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Thursday, June 4, 2015 Live

Nonprofit Industry Update and GAAP Refresher (E1506171)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

8 CPE Credits in AA

OVERVIEW

Not-for-profits and governmental entities are subject to very specific accounting and disclosure guidance. Over the last few years, there have been a significant number of updates to accounting and reporting literature from both the FASB and GASB. This program provides a 2020 update of the issues at the forefront of these industries to help accountants and auditors ensure that they are aware and have a basic understanding of the most current professional literature. This program also includes updates relevant to auditors that perform audits under Government Auditing Standards and the Uniform Guidance including the Yellow Book.

DESIGNED FOR

Practitioners working with governments in public practice. Accountants working in nonprofit organizations and governments who need knowledge of current accounting and disclosure requirements.

BENEFITS

  • Recognize and apply major accounting and disclosure issues impacting their clients or entities
  • Prepare complete and accurate financial disclosures for these new developments

HIGHLIGHTS

  • Recent major accounting and disclosure issues specific to nonprofit and government entities
  • New industry developments, including risk alerts
  • Compliance audit updates
  • SAS No. 132, Auditor’s Consideration of an Entity’s Ability to Remain a Going Concern
  • GAO’s Yellow Book

COURSE LEVEL

Intermediate

PREREQUISITES

Basic familiarity with nonprofit governmental accounting.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • Qualifies for Yellow Book.
Course materials are distributed electronically. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Allen Fetterman

Allen L. Fetterman, CPA, MBA

Allen L. Fetterman, CPA, MBA lectures extensively on not-for-profit accounting, auditing, federal single audits, tax-exempt issues and governance. He speaks at conferences, seminars and webcasts throughout the country. Allen was an assistant professor of accounting at a local college and has been a guest lecturer at Yale University and New York University. He has been a member of the Faculty Bank of the Foundation for Accounting Education (FAE). He is a past recipient of both the AICPA's and the FAE's Outstanding Discussion Leader Award. He has written articles published in national accounting periodicals in the United States and Israel on accounting and taxes for not-for-profit entities.

Allen has served on the American Institute of CPAs Not-for-Profit Organizations Committee, Not-for-Profit Audit and Accounting Guide Task Force and Joint Trial Board. He has chaired the New York State Society of CPAs Not-for-Profit Organizations, Professional Ethics, Audit, and Quality Controls Committees and the AICPA Joint Trial Board. He has also served as Vice-President of the New York State Society of CPAs and as a Trustee of the Foundation for Accounting Education.

Allen retired in 2003 from Loeb & Troper, where he spent thirty-six years serving not-for-profit entities as an auditor and consultant, the last twenty-five years as a partner. In addition to his client responsibilities, he was the partner in charge of the firm’s quality controls and technical resources.

Allen received his BBA in Accounting from The City College of New York in 1968 and his MBA in Accounting from the Bernard M. Baruch College in 1972. He was elected to Beta Gamma Sigma, the national honorary society in business. He received his CPA certificate in 1973 and is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.

Allen has served on the governing boards of not-for-profit organizations, including positions as President, Treasurer and Chair of the Audit Committee and the Finance Committee.

Allen and Mimi, his wife of 51 years, live in West Nyack, New York. They have two sons and four grandchildren.

PRICING

$299.00 - Member

$399.00 - Nonmember

Event Cancelled

This event has been cancelled.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

Loscalzo Associates, Ltd.

ALSO QUALIFIES FOR