Sessions For June 12

12

Wednesday
7:30AM-8:45AM

NOT1951. Capital Campaigns: Key Issues & Risks

Instructor: Dan Figueredo, Melodie Olson
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Capital campaigns are often transformational for many organizations. However, many accounting and tax issues arise during a capital campaign that you should be prepared to look out for. During this session, we will explore key issues during each of the important phases of a capital campaign, including the planning phase, silent phase, campaign launch, construction period, and after construction is complete. We’ll cover issues like policies and procedures, fundraising solicitations, conflicts of interest, pledge recognition, gift counting vs. accounting, donor restrictions and conditions, in-kind gifts, planned gifts, fixed asset accounting, debt accounting, sales and use taxes, UBIT, financial statement presentation, and more.

Learning Objectives:

  • Distinguish the key stages in a capital campaign
  • Determine common accounting and tax issues associated with capital campaigns
  • Identify what to communicate to development and executive teams regarding important decisions to be made with capital campaigns

12

Wednesday
7:30AM-8:45AM

NOT1952. Audit Data Analytics: Using Data Analytics Tools in Auditing

Instructor: Daniel Cohen-Dumani, Sibi Thomas
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Auditing
CPE Credits: 1.5

The session will cover the use of technology-based audit data analytics by external auditors. The session will highlight AICPA's Guide to Audit Data Analytics and how using data analytics techniques can transform the audit process and enhance audit quality. The session will also cover the benefits of making using of audit data analytics

Learning Objectives:

  • Determine the use of data analytics tools in audits
  • Analyze the application of various data analytical tools audits for efficiency and increased coverage.

12

Wednesday
7:30AM-8:45AM

NOT1953. Independence for Single Audits

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

This session includes a discussion of current independence guidance including the impact of the 2018 Yellow Book on independence.

Learning Objectives:

  • Evaluate impact of independence, including new requirements on single audits
  • Determine how best to document independence for single audits.

12

Wednesday
7:30AM-8:45AM

NOT1954. Top 10 Form 990-PF Reporting Errors

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

This session will provide a very practical overview of the 10 most significant and common private foundation reporting and operational errors made by managers. This session is designed to be interactive, soliciting comments and input from attendees.

Learning Objectives:

  • Determine common Chapter 42 private foundation errors and excise tax penalty triggers
  • Analyze penalty abatement and corrections for private foundation managers and practioners

12

Wednesday
7:30AM-8:45AM

NOT1955. Common Tax Errors in Employee Compensation and Benefits

Instructor: Eddie Adkins, Jeffrey Martin
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

This session will feature speakers who have specialized in the taxation of employee compensation and benefits for a combined total of over 40 years. During this session, the speakers will share the most common mistakes they have seen over the years in correctly applying rules that govern the taxation and reporting of compensation and benefits. The session will also include a discussion of how to correct errors when they are discovered.

Learning Objectives:

  • Identify common errors in the tax treatment of employee compensation and benefits, such as applying FICA and income taxes at the wrong time for deferred compensation
  • Calculate penalties associated with employee compensation and benefits tax errors
  • Select acceptable methods to correct employee compensation and benefits tax errors

12

Wednesday
7:30AM-8:45AM

NOT1956. Stay Ahead of Cybersecurity Breaches & Off the Media's Radar

Instructor: Kevin Villanueva
Track: Accounting, CGMA
Knowledge Level: Intermediate
Field of Study: Information Technology
CPE Credits: 1.5

Dealing with cyber threats is increasingly becoming a day-to-day occurrence in today's business world. This session will cover some of the most prevalent cyber threats and challenges affecting NFP organizations, and what can be done to minimize the risk of a breach and not become the next big cyberattack news.

Learning Objectives:

  • Identify the attack vectors used by cyber criminals in their attempts to compromise networks and systems.
  • Identify ways to proactively defend against cyber attacks to keep data secured.

