Sessions For June 18

7:00AM-5:30PM

18

Monday
8:00AM-9:40AM

101. Fundamentals of Not-for-Profit Accounting

Instructor: John Kroll, Pete Ugo
Track: Yellow Book
Knowledge Level: Intermediate
Field of Study: Accounting, Auditing (Governmental)
CPE Credits: 2.0

Not-for-profit organizations have to abide by several accounting and reporting requirements that are unique to their industry. This workshop will take a fresh look at NFP accounting and reporting requirements, provide a few simple "tricks of the trade" and give participants an overview of several basic/fundamental accounting and financial reporting items that are prevalent within the not-for-profit industry. Topics covered will include accounting for contributions, endowments, net assets, and various other accounting and financial reporting topics. This workshop is ideal for those who are new to the not-for-profit industry, as well as a refresher for more experienced individuals.

Learning Objectives:

  • Attendees will learn about several fundamental accounting items that are unique to not-for-profit organizations
  • Workshop will provide an overview, including examples, of financial reporting for not-for-profit organizations

18

Monday
8:00AM-9:40AM

102. Practical Implementation of Procurement

Instructor: Diane Fraber, Andrea Wilson
Track: Yellow Book
Knowledge Level: Intermediate
Field of Study: Auditing (Governmental)
CPE Credits: 2.0

Given the changes in the Uniform Guidance, particularly related to procurement, this workshop is geared to helping participants with practical implementation strategies in understanding adoption (and survival) techniques in both implementing and auditing the new standards.

Learning Objectives:

  • Design procurement policies in compliance with the Uniform Guidance.
  • Gain insight into practical implementation of the Uniform Guidance as it relates to procurement.

18

Monday
8:00AM-9:40AM

103. Choice of Entity

Instructor: Jeffrey Frank, Jeffrey Schragg
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 2.0

This workshop on the choice of entities for NFPs will include birth and death / formation and termination issues. The speakers will discuss the Form 1023, 1023-EZ and 1024, dissolution and termination issues including the interaction with the Secretary of State, Attorney General and state taxing authorities, what to do when an entity is terminated due to lack of filing with the IRS, the state or the Secretary of State.

Learning Objectives:

  • Attendees will learn what to do when an entity is terminated due to lack of filing with the IRS, the state or the Secretary of State

18

Monday
8:00AM-9:40AM

104. Uncover the Mystery: What it Takes to Become an Excel Analyst

Instructor: Carey Mitchell, Johnnie Thomas
Track: Specialized Knowledge
Knowledge Level: Intermediate
Field of Study: Computer Software & Applications
CPE Credits: 2.0

Do you find yourself sleuthing around Microsoft Excel, wanting to uncover the analytics features it provides and wishing you knew more? Attendees will learn about new and existing analytics features within Excel. Excel features can make even the most rote daily tasks more efficient. Other features, such as Excel charts and reports, can assist you in becoming more strategic in your role. Attendees will leave with practical examples of how to use these features as well as resources for future, self-guided learning. The workshop is recommended for those with at least a foundational level of competency related to Excel and its capabilities.

Attendees will:

  • Identify uses for Office 365, Office’s subscription service that provides ongoing new value and high impact for your work and business.
  • Apply data to examples of Excel analytics fundamentals, including lookup formulas and PivotTables.
  • Compare chart types to help visualize data.
  • Use the one-click forecasting feature to make predictions on data.
  • Use Power Query, a tool used for automated, repeatable importing and cleaning up substantial amounts of data in Excel. Data can come from a wide variety of sources including SQL, CSV, and web pages. 
  • Use Power Pivot, a tool used when working with large (1M+ rows) data sets within Excel. Learning Objectives: Identify and apply new and existing analytics features within Excel. Obtain practical examples of how to use these features as well as resources for future, self-guided learning.

