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Not-for-Profit Accounting Conference (Live Streaming Webcast)

8:00 am–4:55 pm ET

# of CPE Credits

8

Description

This event is co-sponsored by the North Carolina Center for Nonprofits. 

 
Don’t miss the only state-wide conference focused specifically on addressing the unique needs of the nonprofit sector. This conference will discuss current trends, changes, and tools nonprofit accounting professionals need to best serve their organizations.
 

For more information on the pre and post workshops click below:

Pre-Tax Workshop: WKNFP122

Click here to register 

May 23, 2022- 8:30 am-4:15 pm
Panic Potpourri for Exempt Org Tax Advisors and Auditors
Speaker: Eve Borenstein


Post Audit Workshop: WKNFP222
Click here to register

May 25, 2022- 8:30 am-4:15 pm
Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit
Speaker: Marci Thomas

Both workshops require separate registration.
 

Objective

CPAs and others who serve not-for-profits will discuss current trends affecting not-for-profits, tools for solving problems, and resources to prepare professionals for the future of the not-for-profit sector

Highlights

Audit and Accounting

Who Should Attend

CPAs who work with nonprofit organizations, financial officers, board members, and staff of nonprofit organizations responsible for financial management and oversight

Required Knowledge

None

Advanced Prep

None

Event Speaker(s)

Mr. Aleksander Joseph Bevensee ( Elliott Davis, Charlotte, NC ), Mr. Brandon Adam Tutty, CPA ( CliftonLarsonAllen LLP, Raleigh, NC ), Justin Greene, CPA ( Engiven, Inc., Escondido, CA ), Vonna Laue, CPA ( NCACPA, Morrisville, NC ), Jeanette Bax-Kurtz, III, CPA ( NCACPA, ), Ms. Gracie Johnson-Lopez ( Diversity & HR Solutions, Raleigh, NC ), Ms. Marci S. Thomas, CPA, MHA ( Kaplan Inc., Tampa, FL ), Mr. David Heinen, JD ( NC Center for Nonprofits, Raleigh, NC ), Ms. Kristen Thoresen Hoyle, CPA ( Thomas Judy & Tucker, PA, Durham, NC ), Mr. Kevin Anthony Leder, CPA ( CliftonLarsonAllen LLP, Raleigh, NC ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected].

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via phone or email 30 minutes prior to the start of a live online program.


Sessions

Tuesday, May 24, 2022 (8:05 am–9:05 am ET)

General #1: Nonprofit Sector Trends, Laws, and Future
Mr. David Heinen, JD ( NC Center for Nonprofits, Raleigh, NC ),

This session will include:

• An overview of trends in the nonprofit sector on the heels of two years of the COVID-19 pandemic.
• Highlights of recent state and federal laws affecting nonprofits.
• Updates on legislative developments that could impact nonprofits’ operations.
• Predictions for challenges and opportunities facing North Carolina nonprofits in the second half of 2022 and beyond.

Field of Study: Specialized Knowledge

Tuesday, May 24, 2022 (9:20 am–10:35 am ET)

1A: A&A Update
Jeanette Bax-Kurtz, III, CPA ( NCACPA, ),

Jeanette will review the latest accounting and auditing developments impacting those who prepare or audit NFP financial statements.

Session highlights will include:
• New SAS Suite: Includes New Auditors’ Report and Materiality
• FASB Accounting Standards Update (ASU) No. 2020-07 Presentation: Disclosures for In-Kind (Non-Cash) Transactions
• October 2021 issued SAS 145 : Understanding the Entity and Environment, Assessing the Risks of Material Misstatement

Field of Study: Auditing

Tuesday, May 24, 2022 (9:20 am–10:35 am ET)

1B: Church Accounting Through a 2-Way Mirror
Justin Greene, CPA ( Engiven, Inc., Escondido, CA ), Vonna Laue, CPA ( NCACPA, Morrisville, NC ),

Sometimes churches don’t ask for help as soon as they should or may not even realize they need help. There are some uniqueness’s to church accounting that even professionals that have served other industries will encounter when they offer their assistance. We’ll look at these differences, common mistakes, and how to help churches succeed in their accounting practices during this session. The presenters offer both an inside perspective and a professional external view on this topic.

Session outcomes to include:
• Identify specific accounting topics that are unique in the nonprofit or church niche.
• Understand where some churches struggle in their accounting systems and policies and
learn how to avoid those in your church or with your clients.
• Gain access to some tips that will help produce better financial awareness and reporting
within the leadership and boards of a church.

