Sessions For June 11

11

Tuesday
7:00AM-7:50AM

NOT1909. How Do I Implement That?

Instructor: Sue Budak, Ashley Whitaker
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

Are you aware of the FASB standards that will impact nonprofit financial statements in the next year? Do you or your clients have an implementation plan? Join this session as industry experts walk you through the standards that will be effective in the next year. To set you up for success, we will discuss tips on how to plan for implementation.

Learning objectives:

  • Identify FASB standards that will be effective in the next year
  • Identify tips on how to implement upcoming standards

 

11

Tuesday
7:00AM-7:50AM

NOT1910. New Data Collection Form and FAC Update

Instructor: Mark Dixon, John Good, Hannah Puisto
Track: Yellow Book
Knowledge Level: Intermediate
Field of Study: Auditing (Governmental)
CPE Credits: 1.0

The Federal Audit Clearinghouse has released the new 2019 Data Collection Form. This session will provide what has changed on the form and the FAC system.

Learning Objectives:

  • Identify recent changes to the FAC collections system.
  • Determine the common issues related to the recent changes.

11

Tuesday
7:00AM-7:50AM

NOT1911. Supporting Organizations

Instructor: Jennifer Becker Harris, Lauren Haverlock
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

Normally relegated to the final 5 minutes of a public support discussion, supporting organizations finally have their moment in the sun. This session is deep dive into the four types of 509(a)(3) supporting organizations. In this session, we will learn about what makes each type of supporting organization unique and learn how to spot a supporting org. We will separate fact from fiction related to restrictions of supporting organization funding and operations. Finally, we will walk through the organization and operations test, and understand how these fit into reporting on Schedule A. We will walk through Schedule A to analyze its reporting quirks, trick questions and most common pitfalls.

Learning Objectives:

  • Evaluate the different structures of supporting organizations (Type I, II, III-FI and III-NFI)
  • Understand the limitations that supporting organizations face when it comes to funding and operations
  • Apply the structures to Schedule A to properly address supporting organization questions.

11

Tuesday
7:00AM-7:50AM

NOT1912. IRS Audits of Nonprofits from A to Z

Instructor: Marc Berger, Brian Yacker
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

Many in not-for-profit accounting leadership are concerned with the potential for an IRS examination or audit. All this talk about "data-driven decision making" and numerous tax law changes has us on edge. What are your organization's chances of getting selected for an IRS audit? What happens if you are selected? How will the IRS contact and communicate with your organization? What is a "correspondence audit?" What if they find errors or problems? What "taxpayer rights" do we have? All this and more will be covered in this session.

Learning Objectives:

  • Distinguish between the different types of audits/examinations the IRS performs.
  • Recognize criteria and procedures the IRS utilizes in their "case selection model" including data-driven decision making.
  • Identify potential issues on Form 990 that may cause "issues" upon IRS exam.

 

 

11

Tuesday
7:00AM-7:50AM

NOT1913. Metrics for Mission Impact

Instructor: Sean Seabrook
Track: CGMA
Knowledge Level: Intermediate
Field of Study: Accounting, Specialized Knowledge
CPE Credits: 1.0

Does your not-for-profit measure progress against your mission? Quantifying and reporting this information to constituents can be tricky. During this session, you will learn trade secrets of high performing not-for-profits using Charity Navigator's recommended governance metrics.

Learning Objectives:

  • Identify the principles and mechanics of building meaningful metrics
  • Select metrics that measure financial health and show that resources are being used effectively
  • Choose indicators that measure mission impact
  • Determine ways to present the information so it is easily understood by your organizations stakeholders

11

Tuesday
7:00AM-7:50AM

NOT1914. Modeling Your NFP's Financial Future

Instructor: Curtis Klotz
Track: CGMA
Knowledge Level: Intermediate
Field of Study: Accounting, Finance
CPE Credits: 1.0

Does your organization have a tool or set of tools to project what your organization's finances might look like down the road? Is your only answer to this question "A budget". Financial modeling is a practice that can help you look beyond your one-year budget horizon and to play out scenarios that will help you plan for the longer-term. In this session learn about how to think about, build, and use these tools within your organization.

Learning Objectives:

  • Identify a set of tools that can help your organization project its financial position beyond the annual budget process
  • Analyze possible outcomes through scenario analysis
  • Use tools that will effectively allow you to forecast your revenue and expenses enabling long term decision making
  • Determine how you can effectively use financial modeling to predict your organization's future financial health

11

Tuesday
8:10AM- 9:00 AM

NOT1915. Auditing Standards Board Update

Instructor: Cathy Clarke, Mandy Nelson
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Auditing
CPE Credits: 1.0

This session will provide an update on the latest auditing standards board standard-setting activities including the proposed new auditor's report model, new projects on risk assessment and estimates, and audit evidence with a particular focus on the impact of new technologies such as blockchain, and data analytic techniques.

