November 28, 2023

Live Webcast

4 CPE

Four for Fall Seminar Series: Accounting for Revenues and Expenses in a Not-for-Profit

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    Instructor

    Tony
    Cuozzo

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    Tony Cuozzo Jr., CGFM

    Bio

    Anthony A. Cuozzo, Jr., CPA, is a Senior Advisor to Councilor, Buchanan & Mitchell (CBM) and has over 40 years of experience serving the not-for-profit community, including 501(c)(3) and (c)(6) organizations. Tony is a nationally recognized author and discussion leader for various accounting and auditing courses for CPA firms and state CPA organizations. These teaching assignments keep him abreast of new developments in the accounting profession as well as in business.

    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.

    Professional Qualifications and Education

    • Certified Public Accountant (CPA), Maryland
    • Accounting Graduate, Strayer University

    Professional Associations and Activities

    Awards & Recognition

    • Recognized by the Maryland State Legislature in 2012 for outstanding service to the intellectually, developmentally and/or physically disabled citizens of the State of Maryland who lack the resources to provide for basic dental health care
    • Recipient of the 2019 Max Teichmann Chair’s Award by the Maryland Association of CPAs for his exceptional service and dedication to the Peer Review Program through his work on the MACPA’s Peer Review Committee

Do you know what makes not-for-profit accounting and financial reporting different? This course will cover the requirements under FASB’s financial statement standard and provide insight into what makes not-for-profit financial reporting different, such as accounting for revenues and expenses. This course will train you to clear key hurdles in not-for-profit accounting and reporting in an efficient and effective manner. Avoid the potholes of confusion and provide a financial picture that end users can truly understand.

Learning Objectives

• Identify the impact of FASB Standards impacting not-for-profits.

• Identify the unique aspects of the not-for-profit environment, such as
accounting for revenues and expenses.

Major Topics

• Exchange transactions, contributions, and gains and losses

• Grants and contracts

• Expense accounting and reporting

CPE Credits Available

4 CPE
4
Accounting

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Accounting and Auditing; Accounting & Auditing

Prerequisites

Experience in the not-for-profit
environment

Advanced Preparation

None

Intended Audience

Professionals working with or in
the not-for-profit environment

Provider

AICPA

This event has ended.