Loading...

Not for Profit Accounting Conference

Grandover Resort & Spa, a Wyndham Grand Hotel

1000 Club Rd
Greensboro , North Carolina 27407

# of CPE Credits

8

Description

Are you ready to elevate your nonprofit organization or practice to new heights? Join us for the 2025 NFP Conference, where staff, leaders, board members, and CPAs serving nonprofit clients come together. Share insights, strategies, and innovations that drive success in the nonprofit sector. This year’s conference has a new design with two clear tracks. One track will provide a workshop style of learning to the foundations of accounting and auditing principles. Each session will dive into topics like Yellow Book, endowments, and financial statements with our industry experts. Our second track features panels and presentations on governance and financial management, showcasing innovative solutions with cutting-edge technologies and methodologies for decision makers. Enhance your skills and bring back actionable ideas to your organization. 

Highlights: *Champion Mindset from an Olympian *CFOs Playbook to Leading Digital Transformation  *AI Driven Finance   *Federal  Tax Update  *Accounting vs Finance Roles   * Auditing with AI  * Navigating the Next Economic Storm
Who Should Attend: CPAs,accountants, consultants, tax advisers, auditors and other financial managers with not-for-profit clients.
NFP financial executives, including CFOs, CEOs/executive directors, controllers, directors of finance and board trustees
Fiscal managers and staff at not-for-profits.
Event Level: Update
Required Knowledge: None
Advanced Preperation: None
Field of Study: Various
CPE: 8.00

Details

Check in for all in-person events begins one hour prior to event start time. Also, be sure to allow enough time for traffic, parking, and check-in. If you should arrive late or depart early, you must adjust your CPE credit accordingly.

Grandover Resort & Conference Center
1000 Club Rd, Greensboro, NC 27407
336-294-1800

Discounted Reservation Cut-off Date: May 12, 2025
Room Rate: $229+/night
Make your reservation here.

Grandover Onsite Information
Registration/Hot Breakfast: 7:00–8:00 am. Sessions begin at 8:00 am.

Download Your Materials Before You Arrive Onsite!
Conference materials will be available on event Attendee Resource Pages prior to the event. We recommend that you download or print your materials before you arrive; printed materials will not be available on site.

Objective

Participants at the Not-for-Profit Conference will hear from peer experts on topics in auditing and accounting, tax revisions and much more. Learn from our NC field of experts and recognized thought leaders in the NFP community.

Credit Types

  • Various: 8

Event Speaker(s)

David Heinen , Jordan Miller , Slater Solomon , Rhonda Devan , Jeffrey Mechanick , Alex Romero , Mig Murphy Sistrom , Laura Kenney , Tina Henton , Amelia Crawford , Paula Heller , Linda Widdop , Ryan Harrington , Jaclyn Veno , Kurt Kennell

Conference Kick Off with David Heinen
David Heinen

**This session does not qualify for CPE**

 

We welcome you to the NFP Conference and have invited David Heinen to kick off our morning with a super charged 20-minute update on legislative actions impacting our Not for Profit communities.

 

Course Credits: ncacpa_coursecredits not found

1A: Navigating the Federal Funding Uncertainty
David Heinen , Jordan Miller

The nonprofit revenue landscape has had its share of tumult the past five years; though most organizations came out of the Pandemic with increased support and stronger balance sheets than ever before.  While many organizations were planning for a “fiscal cliff” in 2025, as individual donor trends flattened, philanthropy continued to shift priorities, and pandemic-related government sources dried up; the cliff has come faster and looked different than many expected.  During this session hear updates on the current status of government funding most impactful to nonprofits, impacts these changes and uncertainty are having on other funding sources (philanthropic, individual, etc), and discuss what your organization might do to successfully navigate this new landscape.

Fields of Study: Business Management & Organization

Course Credits: 2

  • Business Management & Organization: 2
1B: Common Error and Problems in NFP Financial Statements
Slater Solomon

This session is designed to equip you with the knowledge and tools needed to ensure the accuracy and reliability of your nonprofit’s financial statements. Whether you are a seasoned finance professional or new to nonprofit accounting, you will leave with valuable insights to enhance your organization’s financial practices.

 

Whether you are a seasoned finance professional or new to nonprofit accounting, you will leave with valuable insights to enhance your organization’s financial practices.

Fields of Study: Accounting

Course Credits: 2

  • Accounting: 2
1C: NFP Accounting Basics: Introduction to Financial Statements, Contributions, Net Assets, Agency Transactions
Jaclyn Veno

In-Person Only

 

This course qualifies for Yellow Book (Government Auditing Standards) CPE credit.

Not-for-profit organizations encounter distinct accounting complexities. This session provides an introduction to the financial statements and specialized accounting principles relevant to nonprofits. We’ll cover the composition of the financial statements and also take a deep dive into the unique accounting for contributions, net assets and agency transaction. We’ll use examples to apply what we learn through the session.

