Not-for-Profit Organizations: Accounting Principles and Risk Management 2024
Webcast Only
8.00 Credits
Member Price $349.00
Non-Member Price $459.00
Overview
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.
Highlights
- Not-for-profit GAAP
- Expense allocation methodologies
- Risk management
- Accounting errors
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.
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
Preparation
None
Leader(s):
Leader Bios
Anne Freiermuth, CalCPA Education Foundation
Anne Freiermuth 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, Freiermuth returned to her hometown of Los Angeles. She soon began bookkeeping for a small nonprofit with a tiny office located in the board chairman’s home and found her love for accounting. She pursued her interest by taking coursework at UCLA Extension while working full-time at nonprofits and received her certificate in accounting in 2009. She then became a California-licensed Certified Public Accountant in 2011. Freiermuth also proudly serves on the board of directors for Los Angeles Conservation Corps and on the advisory board of the Child & Family Development Center Helen Reid Parenting Program. She serves nonprofit clients through her company Mission Math.
Non-Member Price $459.00
Member Price $349.00