Nonprofit A&A Series: Session 2-Financial Statement Presentation & Disclosure WEBCAST

Tuesday, August 9 8:00am - 10:00am PDT

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2.0 Credits

Member Price $89.00

Non-Member Price $119.00

Overview

Stay current in the nonprofit world with this review of nonprofit-specific financial statement disclosure requirements and options.

Highlights

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.

Prerequisites

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

Designed For

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

Objectives

Recognize financial statement presentation requirements for nonprofits. 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.

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