12

Wednesday
7:30AM-8:45AM

NOT19UP12. Unplugged: Speak Your Mind: Finance

Instructor: Laurie DeArmond, Arun Sardana
Track: CGMA
Knowledge Level: Intermediate
Field of Study: Finance
CPE Credits: 1.5

A highly interactive and engaging conversation curated by the audience in this fun way to identify and address some of the major finance related challenges impacting nonprofits today. The audience will ask and answer the questions in a true collaborative session that will keep everyone engaged and enriched with latest issues affecting nonprofit finance leaders and how they are solving them.

Learning Objectives:

  • Identify the major finance related challenges impacting nonprofits today.
  • Determine how nonprofits can successfully address these issues.
  • Apply practical solutions employed by your peers.

12

Wednesday
9:05AM-10:20AM

NOT1957. ASU 2016-14 Lessons Learned from Implementation

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

This session will provide implementation tips, examples, and best practices for the adoption of ASU 2016-14, Presentation of Financial Statements of NFP Entities. Through the sharing and discussion of examples, the session is designed to assist entities implement the standard in a manner that is most meaningful to their operations and helpful to the users of their financial statements.

Learning Objectives:

  • Identify techniques and specific examples that will improve an NFP's financial statement presentation in conjunctions with the adoption of ASU 2016-15
  • Identify best practices for implementing the new guidance

12

Wednesday
9:05AM-10:20AM

NOT1958. Fraud: How it Happens and How to Protect Your Organization

Instructor: Karen Meissner, Ashley Whitaker
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Specialized Knowledge
CPE Credits: 1.5

This session will cover recent frauds affecting the nonprofit community and how they could have been prevented. This session will also highlight segregation of duties for organizations of all sizes - using using the AICPA 2, 3, 4 person office model.

Learning Objectives:

  • Determine relevant fraud risks within a not-for-profit organization.
  • Identify how appropriate segregation of duties can limit the opportunity for fraud.

12

Wednesday
9:05AM-10:20AM

NOT1959. Document, Document, Document!

Instructor: Diane Edelstein, Rachel Flanders
Track: Yellow Book
Knowledge Level: Intermediate
Field of Study: Auditing (Governmental)
CPE Credits: 1.5

This session will cover documentation requirements for a single audit and provide examples of how auditors can provide proper evidence of their work. Areas covered will include documentation related to planning, performing, evaluating, reviewing, and reporting in the single audit.

Learning Objectives:

  • Identify common documentation concerns raised by reviewers and regulators
  • Determine how much documentation is required to support your single audit work

12

Wednesday
9:05AM-10:20AM

NOT1960. Tax Exempt Bonds

Instructor: Richard Newman, TBA
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

12

Wednesday
9:05AM-10:20AM

NOT1961. Lobbying Issues: Tax and Lobbying Disclosure Compliance

Instructor: John Pomeranz
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

This session will cover the different legal regimes that govern lobbying activity for nonprofits, including 501(c)(3) tax law rules, rules for other 501(c)s, and federal and state lobbying disclosure laws.

Learning Objectives:

  • Distinguish tax reporting for electing c3s, non-electing c3s, and other 501(c)s
  • Contrast regulation under federal lobbying disclosure act • Identify related state and local disclosure issues
  • Identify related state and local disclosure issues

12

Wednesday
9:05AM-10:20AM

NOT1962. Doing Well & Doing Good: Myths & Realities of Impact Investing

Instructor: Arun Sardana
Track: CGMA
Knowledge Level: Intermediate
Field of Study: Finance
CPE Credits: 1.5

Socially Responsible Investing (SRI) or the act of excluding 'sin' stocks isn't a new concept for non-profit clients seeking impact through their investment portfolio. Over the past decade, this values-based investing approach has evolved from weeding out the offenders in the portfolio, to making an active decision to include Environmental, Social and Governance (ESG) factors into the investment decision process. Yet, despite its gaining popularity, ESG investing has not been widely adopted by non-profit organizations because of certain myths and beliefs. While many organizations express interest in values-based or ESG investing, they do not have a clear understanding of how they can achieve both mission alignment and targeted financial returns within their portfolios.

