Date: May 18 - 19, 2023
Time: 8:30 a.m. – 12:10 p.m. PT
CalCPA's annual conference brings together industry and public accounting experts to deliver timely updates surrounding the nonprofit market. Engage with speakers who lead sessions covering topics ranging from new and developing tax issues to effective controls and private endowments. You'll gain a renewed understanding of pertinent accounting, audit, legal, tax and regulatory updates relevant to this sector.
CPAs, CFOs, controllers, executive directors, attorneys and financial staff who work in a not-for-profit organization, CPAs who audit or prepare financial statements for not-for-profit organizations and nonprofit board members who want a better understanding of financial issues facing their organizations.
Basic understanding of not-for-profit organizations.
Determine the latest standards and technical requirements facing not-for-profit organizations
Identify answers to key tax and accounting questions related to nonprofits
Recognize issues that could affect operations and profitability
The accounting profession is constantly evolving, and it is important to stay up-to-date with the latest trends and changes. In this session, we will explore what's happening now and in the future of the accounting profession, including enrollments in accounting schools, entering into the profession, recruitment and hiring challenges, and engagement with people entering the profession.
Join us for a session exploring important tax updates from the US Department of the Treasury, Congress, and the IRS and its implications for tax-exempt organizations. We’ll address the changing tax landscape and provide insight into recent tax rulings and updates, the state of the IRS, and potential changes under President Biden’s administration and well as congressional guidance and several other key topics.
With the “great resignation” looming and people seeking full remote or hybrid work arrangements, has your firm fully leveraged digital technologies like automation (to reduce the volume of hours required to complete work), client portals/collaboration apps (to streamline communication and exchange of information and files), e-marketing (to automate the sharing of information to clients and find new clients), and employee engagement (to expand the firm’s culture into the digital sphere and have better awareness of employee that may be at risk). Digital transformation can take a “phoenix” or “evolutionary” approach—the path you take depends on your risk appetite, budget, and business strategy. Attend this non-technical session to figure out which digital technologies you should be looking at and which transformation strategy may be the right one for you.
Environmental, Social, and Governance (ESG) issues are increasingly important for companies and investors, and they are transforming the accounting profession. In this session, we will explore the role of ESG in accounting, including an introduction to ESG, common ESG accounting standards, regulatory updates, and the impact of ESG on CFOs at non-profit organizations. You will have a solid foundation for understanding the latest developments in ESG accounting and reporting, as well as practical knowledge for navigating the changing landscape. This session will provide you with valuable insights and guidance to help you succeed in the ESG era.
In this session, the FASB's lead staff member for not-for-profits will discuss the latest developments in US GAAP that affect not-for-profit organizations. The session will focus on: new standards (ASUs); implementation issues for recent standards (leases, credit losses); and FASB projects in the pipeline. We'll leave time for your questions, so please bring them!
Multiple Sessions to Select from
Overview of the updates to the Form 990 series forms for 2022 and through the lens of the paid preparer. Highlights of the updates to the Forms, and ongoing frequent issues with gathering information from taxpayers and disclosure items which trip up paid preparers and their clients.
The past several years has seen a seismic shift in the “Present of Work”. While these new work models offer many benefits, they can also present unique challenges when it comes to engaging and motivating employees. In this session, we will explore strategies and best practices for engaging employees in a remote environment.
In this session, we will explore the different types of tax-exempt and philanthropic vehicles, taxable nonprofit corporations, and philanthropic LLCs. We will discuss the major differences in governance, tax treatment, and regulatory oversight and restrictions among these different entities.
In this session important updates for 2023 audits performed under Uniform Guidance will be covered. Additionally, activities of standard-setting bodies and regulators that impact the single audit environment, and how they can affect your audit practice will be reviewed. By the end of the session, you will have increased awareness of the key updates, trends, and best practices to stay current in the dynamic world of single audit compliance.
Multiple Sessions to Select from
In this session, we will take a deep dive into leases and cover examples, calculations, journal entries, financial statement presentation and disclosures, as well as tips for adoption and implementation. By the end of the session, you will have a deeper understanding of lease accounting and how to implement it effectively in your organization.
Most tax-exempt organizations are required to publicly disclose their Form 990. Within the Form 990 is a wealth of information about each organization's exempt purpose activities, governance, policies & procedures, in addition to their financial health. In this webinar, we will outline the parts of the Form 990 and explain how to capture this information from the readily available Form 990.
This session will cover the basics in identifying an unrelated business activity. The session will dive into the sponsorships, joint ventures and rental property activities. At the end we will cover the 2022 updates to the Form 990-T.
This session will update attendees on the current activities of the Auditing Standards Board, including a discussion on the recently effectuated standards and how they will impact planned audit procedures and reporting practices.
Multiple Sessions to Select from
Form 990 can be a complex document to navigate, and there are common pitfalls that organizations should watch out for. In this session, we will provide an overview of Form 990, including what to look for, common pitfalls, and examples of good and bad Form 990s. In this session, we will provide an overview of Form 990, including what to look for, common pitfalls, and examples of good and bad Form 990s.
In this session we’ll discuss Accounting Standards Codification (ASC) 842, Leases, including a high-level understanding of the standard. We will walk through lessons learned from the implementation of this standard and discuss best practices to implement the standard correctly.
This session is designed to provide some of the fundamentals that are specific to the revenue recognition and the financial reporting requirements for nonprofit entities. These areas are different than other types of entities and the objective is to provide an overview and education on these differences.
CalCPA would like to thank our sponsors for their generous support in helping make this event a success. Learn more about them by clicking on their logo below.