|Accounting & Auditing
||Understanding of intermediate accounting theory and practice; experience with and knowledge about the financial operations of a nonprofit organization.
| Who should attend
|| CPAs, attorneys and consultants who work with not-for-profit organizations; CFOs of not-for-profit organizations; and board members and others involved in the financial or administrative aspects of not-for-profit organizations.
The Member rate applies to LCPA members, reciprocal state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.
Not-for-profit organizations is one of the fastest-growing sectors of our economy, making it increasingly important that auditors, attorneys, CFOs and other advisers understand the unique accounting principles and challenges that apply.
Examine the core principles and practices of not-for-profit accounting; review the general characteristics and operational environment of not-for-profit organizations; and discuss how to apply generally accepted standards and principles. You'll also learn risk management best practices and how to present financial statements to the organization's executives and board.
Formerlytitled: Not-for-Profit Organizations: Accounting and Auditing Principles
- Identify accounting and reporting differences between for-profit and not-for-profit organizations.
- Determine fundamental accounting rules of not-for-profits.
- Recognize allocation methodologies and how they impact financial statements and external oversight.
- Identify hidden risk areas for not-for-profits to enhance audit procedures.
- Not-for-profit GAAP
- Expense allocation methodologies
- Risk management
- Accounting errors