Webcast: Not-for-Profit Organizations: Accounting Principles and Risk Management 2024
8.0 Credits
Member Price $255.00
Non-Member Price $340.00
Overview
Not-for-profit organizations are one of the fastest-growing sectors of our economy, making it increasingly important that auditors, attorneys, CFOs and other advisers understand the unique accounting principles and challenges that apply. Examine the core principles and practices of not-for-profit accounting; review the general characteristics and operational environment of not-for-profit organizations; and discuss how to apply generally accepted standards and principles. Also, learn risk management best practices and common accounting errors.
Highlights
- Not-for-profit GAAP
- Expense allocation methodologies
- Risk management
- Accounting errors
Prerequisites
Understanding of intermediate accounting theory and practice. Experience with and knowledge about the financial operations of a nonprofit organization.
Designed For
CPAs, CFOs, attorneys, bankers, board members and consultants.
Objectives
- Identify accounting and reporting differences between for-profit and not-for-profit organizations
- Determine fundamental accounting rules of not-for-profits
- Recognize allocation methodologies and how they impact financial statements and external oversight
- Identify hidden risk areas for not-for-profits to enhance audit procedures
Preparation
None
Notice
Role Level: Executive/VP; Sole Practitioner; Board
Leader(s):
Leader Bios
Anne Denise Freiermuth, CalCPA Education Foundation
Anne Freiermuth has over 20 years of experience working with over 50 nonprofit organizations in the areas of accounting, audit preparation, human resource management, board presentations, and governance policy development.
After graduating with a Bachelor of Arts in Economics from Vassar College in New York, Anne worked for JP Morgan Chase as a credit analyst in Connecticut. Looking for a milder climate and a more personally meaningful career, Anne returned to Los Angeles, where she grew up. She soon began bookkeeping for a tiny nonprofit with a staff office located in the room behind the garage of the board chairman’s home. It was love.
Anne pursued her interest in accounting by taking coursework while working full-time for nonprofit finance departments. She received her Certificate in Accounting from UCLA Extension in 2009. She then became a California-licensed Certified Public Accountant in 2011.
Anne also regularly teaches nonprofit accounting, notably for the California Society of Certified Public Accountants, UCLA Extension, Center for Nonprofit Leadership, The Nonprofit Partnership, American Jewish University and Riordan Leadership Institute.
Anne proudly serves on the board of directors of Los Angeles Conservation Corps.
Non-Member Price $340.00
Member Price $255.00