Learning Objectives:

  • Review the latest activities of the Auditing Standards Board (ASB)
  • Understand the main provisions of the proposed model for the auditor's report
  • Analyze ASB's projects on risk assessment and estimates
  • Identify the impact of new technologies on audit evidence, including Blockchain and Data analytic technique

 

11

Tuesday
8:10AM- 9:00 AM

NOT1916. Leases Standard Implementation - Time to Get Prepared

Instructor: Karen Miessner, Paul Preziotti
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

This session will cover how to practically implement and considerations to prepare for and subsequently apply and audit lease accounting utilizing examples common to NFPs.

Learning Objectives:

  • Learn how to prepare for implementation of the new lease accounting standards
  • We will provide practical guidance for auditing the new lease standard.

11

Tuesday
8:10AM- 9:00 AM

NOT1917. OMB Guidance on Procurement

Instructor: Andrea Wilson, Elizabeth Folsom
Track: Yellow Book
Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.0

The Uniform Guidance provides requirements over direct procurements under federal awards.  Now in effect, we will discuss how organizations are adapting, best practices for implementation and compliance and common audit findings.

Learning objectives:

  • What are the new procurement requirements and thresholds
  • Best practices in implementing these new requirements
  • How are the new requirements being audited and common findings

11

Tuesday
8:10AM- 9:00 AM

NOT1918. Be Aware: How to Prepare for and Avoid the Pitfalls of State Charitable Solicitation Regulation

Instructor: Tracy Boak
Track: Tax
Knowledge Level: Intermediate
Field of Study: Specialized Knowledge
CPE Credits: 1.0

State charitable solicitation registration compliance is essential to protecting your organization's ability to fundraise. For the organizations and the accountants who collaborate with them, this session will dig deeper into the regulations governing state charitable solicitation and explore the traps that may trip up even the most compliant. Tracy Boak, a Partner at Perlman & Perlman, a law firm dedicated to nonprofit law, will share her experiences in representing organizations before state charity regulators and discuss how to recognize the traps to avoid them, and how to respond if the regulators come asking for more.

Learning Objectives:

  • Understanding of charitable solicitation compliance issues
  • Understanding of charity regulator enforcement concerns

11

Tuesday
8:10AM- 9:00 AM

NOT1919. Moving Beyond Performance Management

Instructor: Jarik Conrad
Track: CGMA
Knowledge Level: Intermediate
Field of Study: Personnel/Human Resources
CPE Credits: 1.0

As one of the more continuously and hotly contested HR topics of the recent past, the future of performance management is far from being settled. From understanding how we deal with compensation in the absence of ratings to the impact on employees, we need clarity on the right path forward that makes sense for our people and our organizations. A change is needed, but what is the right balance of new and evolving practices? This presentation will explore the high costs of traditional performance management, share examples of successfully implemented alternatives, and offer progressive steps to a new approach to driving performance in 2019 and beyond.

Learning objectives:

  • Identify ways in which performance processes can be powerful tools to enact change
  • Choose technology to transform the performance process
  • Use Artificial Intelligence driven recommendations to promote professional development
  • Determine how to help staff fulfill their potential

    11

    Tuesday
    8:10AM- 9:00 AM

    NOT1920. Decoding the World of Risks

    Instructor: Scott Konrad
    Track: CGMA
    Knowledge Level: Intermediate
    Field of Study: Specialized Knowledge
    CPE Credits: 1.0

    Today's news headlines reflect a variety of threats to charitable organizations, yet they may not be evident to the casual observer. In this session, a veteran risk and insurance executive examines the most significant risks du jour, together with proven, practical antidotes that conserve nonprofit assets for mission.

    Learning Objectives:

    • Determine the wide array of risks impacting the nonprofit sector today;
    • Identify the various tools and insurance products proven to protect your organization from these threats;
    • Apply best practices when developing a risk mitigation strategy

    11

    Tuesday
    8:10AM- 9:00 AM

    NOT19UP1. Unplugged: Tax Issues for Small NFPs

    Instructor: Dave Moja, Brian Yacker
    Track: Tax
    Knowledge Level: Intermediate
    Field of Study: Taxes
    CPE Credits: 1.0

    This is an opportunity for people to ask questions and talk about the Form 990 issues faced by small organizations. Bring your organization's Form 990 questions and prepare to discuss the various issues.

    Learning Objectives:

    • Identify issues faced by small NFPs with respect to Form 990
    • Understand how Form 990 issues should be reported
    • Distinguish between 'fact and fiction' with some Form 990 myths

    11

    Tuesday
    8:10AM- 9:00 AM

    NOT19UP2. Unplugged: Best Practices in Diversity

    Instructor: Michael Forster, Scott Steffens
    Track: CGMA
    Knowledge Level: Intermediate
    Field of Study: Specialized Knowledge
    CPE Credits: 1.0

    A open discussion around good, better and best practices around diversity in our profession.

