Webcast: Accounting for Nonprofit Board Members (XCNPABM17)
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Serving on the board of a nonprofit organization can be exciting and fulfilling. But unique FASB standards for nonprofits can make reading financial statements an exercise in frustration. Being a board member can also lead to personal liability if the organization's policies and procedures are not set up properly and monitored effectively. Examine the core principles and practices of nonprofit accounting as well as risk management best practices and what questions to ask your organization to pro

 Export to Your Calendar 8/3/2017
When: 08/03/2017
10:30 AM until 1:00 PM
Where: Webcast
CALCPA
4173124B
United States
Presenter: Anne Freiermuth, CPA


Online registration is available until: 8/1/2017
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Acronym XCNPABM17
CPE 3 hours
Vendor CalCPA
Category
Government/Nonprofit A&A
Level Beginning
Prerequisite None
Adv Prep None
Yellow Book? No
Designed for CPAs and accounting professionals who want to be prepared for board service and others involved in the financial or administrative aspects of not-for-profit organizations who work with board members.
Registration
Member $90
CPA Non-Member $140

The Member rate applies to LCPA members, other 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.

Course Description

Serving on the board of a nonprofit organization can be exciting and fulfilling. But unique FASB standards for nonprofits can make reading financial statements an exercise in frustration. Being a board member can also lead to personal liability if the organization’s policies and procedures are not set up properly and monitored effectively. Examine the core principles and practices of nonprofit accounting as well as risk management best practices and what questions to ask your organization to protect leadership.

Materials are provided as an ebook.

Objectives

  • Identify accounting and reporting differences between for-profit and not-for-profit organizations.
  • Determine fundamental accounting rules of not-for-profits and common accounting errors.
  • Identify board member responsibilities and potential risk areas for board member liability.

Major Topics

  • Nonprofit GAAP
  • Common accounting errors
  • Risk management