 

Learning Objectives:
• Identify the basic financial statements of nonprofit organizations
• Describe the accounting for contributions
• Recognize net asset classifications for nonprofit organizations
• Analyze a transaction to determine if its a contribution or exchange transaction

Fields of Study: Accounting

Course Credits: 2

  • Accounting: 2
2A: Asses the Internal Strength of Your Nonprofit Finance Team
Rhonda Devan , Kurt Kennell

This session aims to help nonprofit leaders evaluate the internal strengths of their financial departments. By using the assessment results, leaders will be guided in developing a strategic action plan. Additionally, the session will explore various strategies, including outsourcing, to build a high-functioning team.

Fields of Study: Business Management & Organization

Course Credits: 2

  • Business Management & Organization: 2
2B: 2B: (2B.1)FASB Updates and (2B.2): Key Updates in YB & Uniform Guidance: A High-Level Snapshot
Jeffrey Mechanick , Alex Romero

2B.1 FASB Updates (Jeff Mechanick)

10:20 AM-11:35 AM

In this session, the FASB’s lead staff member for the not-for-profit (NFP) sector will guide us through the latest developments in GAAP that are noteworthy for NFPs. We’ll discuss new and recent Accounting Standards Updates (ASUs); key implementation matters on recent standards; and select projects in the FASB’s pipeline.  We’ll focus especially on the following:  the FASB’s current agenda and its public agenda consultation; recent and pending ASUs (e.g., Applying CECL to Short-Term Receivables) and ASUs now effective (e.g., Common Control Leasing Arrangements, Crypto Assets); and various current technical agenda and research projects (e.g., Software Development Costs, Intangible Assets). We’ll leave time for Q&A, so please be sure to bring your questions!

Learning Objectives:
•    Describe the key provisions of recent and pending ASUs such as those on Applying CECL to Short-Term Receivables, Common Control Leasing Arrangement, and Crypto Assets, and their applicability to your organization or clients
•    Identify and describe, in general terms, those projects on the FASB’s current agenda that could affect GAAP financial reporting by your organization or your clients
•    Describe the purpose and process of the FASB’s current public agenda consultation and how stakeholders can weigh in.

 

2B.2: Key Updates in YB & Uniform Guidance: A High-Level Snapshot (Alex Romero)

11:35 AM-12:00 noon

This micro-session will cover the changes you need to know about the 2024 Yellow Book and the 2024 Uniform Guidance which will be impacting engagements this year.

Fields of Study: Accounting, Auditing

Course Credits: 2

  • Auditing: 0.5
  • Accounting: 1.5
2C: NFP Accounting Basics: Net Assets, Agency Transaction, Endowment, Programmatic Investment
Jaclyn Veno

In-Person Only

 

This course qualifies for Yellow Book (Government Auditing Standards) CPE credit.

Not-for-profit organizations encounter distinct accounting complexities. This session provides an introduction to the financial statements and specialized accounting principles relevant to nonprofits. We’ll cover the composition of the financial statements and also take a deep dive into the unique accounting for contributions, net assets and agency transaction. We’ll use examples to apply what we learn through the session.

Learning Objectives:
•    Identify the basic financial statements of nonprofit organizations
•    Describe the accounting for contributions
•    Recognize net asset classifications for nonprofit organizations
•    Analyze a transaction to determine if its a contribution or exchange transaction

Fields of Study: Accounting

Course Credits: 2

  • Accounting: 2
3A: All About Expenses: Functional Expenses and Beyond
Mig Murphy Sistrom

All nonprofits have to track expenses by “function” for external reporting. As an internal accountant for your nonprofit, you might wonder: What does it mean to track expenses by function? Why should we do it? What line items should we track? How can we know what portion of each expense relates to each function? What about indirect costs? How should we document cost allocations? How can functional expenses information help us make management decisions?

 

This session will answer these questions and more. Learn tips on tracking expenses by function, some nuances of preparing the Statement of Functional Expenses, what auditors are looking for, and how you can use functional expense reports as a management tool. We’ll address principles of cost allocation as well as practical applications.

We’ll also address the unique treatment of certain types of expenses, like special events, volunteer management, and more. 
 

This session will help you understand the concepts of cost allocation and expense reporting, as well as provide practical guidance for operationalizing the concepts.

Fields of Study: Accounting

Course Credits: 2

  • Accounting: 2
3B: Tax Lightning Round
Laura Kenney , Tina Henton

Get ready for an engaging and interactive session where we dive into the hottest tax topics impacting not-for-profit organizations in 2025! Our dynamic duo of presenters will guide you through the latest changes and updates making sure you leave with practical insights and time for your questions to be answered.

Fields of Study: Taxes

Course Credits: 2

  • Taxes: 2
3C: NFP Auditing Basics: Introduction to Yellow Book

In-Person Only

 

This course qualifies for Yellow Book (Government Auditing Standards) CPE credit.

