Instructor
Tony Cuozzo
Instructor
Tony is a member and former chair of Coastal Peer Review, an entity formed January 1, 2021 by the Maryland Association of CPAs and the North Carolina Society of CPAs to administer peer reviews of CPA firms in Maryland and North Carolina. Prior to the creation of Coastal Peer Review and as then Chair of the Maryland Association of CPAs Peer Review Committee, he testified annually before the Maryland State Board of Public Accountancy about the effectiveness of the AICPA peer review program then administered in Maryland by the Maryland Association of CPAs.
Do you know what makes not-for-profit accounting and financial reporting different? Avoid the potholes of confusion and provide a financial picture that end users can truly understand. Through a combination of practical guidance and case studies, this course provides insight into what makes not-for-profits different.
When you complete this course you will be able to:
• Identify the impact of the FASB Standards impacting not-for-profits.
• Identify the unique aspects of the not-for-profit environment.
• Apply the unique not-for-profit accounting and reporting requirements, including revenue recognition and expense reporting.
• Recall ways to perform more effective audits of not-for-profit organizations with better knowledge of not-for-profit accounting and reporting requirements.
• Core elements of financial reporting
• Exchange transactions, contributions, and gains and losses
• Accounting for expenses
• The not-for-profit environment and performance measures
None
Professionals working with or in the not-for-profit environment