• FIN 48: Learn how to implement the new FASB guidelines
  
• The New Form 990—essential information you need to know
  
• Fair Value Accounting Guidance for Not-For-Profits
  
• The Audit and What You Need to Know

Conference Agenda

The Nature of Non-Profits
Purpose & "ownership"
Critical financial concepts
How do we measure success?
Handling contributions the right way: receipt of gifts & restricted gifts

Accounting & Control Specifics You Need to Know!
"Fund" accounting
Accountability & audits
Fiduciary responsibility: The Manager's obligation!
How to carefully monitor finances
Establishing good internal accounting and administrative controls
Reducing the risk of fraud
Disaster Preparedness

The Audit and What You Need to Know
Independent Audits and Audit Committees
Selecting a Certified Public Accountant
Sarbanes-Oxley: Impact on Nonprofits

More Changes & New Standards in Not-for-Profit Accounting!
Recent and future changes in accounting standards
Accounting for Contributions received and computing fair value under SFAS 157
Fair Value Measurements & SFAS 159 The Fair Value Option for Financial Assets and Financial Liabilities
Financial Statement format
Joint cost allocation-Statements of Position
Accounting for Investments, FSP 117-1
Affiliated Entities
SFAS 164 - mergers of nonprofits
Principles and specific factors on navigating tax reporting and disclosure
Study examples of differentiating current reporting from what is no required
Guidelines and suggestions on planning for and implementing FIN 48

The Regulatory Environment
Taxes
Exempt status and its limitations
The New IRS Form 990 for 2009
Beyond technical compliance
Attention to issues where tax law and GAAP may lead to conflicting answers
Regulatory Scrutiny
Avoiding common errors
The public support test
Donor deduction rules
What's new at the OMB related to Federal grants
A-133 compliance requirements

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