 00000
  • Credits
    • 2.00
  • Credit Type(s)
    • Accounting (2.00)
  • Prerequisites
    • Familiarity with accounting requirements for nonprofits and generally accepted auditing standards (GAAP).

  • Vendor
    • California CPA Education Foundation
  • Level
    • Basic
  • Fields of Study
    • Accounting

Description

Part 1 of a 2-part series is an overview of GAAP requirements for nonprofit organizations and will help you become proficient in nonprofit financial reporting. This webcast focuses on presentation and disclosure unique to nonprofit organizations. Be sure to register for the next in the series: Nonprofit A&A Series Part 2: Revenue Recognition.

  • Presenters - B. Renee Ordeneaux
  • Designed For

    Designed For: CPAs, auditors, accountants and financial professionals working in nonprofit organizations.
  • Role Level - Manager/Senior Manager; Director; Executive/VP; Sole Practitioner
  • Objectives

    • Learn about unique rules related to nonprofit organizations regarding revenue, investments, endowments and split-interest arrangements
    • Learn about different presentation options for the key statements, board-designated reserves, restrictions on net assets, and liquidity disclosures
    • Identify areas in which disclosure may not be adequate, particularly given the new audit standard on disclosure
    • Learn about some unique reporting or disclosure options, particularly around non-operating activities

    Highlights

    • Overview of required financial statements
    • Unique considerations in the nonprofit environment
    • Presentation options for reserves, restrictions, functional expenses and liquidity.
    • Common pitfalls and little-known alternatives
    • Recognize financial statement presentation requirements for nonprofits

    Advanced Prep

    None

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    Leaders

    CALCPE Panel

    No Biography Available

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