Most exempt organizations undertake fundraising sales and events, but GAAP reporting of the underlying transactions and results is at odds with what the Form 990 demands! Preparers need know both how these activities are defined and the extent to which their underlying components need be isolated and disclosed to meet the form's financial reporting parts (including Schedules G and A).
Most filers report incorrect data related to these revenue items, failing to detail the full array of components of such sales' revenue streams, direct expenses, and separate associated solicitation expenses. The practical experience of the author/instructor and the use of examples are the framework by which preparers will see how the 990 requires dollar disclosures relating to silent auctions, annual dinner/dances, and sales campaigns.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Individual webcastCPE Credit:
This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by CPA Crossings.