18

Monday
9:50AM-11:30AM

105. Indirect Cost Proposals

Instructor: Troy Rector, Alex Weekes
Track: Yellow Book
Knowledge Level: Intermediate
Field of Study: Auditing (Governmental)
CPE Credits: 2.0

Many institution's must engage in the process of negotiating federal indirect rates. Non-profits face unique challenges in preparing, submitting and negotiating indirect rates. As we go through this process, many of us often wonder if we've done everything we can do within the constraints of federal regulations in order to maximize our institution's negotiated indirect rate and resulting indirect cost recovery. In this workshop, we will discuss strategies that may be employed to maximize indirect cost recovery, both in the preparation of your indirect rate proposal as well as during the subsequent rate negotiation and budgeting of indirect costs on grants and contracts.

Learning Objectives:

  • Identify what an indirect cost rate is, its importance and the various types of costs recovered through the indirect rate.
  • Explore different types of rates and how they impact recovery and understand the process for preparing, submitting and negotiating the rate under the Uniform Guidance.

18

Monday
9:50AM-11:30AM

106. Diving into the Details of Form 990

Instructor: Jeffrey Frank, Tracy Paglia
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 2.0

If you've prepared or evaluated the Form 990, you know it’s a complex filing used for reporting important information. We will focus on targeted areas of the Form 990 and schedules to inform the audience on issues and opportunities and answer your questions.

Topics covered will include:

  • functional expenses
  • grantmaking and how activities are reflected on Schedules F and I
  • related organization topics and their reporting on Schedule R and corresponding components of the core form.

Learning Objectives:

  • Participants will have a better understanding of the what and why of details required for specific sections of the Form 990, and a deeper knowledge of how this information can be used or may be perceived by readers of the Form 990.

18

Monday
9:50AM-11:30AM

107. From Hard Work to Operational Excellence

Instructor: Hilda Polanco, Amy West
Track: Specialized Knowledge
Knowledge Level: Intermediate
Field of Study: Business Management & Organization
CPE Credits: 2.0

Focusing on the three foundational components of Operational Excellence, "effective teams, integrated technology systems, and efficient workflow”this session will leave participants with a renewed vision of what it means to operate at the highest levels to support the achievement of outcomes.

Key concepts will include:

  • Maximizing staff capacity in the finance function
  • Leveraging technology to increase efficiency
  • Automating workflow each step of the way

Learning Objectives:

  • Analyze practical applications to improve operating efficiency
  • Determine how to effectively use resources and automation to achieve operating excellence

18

Monday
9:50AM-10:40AM

108. Introduction to Accounting for Endowments

Instructor: Jennifer Richards
Track: Accounting & Auditing, Yellow Book
Knowledge Level: Intermediate
Field of Study: Accounting, Auditing (Governmental)
CPE Credits: 1.0

This workshop provides a deep dive on this accounting topic for those that are new to NFPS or experienced CPAs that need a refresher.

The workshop will focus on:

  • Overview of UPMIFA, including key concepts in the uniform act and common differences as implemented in state law
  • GAAP requirements for accounting and financial reporting for endowments, including what will change and what will not under ASU 2016-14
  • Examples of options for reporting endowment balances and activity in the financials
  • Examples of footnote disclosures
  • Introductory level Deep dive session on this accounting topic, including UPMIFA and what changes and what doesn't under the new NFP Financial Reporting ASU

Learning Objectives:

  • Apply the basics for accounting for endowments to your client situations
  • Determine how the new financial reporting ASU will change current accounting for endowments

18

Monday
10:50AM-11:40AM

109. Introduction to Split Interest Agreements

Instructor: Jennifer Hoffman, Rick Wentzel
Track: Accounting & Auditing
Knowledge Level: Basic
Field of Study: Accounting
CPE Credits: 1.0

Many not-for-profit organizations rely on split-interest agreements, also known as planned giving, to support their long-term missions. Would you know a split interest agreement if you saw it? Would you know how to account for it? This workshop will cover accounting for the various types of split interest agreements, including charitable lead trusts, charitable gift annuities, pooled income funds, and gifts of real estate with a retained interest. Through various examples of these types of gifts, we will cover the GAAP requirements for initial recognition (including what assumptions and estimates to use), subsequent re-measurement, and financial statement presentation and disclosure. We will explore best practices for controls surrounding identifying, tracking, and recording such agreements.