    Learning Objectives:

    • Identify the importance and benefits of diversity in todays workplace
    • Recognize that inclusion is embraced by your workforce
    • Formulate a plan to make your workforce resemble the community your organization supports
    • Select strategies to effectively increase workplace diversity

    11

    Tuesday
    9:20AM-10:35AM

    NOT1921. Risky Business: Properly Assessing and Responding to Risk

    Instructor: Rick Reeder
    Track: Accounting & Auditing
    Knowledge Level: Intermediate
    Field of Study: Accounting
    CPE Credits: 1.5

    Are you starting your audit off on the right foot? At the core of every audit are the goals of identifying, assessing and responding to risks of material misstatement. However, more than a decade after the Risk Assessment Standards were issued, the AICPA Peer Review team has found that more than half of all firms fail to comply with AU-C Section 315 or 330. In this session, you'll learn about the most pervasive issues the Peer Review team has uncovered and how to avoid them in your practice.

    Learning Objectives:

    • Identify the most commonly misapplied requirements of AU-C Sections 315 and 330.
    • Understand the intent of the Standards and how the requirements should be interpreted.
    • Discuss practical application of the Standards in audits of small to medium-sized entities.
    • Access helpful resources to support quality performance

    11

    Tuesday
    9:20AM-10:35AM

    NOT1922. Deep Dive in to New Guidance for Grants and Contracts - ASU 2018-08

    Instructor: Rick Cole, Andrew Prather
    Track: Accounting & Auditing
    Knowledge Level: Intermediate
    Field of Study: Auditing
    CPE Credits: 1.5

    This session will be a deeper dive into the ASU, beyond what is covered in the GAAP Update session. It will provide a detail walkthrough of categorizing grants/contracts as either exchange transactions (contracts with customers under ASC 606) or contributions (nonexchange transactions), as well as then determining when a contribution transaction is conditional or unconditional. The session will include several examples for apply the guidance with recipients and resource providers.

    Learning Objectives:

    • Recall the new accounting guidance for grants and similar contracts
    • Apply the new guidance to different types of grants and contracts
    • Identify the effective date of the changes

    11

    Tuesday
    9:20AM-10:35AM

    NOT1923. The "New" Yellow Book: A Detailed Review of the Changes From the "Old" Yellow Book

    Instructor: Kim McCormick
    Track: Yellow Book
    Knowledge Level: Intermediate
    Field of Study: Auditing (Governmental)
    CPE Credits: 1.5

    A session to equip practioners with a detailed understanding of what has changed in the new Yellow Book, along with implementation tips on what may need to change in practice

    Learning Objectives:

    • A summary of key changes to the standards;
    • Information about the changes to the Yellow Book independence rules relating to the performance of nonaudit services;
    • A refresher on other important areas of the standards that have not changed, with an emphasis on requirements that differ from AICPA standards

    11

    Tuesday
    9:20AM-10:35AM

    NOT1924. Reporting Comparison GAAP vs Form 990

    Instructor: Jeff Frank, Christine Terhark
    Track: Tax
    Knowledge Level: Intermediate
    Field of Study: Taxes
    CPE Credits: 1.5

    Although the Form 990 generally uses the same methods of accounting that are used in keeping the organization's books, there are important differences. In this session, we will review some of the key differences between GAAP and Form 990 reporting.

    Learning objectives:

    • Understand differences between GAAP and Form 990 reporting
    • Address 990 reporting in connection with the new ASU on net asset classification

     

    11

    Tuesday
    9:20AM-10:35AM

    NOT1925. Navigating Your Nonprofit Board

    Instructor: Mark Oster
    Track: CGMA
    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 and audit committees 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 and committees 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 and Audit Committees in the not-for-profit sector, focusing on responsibilities, current governance issues, and associated best practices. The presentation will be based on Grant Thornton’s “Not-for-Profit Board Guidebook,” and Not-for-Profit Audit Committee Guidebook, which cover governance responsibilities and the issues that trustees and management face as they govern.

    Learning objectives:

    • Clarify the key roles and responsibilities of NFP boards and audit committees as an integral part of an organization’s governance structure
    • Define management’s role in governance
    • Address issues regarding accountability, integrity, fraud, fiscal stewardship and board/committee operating procedures
    • Identify effective governance practices needed for management and trustees to perform their responsibilities effectively

      11

      Tuesday
      9:20AM-10:35AM

      NOT1926. Sharpening Your Competitive Edge Through Total Rewards

      Instructor: Andrea Goodkin, Joe Torella
      Track: CGMA
      Knowledge Level: Intermediate
      Field of Study: Specialized Knowledge
      CPE Credits: 1.5

      Today's non-profit organizations operate in an intensely competitive talent marketplace, with the continual challenge of attracting, engaging, and rewarding the best talent.  Some organizations have turned to a holistic "Total Rewards" approach in constructing an Employee Value Proposition (EVP) - yet all struggle to manage expenses and achieve cost certainty. With both tangible and intangible rewards being important differentiators, a balanced program that resonates through a well-constructed EVP is an effective tool to help distinguish your organization.

      Learning objectives:

      • Understand recent employee benefit trends and strategies for progressive benefits delivery and cost management
      • Analize the Employee Value Proposition – Do we have one? Do we need one? How do we get one?

