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Non-Profit Accounting: What You Need to Know

Non-Profit Accounting: What You Need to Know

Wednesday, January 30, 2013 at 12:00 pm - 2:00 pm (ET)
Legal
Recording

$99.00 - 2.0 Credit Hours

Registration Option

If CE credit is needed, there is a minimal fee for processing. Please select accordingly. Attorneys who need CLE credit for IL must register 3 days prior to the live event. Registration received thereafter will not qualify for approved CLE credit. For more info, email [email protected].

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Partner Firms

Click firm logo/firm name to learn more

Watson & McDonell, PLLC
Water For People
JMT Consulting Group

Watson & McDonell, PLLC

Watson & McDonell, PLLC, is a CPA firm based in Seattle, Washington. For more than 25 years, we have provided assurance, tax, and accounting services to a broad array of small and medium-sized nonprofit organizations.

 

The not-for-profit sector is the cornerstone of our practice. Our clients include housing and social service providers, arts organizations, educators, and community development organizations. We also have significant expertise with low-income housing government programs, including tax credit engagements, and OMB Circular A-133 audits.

Our seasoned professionals combine years of advanced training, technical experience and financial acumen to provide close, personal attention to our clients.

We are members of the American Institute of Certified Public Accountants, the Government Audit Quality Center, and the Washington Society of Certified Public Accountants.

Website: http://www.watsoncpas.com/

Water For People

Water For People believes Everyone should have improved water Forever. And they want to help them in reaching that goal, for every family, every clinic and every school in the regions and districts where they work.

 

Water For People brings together local entrepreneurs, civil society, governments, and communities to establish creative, collaborative solutions that allow people to build and maintain their own reliable safe water systems. Empowering everyone transforms people’s lives by improving health and economic productivity to end the cycle of poverty.

Website: http://www.waterforpeople.org/

JMT Consulting Group

JMT Consulting Group is an independent technology consulting firm that specializes in cloud-based technologies for nonprofits, including Intacct Cloud Financials. Intacct is the cloud computing financial management and accounting system trusted by leading nonprofits in every area—including charities, trade and membership associations, cultural institutions, charter schools, and faith-based organizations. Intacct has helped thousands of organizations gain control over their finances, improve operations, increase transparency and minimize costs.

Website: http://us.intacct.com/

Speakers
Lillian McDonell, CPA, MBA

Lillian McDonell, CPA, MBAManaging MemberWatson & McDonell, PLLC

Lillian McDonell, MBA, CPA, is the managing partner of Watson & McDonell, PLLC in Seattle. Formed in 1986, Watson & McDonell specializes in audits and tax preparation for...

Lillian McDonell, MBA, CPA, is the managing partner of Watson & McDonell, PLLC in Seattle. Formed in 1986, Watson & McDonell specializes in audits and tax preparation for nonprofits including affordable housing and social service providers, environmental groups, educational institutions, and arts organizations. Lillian has expertise in the low-income housing tax credit and new markets tax credit programs, and audits conducted under OMB Circular A-133 and Government Auditing Standards. She serves on the Audit Review Committee of United Way of King County. Lillian holds a master of business administration degree from the University of Washington.

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Steve Jankowiak, CPA

Steve Jankowiak, CPAAudit ManagerWatson & McDonell, PLLC

Steve Jankowiak, CPA, is an audit manager at Watson & McDonell, PLLC in Seattle. He has over 15 years of experience auditing not-for-profit entities at national as well as...

Steve Jankowiak, CPA, is an audit manager at Watson & McDonell, PLLC in Seattle. He has over 15 years of experience auditing not-for-profit entities at national as well as local firms. His audit portfolio also includes clients subject to OMB Circular A-133, HUD projects and low-income housing tax credit projects. He is an active member of the Washington Society of CPA’s Not-for-Profit Committee and Annual Not-for-Profit Conference Planning Committee. Steve holds a bachelor of arts in accounting from Michigan State University.

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Crystal Ewers, CPA

Crystal Ewers, CPAStockholderWater For People

Crystal Ewers holds a Master of Business Administration in Accounting. She is a Certified Public Accountant (CPA) and member of the American Institute of Certified Public...

Crystal Ewers holds a Master of Business Administration in Accounting. She is a Certified Public Accountant (CPA) and member of the American Institute of Certified Public Accountants (AICPA). Crystal is the Controller for Water For People, a nonprofit working in developing countries dedicated to helping everyone have access to improved water. She has worked in social service nonprofits for over ten years with an emphasis on management accounting, earning her Chartered Global Management Accountant (CGMA) certification in 2012. Crystal’s passion for nonprofit missions coupled with her obsession for “clean” audits provides a unique industry-sympathetic perspective that is sensitive to the ever-changing demands of audits and auditors.

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Jacqueline M. Tiso

Jacqueline M. TisoCEO and founderJMT Consulting Group

Improvements to financial reporting considered by federal boards will significantly change the way nonpublic companies present their firm’s year-end audits. The modifications and changes made will make the audits of financial statements easier to read and understand. These also imply that companies need to conduct an effective internal control to secure compliance. Conducting a staff training and modifying auditing practices is critical in order to address the following key changes:

  • Changes necessary to your company’s financial management systems to support internal control
  • New Accounting Standard Changes
  • Changes to the Auditor’s Standard Opinion, SAS and SSAE No. 16
  • Newly issued AICPA’s Clarity Project
  • Learn the concepts and best practices of having an effective internal control
  • Up-to-the minute regulatory update

Main theme: Tightening federal regulation and audit and accounting standards have created increased focus on internal controls

SEGMENT 1:
Lillian McDonell, CPA, MBA, Managing Member, 
Watson & McDonnell PLLC

Steve Jankowiak, CPA, Audit Manager, 
Watson & McDonnell PLLC

  • Overview of new accounting standard changes – yellow book standards, new accounting standards, mergers & acquistions, Fair value guidance, et al.

SEGMENT 2:
Pamela A. Mann , Attorney, 
Carter, Ledyard & Milburn LLP 
Overall theme: Tax exempt organizations face increased challenges in dealing with the Form 990 as presently constituted.

  • Changes in organizational behaviors that are suggested by questions on the form
  • Increased board involvement in monitoring of the organization’s operations and finances
  • Increased scrutiny on board policies and conflict of interest management
  • Traps for the unwary in completing the Form 990

SEGMENT 2:
Crystal Ewers, CPA, Controller, 
Water For People 
Changes to the Auditor’s Standard Opinion, SAS and SSAE No. 16

  • Clarity Project: Updates for Service Organizations AU-C 402
  • Clarity Project: Updates for Initial Audit Engagements AU-C510
  • Clarity Project: Group Audits AU-C600
  • Clarity Project: Reporting Updates: format, opinion language,
  • Clarity Project: Other Updates and Resources

SEGMENT 3:
Jacqueline M. Tiso, CEO and founder, 
JMT Consulting Group 
Changes to the Auditor’s Standard Opinion, SAS and SSAE No. 16

  • Nonprofits need to show accountability in all facets of their financial management
  • More than ever, financial management systems need to support internal controls, provide transparency to ensure compliance with funders requirements, while accomplishing this with a lower cost and increased ease of use

 

 

This is a must attend event for anyone interested in learning the updates on Non Profit Accounting.

 

  • Detailed guidance explained by the most qualified key leaders & experts
  • Hear directly from experienced practitioners & thought leaders
  • Interact directly with panel during Q&A

Enroll in this course today by clicking the “Register” button below. Advanced registration is recommended as space is limited and significant discounts apply for early birds.

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