Performing engagements in accordance with Generally Accepted Government Auditing Standards (GAGAS), commonly referred to as the “Yellow Book,” involves additional reporting, ethics, and performance requirements that go beyond those outlined in AICPA Generally Accepted Auditing Standards (GAAS). This course provides an overview of the guidance found in the Yellow Book and explores its relationship with the AICPA Code of Professional Conduct.
Participants will gain an understanding of the unique CPE requirements for GAGAS engagements and review the Yellow Book standards for financial statement audits, with a focus on ethical principles and independence. This course is designed to equip professionals with the foundational knowledge needed to navigate the complexities of Yellow Book engagements effectively.

Learning Objectives:
•    Recognize the unique auditing requirements in the Yellow Book
•    Describe the independence requirements for Yellow Book engagements
•    Identify the CPE requirements for Yellow Book engagements
•    Recall the reporting requirements of Yellow Book

Fields of Study: Auditing (Governmental)

Course Credits: 2

  • Auditing (Governmental): 2
4A: Grant Financial Management: From Beginning to End
Amelia Crawford , Paula Heller

The phrase “It’s not how you start but how you finish” means that what truly matters in achieving success is not how well you begin something, but how you persevere and perform through to the end. But when it comes to grant financial management, this age-old adage is not true! From beginning to end, grant awards require careful attention to financial policies, procedures, and processes and now more than ever, budgets and expenses need to be tied to programmatic outcomes to show a return on investment for funders. Join this session to learn how to set your organization up for success from pre-award to closeout as you build your grant portfolio.

Fields of Study: Auditing

Course Credits: 2

  • Auditing: 2
4B: Preparing for AI: Key Considerations for Nonprofits
Linda Widdop , Ryan Harrington

This session will equip you with practical strategies to enhance your nonprofit’s work using AI.You will explore how to craft clear, concise, and specific prompts that yield accurate and actionable insights. Whether you’re looking to find answers, generate ideas, or solve challenges, this session will equip you with practical strategies to enhance your nonprofit’s work using AI.

Fields of Study: Computer Software & Applications

Course Credits: 2

  • Computer Software & Applications: 2
4C: NFP Auditing Basics: Introduction to Single Audit
Alex Romero

In-Person Only

 

This course qualifies for Yellow Book (Government Auditing Standards) CPE credit.

Single Audits are a critical area of focus under the AICPA’s Enhancing Audit Quality Initiative, requiring a thorough understanding of the Uniform Guidance’s unique audit requirements for federal funds. This course examines the distinctive performance and reporting standards in Single Audits, equipping participants with foundational knowledge to navigate these complex audits effectively.
Key topics include an overview of internal controls over compliance, understanding compliance requirements, using the Compliance Supplement, and identifying the elements of a finding in a Single Audit. This course is ideal for professionals seeking a clear and practical introduction to the essentials of Single Audits.

Learning Objectives:
•    Identify the unique auditing requirements in the Uniform Guidance
•    Recognize the difference between ICF and ICOC
•    Describe the compliance requirements in a Single AUdit
•    Determine when a single audit is required

Fields of Study: Auditing (Governmental)

Course Credits: 2

  • Auditing (Governmental): 2
Event Level:Update
Event Code:CONNFP25
Event Vendor:NCACPA
Fields of Study:Accounting, Auditing, Auditing (Governmental), Business Management & Organization, Computer Software & Applications, Taxes, Various
Other fields:

    Registration Fees

    RegistrationTypePrice
    CONNFP25 Registration (Early Bird) - Cutoff: 5/18/25Members$375.00
    CONNFP25 Registration (Early Bird) - Cutoff: 5/18/25Other State Society$375.00
    CONNFP25 Registration (Early Bird) - Cutoff: 5/18/25NC Center for Non Profits$375.00
    CONNFP25 Registration (Early Bird) - Cutoff: 5/18/25Non Members$575.00


    Registration Fees

    RegistrationTypePrice
    CONNFP25 Registration (Early Bird) - Cutoff: 5/18/25Members$375.00
    CONNFP25 Registration (Early Bird) - Cutoff: 5/18/25NC Center for Non Profits$375.00
    CONNFP25 Registration (Early Bird) - Cutoff: 5/18/25Other State Society$375.00
    CONNFP25 Registration (Early Bird) - Cutoff: 5/18/25Non Members$575.00
    CONNFP25 RegistrationMembers$425.00
    CONNFP25 RegistrationOther State Society$425.00
    CONNFP25 RegistrationNon Members$625.00
    CONNFP25: Welcome ReceptionMembers$0.00
    CONNFP25: Welcome ReceptionOther State Society$0.00
    CONNFP25: Welcome ReceptionNon Members$0.00


    CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

    For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.