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ACPEN Signature: 2018 Not-for-Profit Accounting, Auditing & Tax Update

 
 Monday, Jan. 14, 2019 from 2:00 pm to 10:00 pm
 Online
 
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Registration Status: CLOSED -- Please contact the VSCPA at [email protected] or (800) 733-8272 for availability.
VSCPA Members
$195.00 Regular Registration
Nonmembers
$245.00 Regular Registration
Designed For:
New Changes in Not-for-profit Industry Practice
Prerequisite:

None

There have been significant Accounting Standards Updates (ASUs) issued by the FASB that impact NFP Entities. The IRS continues to refine and revise the Form 990 and 990-EZ.  Our panel of experts will provide you with what you need to know about the latest and most important GAAP and tax proposals and developments affecting non-profit organizations.

The 2018 course will provide a thorough FASB Update with recent Accounting Standards Updates issued that could impact Not-for-Profits including:

            -Presentation of Financial Statements of Not-for-Profit Entities

            -Revenue Recognition

            -Leases

            -Also, you will receive an update on certain projects currently being worked on at the FASB including Revenue Recognition of Grants and Contracts by Not-for-Profits and other projects which could impact Not-for-Profit organizations.

 

In addition, our panel of experts will provide an Auditing Update addressing

                  - SAS 132—Going Concern,

                  -Other audit-related issues such as a review of Internal Controls and Fraud in the Not-for-Profit Environment.

                  Panels will pay particular attention to these issues in large and small organizations.

Exposure drafts:

-Forming an opinion and reporting on financial statements of employee benefit plans subject to ERISA.

-The auditor’s responsibilities related to other information included in annual reports.

-Omnibus 2018.

-Forming an opinion and reporting on financial statements.

-Communicating key audit matters in the independent auditor’s report

-Modifications to the opinion in the independent auditor’s report

-Emphasis-of-matter paragraphs

-Addressing disclosures in the audit of financial statements

 

You will also receive a thorough Tax Update that will include:

                        -Understanding Key Issues Affecting Tax Exempt Organizations

Exempt Organization Provisions Including

Executive Compensation.

                        -College and University Provisions.

                        -Employees of Exempt Organizations.

                        -Other Provisions to be Aware of:

      Pass Through Investments

      Depreciation

                  -Avoiding Common  Errors in Completion of IRS form 990,

                  -Form 990, Overview, Layout and Navigation.

                  -What Board Members Should be Aware of When Reviewing the Form 990.

                  -Tricky Rules that can cause errors.

                  -An overview of Unrelated Business Income (UBIT),

                  -Schedule L, Identification of Reportable Transactions.

                  -Schedule A, Public Support Testing and Improving the Percentage.                     

 

A national expert will provide an Ethics Update (1 CPE Hour) geared to the Not-for-Profit organization. This will include:

                        -Hosting Services.

                        -Proposed Omnibus.

                        -Noncompliance with laws and regulations (“NOCLAR”).

                        -State and local government entities.

                        -Long association of senior personnel with an attest client.

                        -Leases.

 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to [email protected].

Related Events

The Virginia Society of CPAs (VSCPA) 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: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.