Stay current with this deep dive into accounting for and auditing nonprofit revenue streams. This course will review recent new standards and consider them with case studies during this course. The case studies will include familiar and complex situations and audit techniques to identify potential misstatements.
Pledges and contributions. Restrictions and conditions. Special concerns with governmental funding. Donated goods and services. Special events. Revenues earned through sales and services to customers.
Familiarity with accounting requirements for nonprofits and generally accepted auditing standards.
CPAs, auditors, accountants and financial professionals that work in or with nonprofits.
Recognize financial statement presentation requirements for nonprofits. Learn about how to account for and disclose COVID-related assistance and risks. Learn about the new grant accounting guidance in ASC 606 and gifts-in-kind standard. Plan for changes required by the new revenue recognition and lease accounting standards. Consider methodologies for cost allocation for the functional presentation and grant accounting needs. Identify accounting challenges for nonprofits. Identify audit issues unique to nonprofits.
B Ordeneaux, Partner, Audit, Armanino LLP (CA)
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.
Non-Member Price $119.00
Member Price $89.00