Guided Tour of the Exempt Organizations Financial World (Audit/Financials/ Revenue)

Description

Presentation will focus on the financial and tax reporting requirements / issues of all different types of exempt organizations, big and small. Instructors will compare and contrast the exempt organization financial (GAAP) and tax (Form 990) reporting issues from a number of different perspectives.

Highlights

*   Key Definitions

*   Exempt Organizations Universe

*   Key EO Concepts (e.g. public disclosure/regulatory oversight)

*   General Audit Considerations (e.g. purpose/scope/planning/internal controls/materiality/independence/related party transactions/risk management/going concern/management letters)

*   GAAP Financial Statements

*   Contributions Revenue (from both a GAAP and Form 990 perspective)

*   Exchange Transactions (from both a GAAP and Form 990 perspective)

*   Agency Transactions (from both a GAAP and Form 990 perspective)

*   Form 990 in-class project 

Objectives

Presentation will be very interactive and will very much focus on providing practical real-world advice and guidance.

Designed For

Practitioners, accountants, attorneys who have exempt organization clients; individuals who sit on boards of exempt organizations; individuals who work for exempt organizations in a financial capacity.