Description
This year, not-for-profit entities are preparing to apply critical new standards related to contributions of nonfinancial assets, leases, and more. Now is the time to know more than just what the standards say - we need to know what they mean and how they will affect not-for-profit entities. This course is designed to do just that! The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced working knowledge of the most critical challenges in not-for-profit accounting today.
- Qualifies for Yellowbook CPE
Designed For
Objectives
- Identify the critical changes occurring in not-for-profit accounting today
- Skillfully implement today's most challenging FASB standards affecting not-for-profits
- More effectively audit not-for-profit entities through superior knowledge of key accounting issues
Highlights
- Preparing for the implementation of the new requirements related to contributions of nonfinanciual assets (i.e., ASU No. 2020-07)
- Developing a deeper understanding of the requirements in FASB ASC 842
- Leases, and how not-for-profit entities will implement the standard
- Additional issues in not-for-profit financial reporting
Advanced Prep
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Leaders
Martha Lindley
Martha has over fifteen years experience in public accounting, specializing in governmental entities and not-for-profit organizations, especially those requiring audits under OMB Circular A-133. Her government experience includes state (technical colleges), municipal (county and city) and local (school districts and water districts). Her not-for-profit experience includes social service agencies, housing projects, and foundations. Services include audit, consulting and related tax preparation. She has an extensive background in internal control assessment and fraud/forensic accounting. She is an instructor the American Institute of Certified Public Accountants teaching government and not-for-profit accounting and auditing standards.
Martha's background includes over five years with two of Seattle's top ten largest CPA firms as an audit manager in the government and not-for-profit division. She served fours years as a state auditor, and five years as a controller in private industry.
NATIONAL SPEAKER - Martha is a national speaker for the American Institute of Certified Public Accountants, instructing other CPAs throughout the nation. Her topics include Not for Profit, and Governmental, Accounting and Auditing Standards, Compliance with OMB Circular A-133, and Advanced Auditing of HUD- Assisted Projects.
OMB CIRCULAR A-133 EXPERIENCE - In the past fifteen years, Martha has performed, supervised or managed almost one hundred audits under OMB Circular A-133 and over 500 nonprofit audits. She is proficient in the compliance requirements of numerous federal agencies. She has also performed audits under Washington State governmental compliance. Specialties: Not-for-Profit auditing