Nonprofit Accounting And Auditing Update Webcast | 4203870E

Date :
December 2, 2020 8:30 AM - 4:00 PM
Location :
Virtual Learning+
Facility :
Webcast Rebroadcast
Level of Difficulty :
Intermediate
Member Price :
289.00
Nonmember Price :
389.00
CPE Credits :
CPE 8.00, AA 8.00
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Stay current in the nonprofit world with this comprehensive discussion of recent changes and requirements for nonprofit accounting and auditing. Big changes are coming this year and the following years with revenue recognition and the new leasing standard.

Discuss common errors in nonprofit financial statements and audit issues unique to nonprofits, as well as the recently issued financial reporting changes to nonprofits.

Objectives:

  • Identify requirements for nonprofits under ASU 2016-14.
  • Recognize financial statement presentation requirements for nonprofits.
  • Learn about the new grant accounting guidance in ASU 2018-08.
  • Plan for changes required by the new revenue recognition and lease accounting standards.
  • Consider methodologies for cost allocation for the functional presentation and grant accounting needs.
  • Identify accounting challenges for nonprofits.
  • Identify audit issues unique to nonprofits.

Major Subjects:

  • Recent changes to financial statement presentation for nonprofit organizations
  • Recent changes in accounting standards: Accounting for contracts and grants, revenue recognition and lease accounting
  • Disclosures
  • Audit issues

Advanced Prep:

None.

Misc. Information:

N/A
Level of Difficulty:
Intermediate
Field of Interest:
Auditing
Prerequisites:

Familiarity with accounting requirements for nonprofit and generally accepted auditing standards.

Designed For:

CPAs, auditors, accountants and financial professionals.

Instructors

B Renee Ordeneaux, CPA
Renee Ordeneaux has more than 25 years of experience in public accounting and in industry, including various management roles within several nonprofit organizations, from membership director to CFO. She is a partner at Armanino LLP, the largest accounting firm based in California, where she provides audit and tax services to a broad range of nonprofit groups, including social services organizations, health clinics, religious congregations, mentoring programs and foundations. Prior to RBZ’s merger with Armanino, she led RBZ’s audit practice. She serves on the Armanino quality control committee and nonprofit practice group. Ordeneaux volunteers her time with various nonprofit organizations, and is treasurer of the Theodore Payne Foundation, an organization promoting the use of California’s native plants in landscapes, and the board chair of Upward Bound House, which provides supportive housing services to homeless families. She is a former board president and treasurer of the Los Angeles Junior Chamber of Commerce. She is a frequent speaker on nonprofit accounting and finance issues, and taught nonprofit accounting in the UCLA Extension accounting program for five years. Ordeneaux has a bachelor’s degree in English literature from the University of Texas, Austin, and a master of business administration from the Anderson School of Management at the University of California, Los Angeles (UCLA). She is a member of the AICPA and CalCPA.

Materials:

  • Materials - ebook