The start date for this course has passed. Registration is no longer available.
Learn about the state of the Massachusetts nonprofit sector in 2021 and its work on behalf of people across Massachusetts. We’ll also discuss its response to the myriad challenges of 2020 and its outlook going forward.
Learn recent developments in Generally Accepted Accounting Principles (GAAP) that are noteworthy for nonprofits. We’ll discuss new standards, especially ASU 2020-07 on contributed nonfinancial assets (gifts-in-kind); implementation matters for recent standards, especially Leases (Topic 842); other significant accounting and reporting matters, especially involving various CARES Act programs; and current projects in the FASB’s pipeline.
The COVID-19 pandemic has upended the operations and finances of practically all nonprofits, causing them to take steps they would have never contemplated just 12 months ago. Over the past year, nonprofits have found themselves taking out Paycheck Protection Program (PPP) loans, transitioning to remote work and transforming in-person fundraising events to virtual ones. In this session, we’ll address compliance issues involved in obtaining PPP loan forgiveness, employing individuals working remotely from out-of-state and conducting online fundraising events.
In this session, we’ll identify challenges to conducting audits in a remote work environment, assess the impact to the audit plan related to disruption of your client’s control environment and recognize the additional risks that may be present in your engagements due to the effects of the pandemic and remote working. We’ll also identify higher risk audit and accounting matters given impact of COVID-19 and evaluate best practices that you can implement on your engagements.
Go beyond the core Office 365 apps such as Teams, SharePoint and OneDrive! You’ll learn additional ways to power your firm and be introduced to apps, including Planner, PowerBI, OneNote, Bookings and more.
Hear from three Boston area leaders on how the pandemic has impacted their mission and business, learn how they are facing new challenges and planning for 2021.
In this session, we’ll cover the top considerations for your network security while the majority of your workforce is remote. We’ll also discuss creating and enforcing security policies, identifying anomalous user activity, eliminating threats caused by misconfigurations and much more.
Review accounting and disclosure guidance for funding received under the CARES Act, grants and contributions and collections. We’ll also discuss the new guidance on in-kind contributions and examine considerations for nonprofit management and their auditors.
Discuss the recent changes to the compliance supplement and those that are proposed for the Uniform Guidance, hear an overview of the recent changes to the Yellow Book and more.
Discuss how nonprofits can handle fundraising during the COVID-19 pandemic and examine why charitable organizations should consider expanding their fundraising and mission reach. We’ll examine why now is an opportune time to launch formal annual and planned giving programs and specific methods of giving that are more attractive in light of the current low interest rates, historic trends of giving in turbulent times, the SECURE Act and the CARES Act. We’ll also cover why taking on the position of a thoughtful advisor is a strategy that will prove to be successful.
Take your organization from a current budget snapshot to a dynamic future-focused model to help drive decisions and respond to uncertainties. We’ll discuss some of the key tools in planning and some best practices associated with each, including budgets, forecasts, projections and scenario planning. Plus, we’ll review ways you can start to partner within the business to help meet your organization’s objectives.
Review what steps you should take to position your organization before, during and as we leave a recession. We’ll also examine how to recognize the recessionary cycles and the impact on nonprofits, discuss what your organization can do to thrive during a recession and practical tools and techniques you can use to give your nonprofit a competitive advantage.
This conference qualifies for the Workforce Training Express Fund program. The course code for this program is 1122807. Click here for more details: https://www.mscpaonline.org/cpe/training_fund