       

      11

      Tuesday
      9:20AM-10:35AM

      NOT19UP3. Unplugged: Charitable Solicitation Q&A

      Instructor: Tracy Boak
      Track: Tax
      Knowledge Level: Intermediate
      Field of Study: Taxes
      CPE Credits: 1.5

      In this session a former charities regulator will answer your questions regarding charity registration compliance risks and legal traps in preparing and submitting financial reporting forms to state charity officials.

      Learning Objectives:

      • Understanding charity registration compliance issues
      • Understanding state charity enforcement concerns.

      11

      Tuesday
      9:20AM-10:35AM

      NOT19UP4. Unplugged: Revenue Recognition: Higher Education

      Instructor: Fran Brown, Lee Klumpp
      Track: Accounting & Auditing
      Knowledge Level: Intermediate
      Field of Study: Accounting
      CPE Credits: 1.5

      This will be an 'unplugged session' that will allow us to work through the issue of revenue recognition specific for higher education. This will be an opportunity to learn and to contribute to the session as we all navigate this subject together.

      Learning Objectives:

      • Explain the general concepts of revenue recognition
      • Recognize the specifics of revenue recognition as it pertains to higher education
      • Identify examples of possible revenue recognition situations
      • Describe disclosures of revenue recognition

      11

      Tuesday
      11:10AM-12:25PM

      NOT1927. Alternative Investments

      Instructor: Kathryn Garrison, Melissa Harman
      Track: Accounting & Auditing
      Knowledge Level: Intermediate
      Field of Study: Accounting
      CPE Credits: 1.5

      During this session, we will discuss the following:
      - An introduction to alternative investments
      - Comparison of hedge funds, private equity funds, and mutual funds
      - Risks associated with hedge fund investing and its tax implications
      - Split-interest Agreements
      - Understanding the impact of recent and upcoming standard updates

      Learning Objectives:

      • Attendees will have a better understanding of various types of investments and an understanding of auditing, accounting and tax implications of each type.

      11

      Tuesday
      11:10AM-12:25PM

      NOT1928. Audit Risk Alert

      Instructor: Jen Hofffman, Paul Preziotti
      Track: Accounting & Auditing
      Knowledge Level: Intermediate
      Field of Study: None
      CPE Credits: 1.5

      The speakers will discuss current industry, regulatory and economic developments affecting not for profit organizations that will be important for both auditors and preparers for the upcoming year. We will discuss the latest not for profit accounting and auditing trends and developments and those that are on the horizon.

      Learning Objectives:

      • Identify the industry, regulatory and economic developments impacting not-for-profit organizations
      • Determine audit issues impacting this year's engagements
      • Identify the latest not-for-profit accounting trends and developments
      • Identify the significant issues on the horizon impacting not-for-profit organizations

      11

      Tuesday
      11:10AM-12:25PM

      NOT1929. Auditing Under New Uniform Guidance Procurement

      Instructor: Andrea Wilson, Troy Rector
      Track: Yellow Book
      Knowledge Level: Intermediate
      Field of Study: Auditing
      CPE Credits: 1.5

      Given auditees were to have implemented the Uniform Guidance Procurement standards, it is now the auditors turn to begin considering the Uniform Guidance Procurement Standards in the Single Audit. This session will provide practical audit guidance on testing approaches, how auditors would approach sampling, test written procurement procedures and discuss examples from testing the Uniform Guidance Procurement standards.

      Learning Objectives:

      • Identify key Uniform Guidance Procurement standards which are the focus of the Single Audit
      • Discuss approaches to determining when Procurement is direct and material to the major program and, if so, testing approaches
      • Understand how changes in the Uniform Guidance Procurement standards could impact our approach to sampling
      • Talk through real life examples of testing the Uniform Guidance Procurement standards

      11

      Tuesday
      11:10AM-12:25PM

      NOT1930. Wayfair Case & State Issues

      Instructor: Karen Syrylo
      Track: Tax
      Knowledge Level: Intermediate
      Field of Study: Taxes
      CPE Credits: 1.5

      Most nonprofit organizations have responsibilities for state and local sales tax and other taxes, even if the federal income tax exemption removes state income tax liability. The U.S. Supreme Court's recent ruling in the WAYFAIR case adds to the importance of staying on top of this area, now. We will also discuss state Unclaimed Property remittance laws and other state filing requirements.

      Learning Objectives:

      • Understand the multistate perspective of how state and local sales taxes apply to a nonprofit organization's purchases and sales.
      • Understand how the U.S. Supreme Court's WAYFAIR ruling may create multistate sales tax filing requirements for nonprofit organizations.
      • Understand state Unclaimed Property laws and other state filings.

