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Live Webinar

90-minute live streaming program
  • September 13
  • 1:00 - 2:30 pm EST

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OnDemand Webinar
Audio & Reference Manual

Nonprofit Accounting for Contributions and Pledges

September 13

What are your intentions? Earn the trust of your donors and supporters through reporting transparency and accountability.

In this day and age, it is essential for nonprofit professionals to have a basic understanding of accounting as it relates to contributions and pledges. The knowledge gained from this timely topic will help you to account for every dollar taken in, and to report accurately and completely on how each is used. By preserving the financial integrity of your organization, you will earn the trust of your supporters. This important topic will provide an introduction to contributions, agency transactions, donor imposed restrictions, conditions, and accounting for long-term promises to give. It will also touch on the basics of financial statement presentation.

Learning Objectives

- You will be able to describe the impact of donor imposed restrictions vs. conditions on revenue recognition.

- You will be able to identify an exchange transaction vs. contribution.

- You will be able to recognize how to value and record long-term promises to give.

- You will be able to review and record agency transactions.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Is a Contribution?
  • Define
  • Exchange Transaction vs. Contribution
  • Impact on Revenue Recognition
  • Examples
Agency Transactions
  • Define and Provide Examples
Donor Imposed Restrictions vs. Conditions
  • Donor Imposed Restrictions
  • Conditions
  • How to Distinguish Between a Condition or a Restriction
  • Examples
Long-Term Promises to Give
  • Recording
  • Determining Fair Value
Financial Statement Presentation
  • Overview Including Changes Required for Nonprofits
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • CPE 1.8 including Auditing 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Auditing for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Auditing for 1.5 hours.
     

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for accountants, executive directors, officers, controllers, CFOs, finance directors, tax managers and tax preparers.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Marie C. Caputo, CPA, CGMA, CGFM

Marie C. Caputo, CPA, CGMA, CGFM

CliftonLarsonAllen

  • Principal in CliftonLarsonAllen’s Greenbelt, Maryland office
  • CliftonLarsonAllen is a national accounting firm with more than 100 offices across the country
  • Growth network and operational leader of the firm’s nonprofit practice, which includes more than 8,000 nonprofit clients
  • More than 25 years of experience
  • Conducts regular presentations and writes articles on topics relevant to the nonprofit industry
  • Co-chair of the not-for-profit committee of the Maryland Association of CPAs
  • FASB Resource Group member
  • Member of relevant professional organizations such as the American Institute of CPAs, American Society of Association Executives and InsideNGO
  • Recognized as a SmartCPA by the Washington SmartCEO magazine
  • B.S. degree in accounting, University of Maryland, College Park
  • Can be contacted at 301-931-2050 or marie.caputo@claconnect.com
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Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 404085
Published 2016, 2018
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