Learning Objectives:

  • Recognize how aligning the investment portfolio with the organization's mission can be a powerful stakeholder message
  • Determine how not-for-profit organizations can implement an ESG without sacrificing returns
  • Identify practical ways to implement an ESG portfolio and to measure the impact

12

Wednesday
9:05AM-10:20AM

NOT19UP13. Unplugged: Revenue Recognition: Membership

Instructor: John Griffin, Stuart Miller
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

This interactive unplugged session will facilitate discussion on applying the revenue standard to the various aspects of membership revenue.

Learning Objectives:

  • Identify issues and distinct components of membership revenue and their related treatment.
  • Learn from peers regarding best practices and practical application in applying the revenue standard to membership related issues.

12

Wednesday
9:05AM-10:20AM

NOT19UP14. Unplugged: CFO in the Round

Instructor: Michael Forster, John Kroll, Carolyn Mollen
Track: CGMA
Knowledge Level: Intermediate
Field of Study: Specialized Knowledge
CPE Credits: 1.5

Participants will join three finance professionals in an interactive discussion regarding the many opportunities and challenges facing the nonprofit sector.

Learning Objectives:

  • Identify and discuss the myriad of challenges facing CFOs today.
  • Apply proven best practices used by your peers.
  • Select strategies to help mitigate the areas which challenge your organization.

12

Wednesday
10:55AM-12:10PM

NOT1963. Blockchain Regulatory Update

Instructor: Daniel Figueredo
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Auditing
CPE Credits: 1.5

Learn about the latest updates on regulations for blockchain companies. We will discuss the latest views on regulations from federal and state agencies regarding ICOs, token sales, money transmitter laws, the Bank Secrecy Act, anti-money laundering laws, and other regulations.

Learning Objectives:

  • Identify the latest regulations on blockchain technology
  • Determine the latest views from regulatory agencies
  • Recognize how these regulations are relevant to your organization

12

Wednesday
10:55AM-12:10PM

NOT1964. Contributions: Accounting Dos and Don'ts

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

With all of the upcoming revenue recognition changes occurring in the industry, including ASU 2018-08 on contributions and grants, now is the time to discuss one of the most significant items in a NFP financial statement - contributions. Contributions can vary widely based on the type of NFP, fundraising techniques and donor sophistication. In addition, donor restrictions, conditions, planned giving/split interest concepts, and misunderstandings within the internal team (Development vs. Accounting) may add further complexity. This session will walk through several contribution concepts and examples to pride 'do' and 'don't' suggestions for your NFP.

Learning Objectives:

  • Apply technical accounting concepts to contributions within their NFP
  • Determine proper treatment of various types of gift instruments
  • Use the skills learned to improve the understanding of contribution complexities within their NFP

12

Wednesday
10:55AM-12:10PM

NOT1965. Peer Review Update - Governmental Must-Select Training Requirement (Part 1)

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

This session (in conjunction with the related 'Part 2' session) meets the annual training requirement for reviewers of governmental engagements. It may also be of interest to those who perform firms' internal inspections and others who wish to learn more about peer review findings in this area. Recent changes in peer review guidance related to governmental engagements as well as other key items related to peer reviewing these engagements will be covered. Note: both Parts 1 and 2 must be attended to meet the annual peer review training requirement for reviewers of governmental engagements.

Learning Objectives:

  • By the end of the session, you will be able to identify common findings related to governmental engagements found in peer reviews and enhanced oversights, apply best practices when performing reviews of governmental engagements and recognize how recent changes in peer review guidance impact the reviews of these engagements. Although the session is designed for peer reviewers of engagements subject to Government Auditing Standards, non-peer reviewers looking to learn more about peer review may benefit as well.

12

Wednesday
10:55AM-12:10PM

NOT1966. Quality is Never an Accident - Focusing Efforts in Single Audits

Instructor: Diane Edelstein, Erica Forhan
Track: Yellow Book
Knowledge Level: Intermediate
Field of Study: Auditing (Governmental)
CPE Credits: 1.5

We'll discuss common audit quality issues, regulator and peer reviewer perspectives, and most importantly - how to plan for quality!

