Nonprofit A&A Series: Session 1-Updates of New Standards WEBCAST

Tuesday, June 14 12:00pm - 2:00pm PDT

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2.0 Credits

Member Price $89.00

Non-Member Price $119.00

Overview

Stay current in the nonprofit world by discussing recent changes and requirements for nonprofit accounting and auditing. This year’s course will include a section covering the recognition and presentation of COVID-related transactions and uncertainties in the nonprofit context, as well as new audit and accounting standards that will affect nonprofit organizations.

Highlights

A recap of revenue recognition (606) and grant accounting (ASU 2018-08) implementation with a focus on challenging areas. Gifts-in-kind-New standard and review of valuation concerns. COVID impact on nonprofit organizations-Financial statement disclosure considerations and accounting for Federal assistance or programs continuing to impact accounting. New audit standards and their impact on communications with nonprofit management and those charged with governance. Refresher regarding the new lease standard.

Prerequisites

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

Designed For

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

Objectives

Consider how to account for and disclose ongoing transactions from COVID-related assistance. Learn about the gifts-in-kind standard. Consider the impact of the new audit standards on communications with audit committees and board members. Plan for changes required by the new lease accounting standard.

Preparation

None.

Notice

None.

Leader(s):

Leader Bios

B Ordeneaux

Renee Ordeneaux has more than 25 years of experience in public accounting and in industry, including various management roles within several nonprofit organizations, from membership director to CFO. She is a partner at Armanino LLP, the largest accounting firm based in California, where she provides audit and tax services to a broad range of nonprofit groups, including social services organizations, health clinics, religious congregations, mentoring programs and foundations. Prior to RBZ’s merger with Armanino, she led RBZ’s audit practice. She serves on the Armanino quality control committee and nonprofit practice group. Ordeneaux volunteers her time with various nonprofit organizations, and is treasurer of the Theodore Payne Foundation, an organization promoting the use of California’s native plants in landscapes, and the board chair of Upward Bound House, which provides supportive housing services to homeless families. She is a former board president and treasurer of the Los Angeles Junior Chamber of Commerce. She is a frequent speaker on nonprofit accounting and finance issues, and taught nonprofit accounting in the UCLA Extension accounting program for five years. Ordeneaux has a bachelor’s degree in English literature from the University of Texas, Austin, and a master of business administration from the Anderson School of Management at the University of California, Los Angeles (UCLA). She is a member of the AICPA and CalCPA.

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Non-Member Price $119.00

Member Price $89.00