Nonprofit A&A Series Part 1: Financial Statement Presentation & Disclosure 2024

Objectives:

• Learn about unique rules related to nonprofit organizations regarding revenue, investments, endowments and split-interest arrangements • Learn about different presentation options for the key statements, board-designated reserves, restrictions on net assets, and liquidity disclosures • Identify areas in which disclosure may not be adequate, particularly given the new audit standard on disclosure • Learn about some unique reporting or disclosure options, particularly around non-operating activities

Major Topics:

• Overview of required financial statements • Unique considerations in the nonprofit environment • Presentation options for reserves, restrictions, functional expenses and liquidity.• Common pitfalls and little-known alternatives • Recognize financial statement presentation requirements for nonprofits

Major Topics:

• Overview of required financial statements • Unique considerations in the nonprofit environment • Presentation options for reserves, restrictions, functional expenses and liquidity.• Common pitfalls and little-known alternatives • Recognize financial statement presentation requirements for nonprofits

Designed For:

CPAs, auditors, accountants and financial professionals working in nonprofit organizations.

Prerequisites:

Familiarity with accounting requirements for nonprofits and generally accepted auditing standards (GAAP).