      11

      Tuesday
      11:10AM-12:25PM

      NOT1931. Trends in 'Form of Entity' Choices for Philanthropic Ventures

      Instructor: Eve Borenstein, Nancy McGlamery
      Track: Tax
      Knowledge Level: Intermediate
      Field of Study: Taxes
      CPE Credits: 1.5

      Approaches to 'doing charity' over the last decade demonstrate a marked increase in the use of non-501(c)(3) modes. These include: (c)(4) social welfare organizations, for-profit subsidiaries, joint ventures, and for-profit 'hubs'. Approaches to 'doing charity' over the last decade demonstrate a marked increase in the use of non-501(c)(3) modes. These include: (c)(4) social welfare organizations, for-profit subsidiaries, joint ventures, and for-profit 'hubs'. This session will present the advantages and disadvantages of these and other alternative modes and note how they are affected by federal and state law.

      Learning Objectives:

      • Understand why traditional philanthropic models have been seen as confining
      • Compare the alternative options' ability to: meet donor priorities; effectuate operational efficiencies, maximize mission; and facilitate flexibility

      11

      Tuesday
      11:10AM-12:25PM

      NOT1932. Disruption Doesn't Need to Be Disruptive

      Instructor: Monica Dalwadi, Ellen Labita, Amy West
      Track: CGMA
      Knowledge Level: Intermediate
      Field of Study: Specialized Knowledge
      CPE Credits: 1.5

      Operational excellence can come about through integrated performance across funds management, cost and risk. It focuses on exceeding stakeholder expectations through the continuous improvement of the operational processes and the culture of the organization.

      Learning Objectives:

      • Select ways to effectively manage disruption and use it to your organization's advantage
      • Determine how to keep employees positive and empowered
      • Formulate strategies to embed operational excellence into your organization's culture
      • Identify technology and processes that support operational excellence

      11

      Tuesday
      11:10AM-12:25PM

      NOT19UP5. Unplugged: Revenue Recognition - Grants and Similar Contracts (ASU 2018-08)

      Instructor: Kelly Frank, Andrew Prather
      Track: Accounting & Auditing
      Knowledge Level: Intermediate
      Field of Study: Accounting
      CPE Credits: 1.5

      This unplugged session picks up where session 22 (Deep Dive on ASU 2018-08) leaves off. More case studies will be explored in applying the new accounting guidance. Bring your questions and examples to share with the group for this lively discussion.

      Learning Objectives:

      • Recall the new accounting guidance for grants and similar contracts
      • Apply the new guidance to different types of grants and contracts

      11

      Tuesday
      11:10AM-12:25PM

      NOT19UP6. Unplugged: Creating a Respectful Culture

      Instructor: Shaara Roman
      Track: CGMA
      Knowledge Level: Intermediate
      Field of Study: Personnel/Human Resources
      CPE Credits: 1.5

      Incivility is at an all time high in our workforce. What are you doing to build a respectful culture that is inclusive and puts a stop to bullying and harassing behaviors? Could these behaviors lead to a #MeToo claim from your employees? Join this session to learn about how you can build a respectful culture on your team and across your organization.

      Learning Objectives:

      • Inform leaders of the critical role they play in role modeling and building a workplace culture that is engaging, respectful and inclusive.
      • Identify bullying and harassing behaviors
      • Discuss strategies on building a respectful culture

      12:25PM-1:25PM

      11

      Tuesday
      1:25PM-2:40PM

      NOT1933. I Have to Disclose What?

      Instructor: Melissa Harman, Brian Zygmunt
      Track: Accounting & Auditing
      Knowledge Level: Intermediate
      Field of Study: Accounting
      CPE Credits: 1.5

      This session will provide an overview of not-for-profit accounting and disclosure requirements that are often missing or contain errors.

      Learning Objectives:

      • Identify disclosure requirements that may be missing from not-for-profit financial statements
      • Analyze financial statement disclosure areas that are prone to error

      11

      Tuesday
      1:25PM-2:40PM

      NOT1934. Fair Value: Auditing & Use of Specialists

      Instructor: Angelica Roiz, Dennis Morrone
      Track: Accounting & Auditing
      Knowledge Level: Intermediate
      Field of Study: Auditing
      CPE Credits: 1.5

      This session will provide attendees with an overview of the various types of valuation methodologies employed by specialists to price non-exchange traded assets. The session will also include a discussion on the disclosure requirements included in ASU 2018-13, Disclosure Framework's Changes to the Disclosure Requirements for Fair Value Measurement, relative to such instruments and the types of auditing procedures necessary to assess the reasonableness of the pricing inputs and methodologies employed. Through the sharing and discussion of examples, the session is designed to assist financial statement prepares and auditors understand their responsibilities relative to the valuation and reporting of such assets in entities' financial statements.

      Learning Objectives:

      • Recognize when to involve valuation specialists in the pricing of certain types of assets
      • Identify the modified disclosure requirements relative to fair value measurements under ASU 2018-13
      • Recognize auditor' responsibilities relative to assessing the reasonableness of pricing inputs and valuation methodologies employed

      11

      Tuesday
      1:25PM-2:40PM

      NOT1935. Common Single Audit Findings & Exceptions

      Instructor: Divya Gadre, Brittney Williams
      Track: Yellow Book
      Knowledge Level: Intermediate
      Field of Study: Auditing
      CPE Credits: 1.5

      The Single Audit Quality Study will be performed in 2019 by OMB. Deficiencies in Single Audits can lead to audit failure. This session will focus on common audit findings and quality issues in relation to Single Audits and Yellow Book audits. Learn how to become compliant in the most critical areas of a Single Audit to ensure you are ready for the upcoming Single Audit Quality study.

