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Monday, October 28, 2019 Live

Governmental and Not-for-Profit Annual Update (E1910161)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

APA Hotel Woodbridge

120 Wood Avenue South
Iselin , NJ 08830

8 CPE Credits in AA

OVERVIEW

Change is inevitable and at times overwhelming if you are unprepared. Ensure you are current in governmental and not-for-profit accounting and auditing. This update course is designed to prepare you for the latest accounting and auditing developments affecting governments and not-for-profits and give you the tools and knowledge to implement the new standards.

DESIGNED FOR

Accounting and finance personnel responsible for accounting and financial reporting for governments and nonprofits, as well as accounting and auditing

BENEFITS

  • Identify the effect of GASB statements on accounting and financial reporting for state and local governments.
  • Identify how FASB's accounting updates affect not-for-profit financial statements.
  • Apply FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments -Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, to an example financial instrument.
  • Identify the requirements of recently issued Statements on Auditing Standards (SASs).
  • Identify changes to the AICPA Code of Professional Conduct that affect governments and NFPs.
  • Identify changes made in the Government Auditing Standards 2024 Revision.

HIGHLIGHTS

  • GASB update
  • Not-for-profit accounting update
  • Revenue recognition in not-for-profits
  • FASB’s lease standard
  • FASB update
  • Auditor’s report and conforming changes
  • Auditing Standards Board update
  • Governmental auditing update

COURSE LEVEL

Update

PREREQUISITES

Basic knowledge and experience in governmental and nonprofit accounting and audit.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • Qualifies for Yellow Book Credit

INSTRUCTOR

Frances McKenna

Frances E. McKenna

CBIZ

Frances E. McKenna, MBA, EA, came to Marks Paneth after twenty six years of service in the Internal Revenue Service (IRS). At the IRS, Exempt Organizations (EO) were her main focus.

Ms. McKenna was responsible for a number of high profile national programs, including the Affordable Care Act (ACA), International/Foreign Account Tax Compliance Act (FATCA), Referral, Political Campaign Intervention (PCI), Employment Tax, National Research Programs (NRP), Fed/State, and Gaming.

As the manager of the IRS’s EO Compliance Strategy Critical Initiatives (CSCI) program group, Ms. McKenna supervised several high-profile projects, such as Medical Resident FICA, Affordable Care Act (ACA), 501(r), 45R and Post Determination Compliance Program. These included the administration of a large program segment of the Tax Exempt and Government Entities (TEGE) Division. She also served as a lead instructor for newly hired revenue agents in EO and was a certified lead instructor for their leadership management classes.

Ms. McKenna earned her BS in Accounting from St. John’s University and her MBA in Accounting from the University of Phoenix. In her spare time, she enjoys yoga, reading, and attending outdoor events, concerts, and traveling with her family. She also donates her time as the head coach of several youth organizations such as the Firthtown Falcons cheerleading and Firthtown Falcons baseball.

She is based in Marks Paneth’s New York office and resides in Stewartsville, NJ.

PRICING

$279.00 - Member

$379.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

American Institute of CPAs

ALSO QUALIFIES FOR