Learning Objectives:

  • Record the various types of split-interest agreements, including initial entries Learn when and how to re-measure split-interest agreements and how to report them.

12:45PM-1:00PM

18

Monday
1:00PM-1:50PM

1. Keynote Presentation: Purpose - Personal Journey and Professional Career

Instructor: Shannon Schuyler
Track: Specialized Knowledge
Knowledge Level: Overview
Field of Study: Specialized Knowledge
CPE Credits: 1.0

Purpose can be powerful, palatable, and transformative if we understand its true meaning on a multitude of levels -- individual, collective, systemic -- and how to activate it in a unified manner. Hear from PwC’s Chief Purpose Officer about how a purpose mindset transcends generations, supports talent development and workplace engagement while creating shared value.

Learning Objectives:

  • Recognize how your organization can create a culture that attracts and cultivates more engaged employees
  • Learn why being purpose-driven can lead to better business performance

1:50PM-2:00PM

18

Monday
2:00PM-3:15PM

2. The New Yellow Book

Instructor: Kimberly McCormick, Mandy Nelson
Track: Yellow Book
Knowledge Level: Update
Field of Study: Auditing (Governmental)
CPE Credits: 1.5

This session will provide the status of the GAO's update to Government Auditing Standards.

Learning Objectives:

  • Recall the status of the updates to the Yellow Book and effective date for auditors and organizations
  • Indicate the plan for CPE requirements related to the Yellow Book

18

Monday
2:00PM-3:15PM

3. Board Governance

Instructor: Mark Oster
Track: Specialized Knowledge
Knowledge Level: Intermediate
Field of Study: Business Management & Organization
CPE Credits: 1.5

Given increased accountability to constituents, donors and regulators for accuracy and integrity of business operations, heightened expectations of boards for transparency and effectiveness, and greater media coverage of lapses in good governance, strong board performance is essential. When done right, governance activities of boards can not only provide needed oversight, but can contribute in meaningful ways to organizational success - and mission achievement. In this presentation, we will address key governance principles for Boards in the not-for-profit sector, focusing on modes of governance, responsibilities of the board and of individual trustees, characteristics of high performing boards and current governance issues and associated best practices. The presentation will be based on Grant Thornton's "Not-for-Profit Board Guidebook", which covers governance best practices, as well as the issues trustees face as they do their work.

Learning Objectives:

  • To clarify the key roles and responsibilities of NFP boards as an integral part of an organizaton's governance structure.
  • To define what makes boards successful. To address issues regarding accountability, integrity, fiscal stewardship and board operating procedures.
  • To identify key governance issues that trustees need to address to perform their responsibilities effectively.

18

Monday
2:00PM-3:15PM

4. Accounting for Endowments and Annuity and Life Income Gifts

Instructor: John Kroll, Jennifer Richards
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Not all endowments are the same, and they often times create complexity and confusion within not-for-profit organizations and lead to potential financial reporting misstatements. This session will provide an overview on accounting for endowments, and explore advanced topics related endowment accounting and financial reporting with specific gift examples, practical guidance on donor relations, and a case study on investment pool accounting. This session will also provide an overview of accounting and financial reporting for annuity and life income gifts along with specific accounting examples, including:

  • Endowment accounting basics refresher
  • Changes to endowment accounting related to ASU 2016-14
  • A variety of gift examples, including an investment pool case study
  • Practical guidance on donor relations
  • Overview of annuity and life income accounting

Learning Objectives:

  • To clarify the key roles and responsibilities of NFP boards as an integral part of an organizaton's governance structure.
  • To define what makes boards successful.
  • Learn common errors in accounting and reporting endowments and take away ideas on what to watch out for to avoid making these mistakes

18

Monday
2:00PM-3:15PM

5. Technology Update: Understanding the Latest Buzzwords and Changes That Impact Our Industry

Instructor: Anthony Hargreaves
Track: Specialized Knowledge
Knowledge Level: Intermediate
Field of Study: Information Technology, Specialized Knowledge
CPE Credits: 1.5

Join this session for an update on the latest technology buzzwords. Cryptocurrency, Blockchain, A.I., EU GDPR, and more. Learn the details behind these buzzwords and how they are relevant to your organization.