Learning Objectives:

  • Recognize the danger areas and threats to maintaining audit quality
  • Evaluate effective means to combat those threats
  • Develop action steps you can apply to maintain or improve your single audit quality

12

Wednesday
10:55AM-12:10PM

NOT1967. International Tax Compliance for Nonprofits

Instructor: Jennifer Becker Harris
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

Schedule F of the Form 990 has a list of trigger questions related to potential foreign filing an exempt organization may need to file with the Form 990 or Form 990-T, however, there are not clear instructions for when the filings will apply. Furthermore, many of the US international tax provisions do not contemplate exempt organizations and thus reviewing the foreign filing instructions can be difficult to understand when a filing is needed. This session is meant to help organizations and practitioners understand when US filings are required. In addition, the session will cover the TCJA 2017 and how GILTI and the changes in the controlled foreign corporation may affect the reporting obligations of organizations with foreign investments (including foreign program entities). We will briefly cover the rules under Sec. 965 for fiscal year end taxpayers.

Learning Objectives:

  • Understanding of the foreign filing requirements for organizations (FBARs, Forms 5471, 8865, 8858, 8621, etc)
  • Identify planning ideas for organizations to consider when making foreign investments or operating abroad from a US tax perspective.

12

Wednesday
10:55AM-12:10PM

NOT1968. Making Good Decisions Faster With Data Tools

Instructor: Carolyn Mollen, Hilda Polanco, TBA
Track: CGMA
Knowledge Level: Intermediate
Field of Study: Specialized Knowledge
CPE Credits: 1.5

It’s not about more data – it’s all about meaningful data. Organization’s need to concentrate on metrics and performance indicators that measure mission effectiveness and financial health. Join three not-for-profit finance professionals to learn how to effectively convert data into action!

Learning Objectives:

  • Identify the advantages and challenges associated with data-driven decision making
  • Utilize a multi-step process to utilize data in decision making
  • Learn how to create a data-driven decision making culture
  • Select various data savvy tools to effectively extract, analyze and present information to key decision makers

12

Wednesday
10:55AM-12:10PM

NOT19UP15. Unplugged: 990 Review From a Variety of Perspectives

Instructor: Betsy Krishner, Dick Locastro, Brian Yacker
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

This unplugged session will utilize small groups to analyze a mock 990 and evaluate the impact of the Form on Board members, donors, regulators, and charity watchdogs. Small Group findings will be shared with the entire session.

Learning Objectives:

  • Evaluate the impact of a Form 990's contents as a public document on a variety of nonprofit stakeholders
  • Develop means to better communicate an organization's story with the Form 990

12:10PM-1:10PM

12

Wednesday
1:10PM-2:25PM

NOT1969. A&A Ask the Experts

Instructor: Chris Cole, Sue Budak, Laurie DeArmond, Jen Hoffman, Stuart Miller
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Accounting, Auditing
CPE Credits: 1.5

Ask questions to the A&A experts! Our experts will address any questions you may have and discuss technical issues that have surfaced over the past few years.

Learning Objectives:

  • Apply lessons learned from issues faced by others in practice.

12

Wednesday
1:10PM-2:25PM

NOT1970. Advanced Single Audit Questions

Instructor: Diane Edelstein, Rachel Flanders, Mary Foelster
Track: Yellow Book
Knowledge Level: Intermediate
Field of Study: Auditing (Governmental)
CPE Credits: 1.5

This session is intended to provide you with an opportunity to ask your advanced single audit questions. Additionally, the speakers will walk you through various advanced single audit situations that they get asked about on a regular basis.

Learning Objectives:

  • Determine how to resolve practitioner challenges within the Uniform Guidance
  • Identify guidance in the Uniform Guidance to mitigate challenging single audit issues
  • Determine how to implement complex Uniform Guidance provisions

12

Wednesday
1:10PM-2:25PM

NOT1971. Association Tax Issues and Updates

Instructor: Lauren Haverlock, Sarah Llewellyn
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

Tax exempt associations face unique issues related to their tax exemption. Associations can be complex, multi entity structures that represent the intersection of nonprofit, for-profit and charitable interests. Some are simpler. Whatever the case may be, we will discuss the following areas that impact all associations:
- Common structures for associations and benefits/drawbacks of each
- Lobbying, the proxy tax, and how the TCJA impacts an organization's lobbying calculation
- Unrelated business income from exploited activities, including advertising online and in periodicals
- Taxability of income received from controlled entities
- Royalty and fee for service income
- Compensation reporting issues and the excess compensation tax under 4960

