Nonprofit A&A Series: Session 2-Financial Statement Presentation & Disclosure

Description

Stay current in the nonprofit world with this review of nonprofit-specific financial statement disclosure requirements and options.

Highlights

• Overview of required financial statements

• Unique considerations in the nonprofit environment

• Presentation options for reserves, restrictions, functional expenses and liquidity.

• Common pitfalls and little-known alternatives

Objectives

• Recognize financial statement presentation requirements for nonprofits

• Learn about unique rules related to nonprofit organizations regarding revenue, investments, endowments and split-interest arrangements

• Learn about different presentation options for the key statements, board-designated reserves, restrictions on net assets, and liquidity disclosures

• Identify areas in which disclosure may not be adequate, particularly given the new audit standard on disclosure

• Learn about some unique reporting or disclosure options, particularly around non-operating activities

Designed For

CPAs, auditors, accountants and financial professionals in nonprofit organizations