Learning Objectives:

  • Learn simplified definitions of some key technical terms
  • Get updated on new technologies impacting the NFP space
  • Learn some of the pros and cons of new emerging technologies

18

Monday
2:00PM-3:15PM

6. Tax Law Update

Instructor: Bruce Hopkins
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

This session will review current developments in the federal tax law, including tax regulations, IRS rulings, court opinions, and pending legislation (including U.S. Tax Reform bills/law). The focus will be on the TE/GE fiscal year 2018 work plan, qualification for exemption, application for recognition processes and litigation, public charity status, supporting organizations, donor-advised funds, the commerciality doctrine, the private foundation rules, governance, the private inurement and private benefit doctrines, legislative and political campaign activity, unrelated business, joint ventures, use of subsidiaries, fundraising, and charitable giving law.

Learning Objectives:

  • Identify the import of TE/GE FY 2018 work plan.
  • Analyze IRS private letter ruling policies.
  • Apply recent court decisions to applicable tax scenarios.
  • Identify contents of tax reform legislation/law.

18

Monday
3:20PM-3:40PM

LL1. Hashtags, Handles and Tweets, Oh My!

Instructor: Liz Rock
Knowledge Level: None
Field of Study: None
CPE Credits: None

Twitter is a social media platform that has developed a reputation for building relationships and fostering person-to-person networking. Learn how you can capitalize on conferences and the opportunities they present through Twitter.

Learning objectives:

  • Learn best practices for starting and growing your presence on the fast-pace social platform.
  • Get tips and tricks on engaging with hashtags and making the most during your #AICPAnfp time

18

Monday
3:45PM-5:25PM

7. GAAP Update

Instructor: Jeffrey Mechanick, Rick Cole
Track: Accounting & Auditing, Yellow Book
Knowledge Level: Update
Field of Study: Accounting, Auditing (Governmental)
CPE Credits: 2.0

This session will provide an overview update on: recent Accounting Standards Updates (ASUs), especially the final ASU on Grants & Contracts to NFPs; implementation matters concerning ASUs that are newly effective or soon to be effective (especially NFP Financial Statements, Revenue Recognition, and Leases); and significant FASB projects in process.

Learning Objectives:

  • Obtain a general understanding of the applicability and key provisions of the final ASU on Grants & Contracts to NFPs (deeper dive in Session 65).
  • Obtain an awareness and general understanding of key provisions/ implementation matters concerning recent major and other standards (deeper dives in other sessions), and an awareness of noteworthy ongoing FASB projects affecting NFPs.

18

Monday
3:45PM-5:25PM

8. Update on the IRS, Treasury & the Hill

Instructor: Gordon Clay, Elinor Ramey, Alexander Reid, Margaret Von Lienen
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 2.0

Come to this important session to gain insights into current EO-related developments, including:

  • IRS and Treasury EO tax reform guidance
  • Current IRS EO initiatives
  • Current EO-related guidance projects
  • Legislative changes and updates for EOs

Learning Objectives:

  • Identify legislative developments in the tax-exempt organizations area.
  • Identify regulatory developments in the tax-exempt organizations area.

18

Monday
5:45PM-6:05PM

LL2. Strengthening Your Finance Career Potential Through CGMA

Instructor: Robert Conrad
Knowledge Level: None
Field of Study: None
CPE Credits: None

Success in today’s highly competitive and fast paced business landscape requires insight and innovation from all corners of an organization. Finance teams must demonstrate agility, move beyond traditional reporting duties and demonstrate strategic capabilities to move business operations forward. The CGMA (Chartered Global Management Accountant) is designed specifically for finance professionals, to help them develop the knowledge, skills and experience they need to become more effective. This session will help answer the following questions:

  • What is CGMA?
  • Why do I need it?
  • What are the benefits of CGMA to employers and individuals?
  • What are the levels of entry to CGMA and where would I come in?
  • How much does it cost?
  • How long does it take?

Learning Objectives:

  • Introduce the CGMA Outline entry points to obtaining CGMA