      Learning Objectives:

      • Identify common audit findings found through the recent AICPA Peer Review Oversights, and “real world” experience.
      • Discover the proper documentation needed, what peer reviewers are finding and how to audit the more complex areas in a Single Audit.
      • Identify how best to prevent common deficiencies, ensure compliance and enhance the quality of all audits.

       

       

      11

      Tuesday
      1:25PM-2:40PM

      NOT1936. Tax and Legal Issues with Complex Gifts

      Instructor: Matt Clausen, Tracy Paglia
      Track: Tax
      Knowledge Level: Intermediate
      Field of Study: Taxes
      CPE Credits: 1.5

      Complex gifts can be a blessing or a curse. It's worth it for organizations to think ahead of the potential pitfalls before being approached by a donor to take one of these gifts. This session with bring up tax and legal issues associated with these gifts, such as partial gifts of real estate, ownership of a business interest, or gifts with contingencies

      Learning Objectives:

      • Analyze and evaluate issues that arise in receiving, maintaining and/or disposing of complex gifts.
      • Learn to apply the information in advising clients or board members regarding these tax and legal complexities.

      11

      Tuesday
      1:25PM-2:40PM

      NOT1937. Creating an Engaged Workforce

      Instructor: Shaara Roman
      Track: CGMA
      Knowledge Level: Intermediate
      Field of Study: Personnel/Human Resources
      CPE Credits: 1.5

      Only 15% of the workforce is engaged. Shocking, but true. And, we've all heard that while people join companies, they leave managers. How do you manage the gig worker in the gig economy? What impact does it have on your team and organization?

      Learning Objectives:

      • Identify reasons why a low percentage of the workforce is engaged
      • Indicate how a gig economy impacts your organization
      • Determine how to best manage gig employees
      • Share ways in which to create an engaged workforce

      11

      Tuesday
      1:25PM-2:40PM

      NOT1938. 9.5 Things That Get CFOs Up Early In the Morning

      Instructor: Carolyn Mollen, Ash Noah, Amy West
      Track: CGMA
      Knowledge Level: Intermediate
      Field of Study: Specialized Knowledge
      CPE Credits: 1.5

      Today's CFOs are worried about much more than their profit and loss results and getting their audit done in a timely manner. Join three financial executives to discuss what issues get CFOs up early in the morning and share some tips on how CFOs can get a better night's sleep.

      Learning Objectives:

      • Identify the top issues facing CFOs today
      • Determine how these matters are impacting your organization
      • Select ways to best manage these concerns within your organization
      • Apply techniques used by your peers to convert these challenges into opportunities

      11

      Tuesday
      1:25PM-2:40PM

      NOT19UP7. Unplugged: Revenue Recognition: Healthcare

      Instructor: Cathy Clarke, Karen Miessner
      Track: Accounting & Auditing
      Knowledge Level: Intermediate
      Field of Study: Accounting
      CPE Credits: 1.5

      Unplugged session intended to be interactive and facilitate discussion of issues and examples in the industry subsector identified in the title.

      Learning Objectives:

      • Understand revenue recognition issues currently impacting Health
      • Learn from peers regarding implementation concerns
      • Understand resources available to assist organizations with implementation

       

      11

      Tuesday
      1:25PM-2:40PM

      NOT19UP8. Unplugged: Wayfair Case

      Instructor: Karen Syrylo
      Track: Tax
      Knowledge Level: Intermediate
      Field of Study: Taxes
      CPE Credits: 1.5

      Interactive follow-up to previous session on the U.S. Supreme Court's WAYFAIR decision, sales taxes, and other state filing requirements for nonprofit organizations.

      Learning Objectives:

      • Participants will have the opportunity to present their own questions for a more in-depth discussion in this Q&A session.

      11

      Tuesday
      3:15PM- 4:30 PM

      NOT1939. Sampling

      Instructor: Cathy Clarke, Brian Zygmunt
      Track: Accounting & Auditing
      Knowledge Level: Intermediate
      Field of Study: Auditing
      CPE Credits: 1.5

      This session will focus on key aspects of sampling in the context of a financial statement audit. The session will cover the audit sampling process and discuss different approaches to audit sampling and the related techniques.

      Learning Objectives:

      • Analyze the audit sampling process and the various approaches to audit sampling
      • Differentiate between the use of non-statistical and statistical audit sampling
      • Analyze different sampling techniques

      11

      Tuesday
      3:15PM- 4:30 PM

      NOT1940. Explaining Finance Information to Non-Financial Board Members

      Instructor: Jim Croft, Scott Steffens
      Track: Accounting & Auditing
      Knowledge Level: Intermediate
      Field of Study: Accounting
      CPE Credits: 1.5

      We will discuss how to convert the financial statements into practical, decision useful information to help the board govern the organization.

