Nonprofit A&A Series Part 2: Revenue Recognition WEBCAST
Overview
This course is an overview of GAAP requirements for nonprofit organizations and will help you become proficient in nonprofit financial reporting. This session focuses on revenue recognition.
Highlights
Pledges and contributions. Restrictions and conditions. Special concerns with governmental funding. Donated goods and services. Special events. Revenues earned through sales and services to customers, including the application of CECL.
Prerequisites
Familiarity with accounting requirements for nonprofits and generally accepted auditing standards (GAAP).
Designed For
CPAs, auditors, accountants, and financial professionals in nonprofit organizations.
Objectives
Identify the differences between contribution and exchange revenue. Consider the application of the credit loss standard (CECL) to non-profits with earned revenue. Distinguish between restrictions and conditions. Recognize factors to consider in applying the five-step revenue recognition model within a nonprofit. Learn about revenues unique to nonprofit organizations, including agency transactions and split-interest arrangements.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
B Ordeneaux, Partner, Audit, Armanino LLP (CA)
Renee Ordeneaux has more than 25 years of experience in public accounting and in industry, including various management roles within several nonprofit organizations, from membership director to CFO. She is a partner at Armanino LLP, the largest accounting firm based in California, where she provides audit and tax services to a broad range of nonprofit groups, including social services organizations, health clinics, religious congregations, mentoring programs and foundations. Prior to RBZ’s merger with Armanino, she led RBZ’s audit practice. She serves on the Armanino quality control committee and nonprofit practice group. Ordeneaux volunteers her time with various nonprofit organizations, and is treasurer of the Theodore Payne Foundation, an organization promoting the use of California’s native plants in landscapes, and the board chair of Upward Bound House, which provides supportive housing services to homeless families. She is a former board president and treasurer of the Los Angeles Junior Chamber of Commerce. She is a frequent speaker on nonprofit accounting and finance issues, and taught nonprofit accounting in the UCLA Extension accounting program for five years. Ordeneaux has a bachelor’s degree in English literature from the University of Texas, Austin, and a master of business administration from the Anderson School of Management at the University of California, Los Angeles (UCLA). She is a member of the AICPA and CalCPA.
Non-Member Price $129.00
Member Price $99.00