Not-for-Profit Organizations: Accounting Principles and Risk Management Webcast | 4202690G STARTS AT 6:30 AM PDT

Instructors

Date :
January 13, 2021 6:30 AM - 2:00 PM
Location :
Webcast
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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Not-for-profit organizations are one of the fastest-growing sectors of our economy, making it increasingly important that auditors, attorneys, CFOs and other advisers understand the unique accounting principles and challenges that apply.

Examine the core principles and practices of not-for-profit accounting; review the general characteristics and operational environment of not-for-profit organizations; and discuss how to apply generally accepted standards and principles. Also, learn risk management best practices and common accounting errors.

Formerly titled: Not-for-Profit Organizations: Accounting and Auditing Principles and Applications

 

 

Objectives:

 
  • Identify accounting and reporting differences between for-profit and not-for-profit organizations.
  • Determine fundamental accounting rules of not-for-profits.
  • Recognize allocation methodologies and how they impact financial statements and external oversight.
  • Identify hidden risk areas for not-for-profits to enhance audit procedures.
 

Major Subjects:

 
  • Not-for-profit GAAP
  • Expense allocation methodologies
  • Risk management
  • Accounting errors
 

Advanced Prep:

 

None.

 

Misc. Information:

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Level of Difficulty:
Intermediate
Field of Interest:
Auditing
Prerequisites:
 

Understanding of intermediate accounting theory and practice; experience with and knowledge about the financial operations of a nonprofit organization.

 
Designed For:
 

CPAs, CFOs, attorneys, bankers, board members and consultants.

 

Instructors

Anne Freiermuth, CPA
Anne Freiermuth, CPA is a principal at Mission Math and has 14 years of experience working with nonprofit organizations in the areas of accounting, audit preparation, human resource management, board presentations, and governance policy development, working with over 40 nonprofit organizations. After graduating with a bachelor’s degree in economics from Vassar College in New York, Freiermuth returned to Los Angeles, where she grew up. She soon began bookkeeping for a tiny nonprofit with a staff office located in the room behind the garage of the board chairman’s home. It was love. Freiermuth pursued her interest in accounting by taking coursework at UCLA Extension while working full time and received her certificate in accounting in 2009. She then became a California-licensed CPA in 2011. Freiermuth has taught nonprofit accounting for UCLA Extension, CalCPA, American Jewish University, and Riordan Leadership Institute. She also proudly serves on the board of directors of Los Angeles Conservation Corps and the advisory board of the Providence Saint John’s Child and Family Development Center’s Helen Reid Parenting Program.

Materials:

  • Materials - ebook