Learning Objectives:

  • Analyze the various types of associations
  • Understand the complex issues and common pitfalls of multi-entity structures
  • Evaluate how dues are impacted by various types of lobbying activities
  • Compare the common types of unrelated business that an association may have and apply the impacts of the TCJA to associations and their related organizations

12

Wednesday
1:10PM-2:25PM

NOT1972. What DO You Do? Selling Yourself Internally

Instructor: Todd Cohen
Track: CGMA
Knowledge Level: Intermediate
Field of Study: Specialized Knowledge
CPE Credits: 1.5

The premise is simple: We all sell every day with every conversation. This is not sales training – its all about creating a culture where the nonprofit professional sees how they can and MUST sell themselves with every interaction. It's about seeing the vast difference between the negative stereotype of sales and the reality that we all sell and leave impressions that create decisions for or against us, our team and our organizations every day.

Learning Objectives:

  • Recognize that the nonprofit professional sell themselves with every interaction
  • Distinguish between the negative stereotype of sales and the reality that we all sell and leave impressions
  • Apply communication techniques to become an effective leader

12

Wednesday
1:10PM-2:25PM

NOT1973. Financial Sustainability & Reserves Revisited

Instructor: Dennis Gebhardt, John Kroll, Hilda Polanco, Bennett Weiner
Track: CGMA
Knowledge Level: Intermediate
Field of Study: Specialized Knowledge
CPE Credits: 1.5

50% of nonprofits have less than one month of operating reserves. Operating reserves are key to a nonprofit's financial health. Reserves provide organizations with the financial capacity to withstand negative events, self fund large capital expenditures, take advantage of strategic opportunities and to invest in the future.

Learning Objectives:

  • Recognize that financial health is critical to an organization's ability to fulfill its mission
  • Select indicators to measure financial health
  • Identify the appropriate level of reserves for your organization
  • Use policies and procedures to communicate the importance of operating reserves to key stakeholders

12

Wednesday
1:10PM-2:25PM

NOT1974. How to Produce a Sound Benefit Strategy that Delivers Positive Cost Containment Outcomes

Instructor: Anthony Carlozo
Knowledge Level: None
Field of Study: Finance, Personnel/Human Resources
CPE Credits: 1.5

Healthcare premiums continue to spiral out of control - continually rising with no end in sight. During this challenging period, employers have needed to shift all or part of these costs to employees. The fact that wages are starting to rise slowly puts great pressure on a company's workforce. So how do we address this imbalance. This is where CFO's, Controllers, Executive Directors can play a major role - by helping to shape the strategy and evaluate purposeful alternatives to help narrow this gap. In this session, Anthony Carlozo of Trion will present the "playbook" that can enable employers to actually reduce healthcare to overcome this seemingly insurmountable challenge.

Learning Objectives:

  • Understanding current benchmarks and cost data relative to Non Profit Sectors
  • Understanding the elements needed for a sound benefit strategy and approach
  • Determine the most impactful cost containment strategies employers are adopting

12

Wednesday
1:10PM-2:25PM

NOT19UP16. Unplugged: Peer Review Update - Governmental Must-Select Training Requirement (Part 2)

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

This session (in conjunction with the related 'Part 1' session) meets the annual training requirement for reviewers of governmental engagements. It may also be of interest to those who perform firms' internal inspections and others who wish to learn more about peer review findings in this area. Note: both Parts 1 and 2 must be attended to meet the annual peer review training requirement for reviewers of governmental engagements.

12

Wednesday
1:10PM-2:25PM

NOT19UP17. Unplugged: Governance Policies, Potential Conflicts of Interest

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

Conversational and interactive discussion of Form 990, Part VI (Governance) and Schedule L (Interested Parties), including policies and potential conflicts of interest

12

Wednesday
2:40PM-3:55PM

NOT1975. Closing Session

Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.5