      Learning Objectives:

      • Help develop useful communications for board members.
      • Discuss creative ways to education board members on unique NFP reporting.

      11

      Tuesday
      3:15PM- 4:30 PM

      NOT1941. Internal Controls in Single Audits: Focus on Quality

      Instructor: Kim McCormick, Amanda Ward
      Track: Yellow Book
      Knowledge Level: Intermediate
      Field of Study: Auditing (Governmental)
      CPE Credits: 1.5

      Review of the 7 steps of evaluating internal control over compliance , documentation examples and tips/traps to keep top of mind.

      Learning Objectives:

      • Understand opportunities for improvement
      • Embrace the process; all seven steps
      • Study examples of good and bad documentation

      11

      Tuesday
      3:15PM- 4:30 PM

      NOT1942. Religious Organizations Update

      Instructor: Dave Moja, Chip Watkins
      Track: Tax
      Knowledge Level: Intermediate
      Field of Study: Taxes
      CPE Credits: 1.5

      A panel of experts will provide information on recent and pending tax issues and areas of interest for this Religious Organizations arena including the Ministers Housing Allowance, Form 990 filing by Churches, recent rulings and court cases, and effects of the 'Tax Cuts and Jobs Act.'

      Learning Objectives:

      • Identify areas new rulings and law changes that may affect your organization
      • Distinguish between issues that are pending and have been defined as law
      • Recognize planning opportunities for your organization based upon recent rulings

      11

      Tuesday
      3:15PM- 4:30 PM

      NOT1943. Tax Reform Update

      Instructor: Dick Locastro, Jane Searing
      Track: Tax
      Knowledge Level: Intermediate
      Field of Study: Taxes
      CPE Credits: 1.5

      This session will provide a review of updated Form 990-T and filing issues related to tax reform - what's left, what was repealed, guidance (or lack thereof), and international issues.

      Learning Objectives:

      • Understand changes to the Form 990-T
      • Updates in reporting requirements for unrelated business income taxes.

      11

      Tuesday
      3:15PM- 4:30 PM

      NOT1944. Practical Implications of ERM

      Instructor: Steven Herbst, Ethan Kahn
      Track: Accounting & Auditing
      Knowledge Level: Intermediate
      Field of Study: Specialized Knowledge
      CPE Credits: 1.5

      Determine ways in which ERM can influence your organization's day to day activities Formulate a practical approach to present organizational risks to your governing body. Use ERM to effectively coordinate regulatory and compliance matters.

      Learning Objectives:

      • Understanding the quality control and compliance value that ERM
      • Practical Implications generates excellent takeaways - We often hear - We thought we were running a tight ship until ERM came into the picture

      11

      Tuesday
      3:15PM- 4:30 PM

      NOT19UP9. Unplugged: The Art of Asking Powerful Questions

      Instructor: Mary Legakis Engel
      Track: CGMA
      Knowledge Level: Intermediate
      Field of Study: Personal Development
      CPE Credits: 1.5

      Responsibility without authority is a recipe for frustration. Yet every day you are placed in situations where you are expected to make change happen with limited resources and limited support. Your ability to get opinionated people to accept your opinion depends as much on how people feel about you as it does on the facts and data you present. Join Mary Legakis Engel as she helps you master your influence with three powerful questioning skills that have been proven to create behavior change within organizations and individuals alike. You'll also learn about new discoveries in science and personality theory that affect your ability to influence others with whom you work. Practice improving the quality of your conversations so you have a bigger impact in your role. Get your job done better and faster with the art of asking powerful questions. Experience the transformational power of powerful listening, and be coached live.

      You will:

      • Improve the quality of your conversations at the office and at home
      • Increase your influence with your team and colleagues (and maybe even your family)
      • Get all your questions about management answered, with live coaching on the spot

      Learning Objectives:

      • Identify ways to get opinionated people to accept your opinion
      • Use 3 questions proven to create behavior change
      • Apply the transformational power of effective listening
      • Determine ways to improve the quality of your conversations

      11

      Tuesday
      4:50PM-5:40PM

      NOT1945. Accounting and Auditing for Mergers & Acquisitions

      Instructor: Lee Klumpp, Rick Wentzel
      Track: Accounting & Auditing
      Knowledge Level: Intermediate
      Field of Study: Accounting, Auditing
      CPE Credits: 1.0

      This course provides an overview of the accounting and disclosures required for mergers and acquisitions in the not-for-profit industry. We will also discuss synthetic mergers and if those might be a viable option for your organization. Challenges that arise during a merger or acquisition will also be discussed.

      Learning Objectives:

      • Discussion of accounting for mergers and acquisitions
      • Learn what synthetic mergers are
      • Discuss challenges that arise during such a transaction

      11

      Tuesday
      4:50PM-5:40PM

      NOT1946. Things I Wish Someone Would Have Told Me (for CFOs/Controllers)

      Instructor: Scott Steffens, Eloise Scavella
      Track: Accounting & Auditing
      Knowledge Level: Intermediate
      Field of Study: Specialized Knowledge
      CPE Credits: 1.0

      Session for new financial leaders in the NFP space. Learn from a new COO about transitioning into the NFP sector and what they wish they had known to avoid potential pitfalls.

