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Friday, October 28, 2016 Live

Focus on the Mission: Not-for-Profit Accounting and Reporting Today and Tomorrow (E1610111)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

APA Hotel Woodbridge

120 Wood Avenue South
Iselin , NJ 08830

8 CPE Credits in AA

OVERVIEW

All not-for-profits have a mission which defines their purpose and drives their operations. A not-for-profit’s financial statements tells the financial statement user how successful the entity has been in meeting its mission in the past and also provides an indication of the not-for-profit’s ability to achieve its mission in the future. This seminar will help you to master the key accounting and reporting rules that not-for-profits use to tell their story of mission achievement today.

DESIGNED FOR

Not-for-profit industry professionals and auditors.

BENEFITS

  • Distinguishing contributions from exchange transactions
  • Distinguishing between conditional and unconditional promises to give – discerning conditions from restrictions
  • Other issues related to contributions (e.g., valuation, reclassifications, disclosures)
  • Contributed services, collection items and other unique items
  • The accounting and reporting options related to special events
  • Key issues related to the functional classification of expenses
  • The reporting of fundraising activities
  • The financial statements that not-for-profits prepare today (i.e., what’s required, what’s optional, and what are the best practices for communicating mission achievement)
  • How a not-for-profits financial statements will be different in the future due to the FASB’s Financial Statements of Not-for-Profit Entities project
  • Selected audit issues

HIGHLIGHTS

  • Identify what distinguishes not-for-profit accounting and reporting from commercial sector accounting and reporting
  • Skillfully apply today’s unique not-for-profit financial reporting requirements while also preparing for tomorrow’s requirements
  • More effectively audit not-for-profit entities through superior knowledge of accounting and reporting requirements

COURSE LEVEL

Intermediate

PREREQUISITES

Some introductory background in not-for-profit accounting and reporting.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • Qualifies for Yellow Book.

INSTRUCTOR

Charles Borek

Charles A. Borek, CPA, J.D., M.B.A.

Surgent Professional Education

Charles A. (“Chuck”) Borek, CPA, J.D., M.B.A., Chuck Borek is the founder of the Borek Group, LLC, a professional education and consulting firm located in Columbia, Maryland, where he serves as CEO and chief counsel. In addition to his professional education and consulting activities, he continues to practice tax and business law as Of Counsel to the law firm of Davis, Agnor, Rapaport, & Skalny, LLC and regularly appears before the IRS and in U.S. Tax Court. He is an attorney, CPA, author, and frequent lecturer on a variety of topics associated with law, accounting, and taxation. Borek served as editor-in-chief of law review and was awarded the 1993 Law Faculty Award for outstanding scholarship, leadership, and service at the University of Baltimore. After practicing law for several years in Baltimore, he was appointed associate professor of accounting and business law at Prince George’s Community College and later served as a visiting assistant professor of law at the University of Baltimore School of Law and, following the conclusion of his visitorship, he practiced public accounting as a principal in a Washington D.C.-area CPA firm for five years. In 2015 and 2016, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. He currently holds an appointment as adjunct professor of law at American University’s Washington College of Law. Borek received his joint law degree and MBA summa cum laude from the University of Baltimore School of Law and Merrick School of Business.

PRICING

$399.00 - Nonmember

$299.00 - Member

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

Surgent

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