Field of Study: Accounting

Tuesday, May 24, 2022 (10:45 am–11:45 am ET)

2A: Topic 606: Rev Rec Deep Dive
Jeanette Bax-Kurtz, III, CPA ( NCACPA, ),

Session highlights will include:
•Exchange Transactions vs Contributions: To include ASU 2018-08 & Clarifying scope and Accounting Guidance for Contributions (received and made)
•Grant Revenue Recognition Illustration
•Disclosure Examples

Field of Study: Auditing

Tuesday, May 24, 2022 (10:45 am–11:45 am ET)

2B: Endowment Accounting
Mr. Kevin Anthony Leder, CPA ( CliftonLarsonAllen LLP, Raleigh, NC ), Mr. Brandon Adam Tutty, CPA ( CliftonLarsonAllen LLP, Raleigh, NC ),

Who doesn’t love a good gift, right? Endowments can be a great way to enhance an organization’s financial stability, create an ongoing source of income and provide an avenue for future gifts. But they don’t come without their challenges. This session will cover best practices in endowment accounting and donor reporting, and will also touch on the laws governing endowments in North Carolina. This session will also cover common audit issues noted when it comes to endowment funds and will walk through a few examples that might apply to your organization

Field of Study: Accounting

Tuesday, May 24, 2022 (12:45 pm–2:00 pm ET)

3A: Audit Meets Automation
Mr. Aleksander Joseph Bevensee ( Elliott Davis, Charlotte, NC ),

Session highlights include:
• AI Tools Entering the Audit Industry
• What are the types, costs, and benefits?
• Embedded Audit Modules (Continuous Audit)
• Review feasibility, abilities, and limitations
• Financial vs. Non-financial Analytics
• Analysis of Ratios
• Identifying Key Metrics
• Vitals Signs of Organizations
• Common Errors when performing analytics
• Current Impacts of New Technology
• Visions of the Future

Field of Study: Auditing

Tuesday, May 24, 2022 (12:45 pm–2:00 pm ET)

3B: New Standards and Leases
Jeanette Bax-Kurtz, III, CPA ( NCACPA, ),

Some of the session topics:
• Transition from the Old Standard to New Standard
• Educate Clients and Users of the Financial Statements
• Reviewing Debt Covenants

Field of Study: Accounting

Tuesday, May 24, 2022 (2:10 pm–3:25 pm ET)

4A: Single Audit Update
Ms. Marci S. Thomas, CPA, MHA ( Kaplan Inc., Tampa, FL ),

With 2021 Compliance Supplement addendums issued and the 2022 Compliance supplement promised early, new programs, and requirements that seem to keep changing that affect both nor for profits and for profits as well, auditors and their clients are asking- Will this changes ever end? Although there are no guarantees about what will happen tomorrow, this session will provide you with the most up to date information available on the Single Audit. You won’t want to miss it.

Field of Study: Auditing

Tuesday, May 24, 2022 (2:10 pm–3:25 pm ET)

4B: Grant Evaluation Under ASU 2018-08
Ms. Kristen Thoresen Hoyle, CPA ( Thomas Judy & Tucker, PA, Durham, NC ),

Some of the key session highlights will include:
*Review of definitions
*Technical Presentations
*What are some pitfalls and problems?
*How do readers interpret them?

Field of Study: Accounting

Tuesday, May 24, 2022 (3:45 pm–4:45 pm ET)

General #2: Linking Culture to Employee Retention
Ms. Gracie Johnson-Lopez ( Diversity & HR Solutions, Raleigh, NC ),

Toxic culture is the biggest factor pushing employees out the door during the Great Resignation. Organizations with a reputation for a healthy culture, experienced lower-than-average turnover during the first six months of the Great Resignation. The leading elements contributing to toxic cultures include failure to promote diversity, equity, and inclusion; workers feeling disrespected; and unethical behavior.
Other top predictors of attrition during the great resignation include:
* Job insecurity and reorganization
* High levels of innovation
* Failure to realize employee performance
* Poor response to Covid-19
During the session, we will cover four short-term steps for organizations to increase retention. Leaders who are serious about winning the war for talent during the Great Resignation and beyond must root out issues that contribute to a toxic culture.

Field of Study: Social Environment of Business


Share This Event

Event Vendor:NCACPA
Field of Study:Accounting, Auditing, Social Environment of Business, Specialized Knowledge
Level: Update
Other:New Course

Event Type:Conference
NASBA Instructional Method:Group Live
Event Code:WCNNFP22

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$285.00
Non-MemberN/A$385.00
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.