      Learning Objectives:

      • Information about what to expect in an NFP environment - teams and boards.
      • How to engage with third parties - banks, lawyers and investment advisors.

      11

      Tuesday
      4:50PM-5:40PM

      NOT1947. Using the FAC to Monitor Audit Quality

      Instructor: Rebecca Field, John Good
      Track: Yellow Book
      Knowledge Level: Intermediate
      Field of Study: Auditing (Governmental)
      CPE Credits: 1.0

      The Federal Audit Clearinghouse has released the new 2019 Data Collection Form. This session will provide what has changed on the form and the FAC system.

      Learning Objectives:

      • Identify ways to use the Federal Audit Clearinghouse system to gather information about your single audit practice
      • Use the information available in the Federal Audit Clearinghouse to improve firm audit quality
      • Apply best practices for completion and submission of the Data Collection Form to avoid errors

      11

      Tuesday
      4:50PM-5:40PM

      NOT1948. Global Trivia: Most Common Pitfalls of Working Internationally

      Instructor: Deirdre Hodgson
      Track: Tax
      Knowledge Level: Intermediate
      Field of Study: Accounting, Auditing, Taxes
      CPE Credits: 1.0

      In this interactive, trivia style game, the presenter will take attendees through topics such as compliance, tax, governance, and internal controls and connect them to the most commonly asked questions or issues that nonprofits are dealing with when working internationally. The questions will span from topics such as paying an international vendor to in-country compliance issues.

      Learning Objectives:

      • Identify common issues when completing international engagements
      • Review examples of best practices when encountering global activity

      11

      Tuesday
      4:50PM-5:40PM

      NOT1949. Creating a Blueprint for Growth

      Instructor: Brandy Keller
      Track: Accounting & Auditing
      Knowledge Level: Intermediate
      Field of Study: Business Management & Organization
      CPE Credits: 1.0

      Based on industry studies, 80 percent of nonprofit finance professionals say their organization plans to grow in the next 12-18 months. But how do you plan for growth? How are your peers planning for growth? Knowing that nonprofit growth presents its own unique set of challenges, and, if not managed properly, can actually hurt your organization, you need a solid strategy to go forward. In this session, we've taken feedback from hundreds of organizations facing growth challenges and consolidated best practices into a step-by-step guide to evaluate growth opportunities and prepare your organization to dive in.

      Learning Objectives:

      • Determine which growth opportunities to pursue
      • Formulate a comprehensive growth plan while applying a risk management framework
      • Identify technology requirements for accommodating growth
      • Use effective people management techniques to maintain morale throughout the transition

      11

      Tuesday
      4:50PM-5:40PM

      NOT1950. 3 Essential Ingredients to Efficient and Engaging Change Efforts

      Instructor: Mary Legakis Engel
      Track: CGMA
      Knowledge Level: Intermediate
      Field of Study: Personal Development
      CPE Credits: 1.0

      Implementing change is an often talked about and rarely understood business management concept. There are thousands of models for understanding it, all of which work at the conscious level of understanding. This session aims to take it a level deeper. Understanding the behavioral implications of resistance at the conscious and sub-conscious levels can better prepare you for implementing change effectively. Learn the 3 essential components - Communicate, Absorb, Engage - needed to help others adopt and implement your change. Get comfortable using 4 different communications styles that will help you win with early, middle and late adopters to your change. Become a masterful change leader that gets tapped for both strategic and operational change management efforts.

      Learning Objectives:

      • Determine the behavioral implications of resistance to change at the conscious and sub-conscious level
      • Identify the 3 essential components of implementing change: Communicate, Absorb, Engage
      • Apply 4 different communication styles that will help you effectively implement change

      11

      Tuesday
      4:50PM-5:40PM

      NOT19UP10. Unplugged: UBI an Form 990-T

      Instructor: Kelly Farmer, Dave Moja
      Track: Tax
      Knowledge Level: Intermediate
      Field of Study: Taxes
      CPE Credits: 1.0

      Join our experts for discussion on unrelated business income and Form 990-T topics including changes wrought by the TCJA, changes to the form, and planning opportunities.

      Learning Objectives:

      • Recognize which new rulings and laws might affect your organization
      • Identify planning opportunities
      • Distinguish challenges other organizations are having with the new rules

      11

      Tuesday
      4:50PM-5:40PM

      NOT19UP11. Unplugged: Revenue Recognition: Cultural Arts

      Instructor: Jim Croft, Brian Zygmunt
      Track: Accounting & Auditing
      Knowledge Level: Intermediate
      Field of Study: Accounting
      CPE Credits: 1.0

      This unplugged session is intended to be interactive and will focus on the revenue recognition issues that face cultural organizations.

      Learning Objectives:

      • Identify the key cultural organization revenue streams impacted by the new revenue recognition accounting guidance
      • Assess the related impact of the revenue recognition standard on cultural organizations