Communicating Key Indicators Effectively
Presented by: Karen Kennelly, Owner and President, K-Squared Consulting
Nonprofit organizations are, and should be, focused on their missions and providing their services to the public. This often outweighs the equal importance of financial accountability, which has not gone without notice by the government and the public in general. This can affect an organization’s ability to sustain and increase its fundraising capacity, as well as its ability to recruit and retain high-level board members, given the increased awareness of a board member’s fiduciary responsibility. An organization can begin to bridge this divide by identifying the key financial indicators, measuring them on an ongoing basis, and communicating the results effectively. It’s important to ensure your constituents understand what they are hearing — that's why the form/format for communicating the information is vital. Download the session slides.
Endowment Accounting: There Must Be an Easier Way
Presented by: Rebeka Mazzone, Director — Rhode Island Region, Accounting Management Solutions, Inc.
Do you account for your endowment on a spreadsheet and wish there were a way to capture this information in your accounting system? What impact does the recently passed law on UPMIFA have on your daily accounting and budgeting processes? This session explored the basics of UPMIFA and what impact it has on daily accounting and budgeting for your endowment. The session also covered practical tips for setting up endowments in accounting software to provide better support and budgeting for your spending. Lastly, the session provided the process for setting up a chart of accounts to capture the right information and how to use the grant allocation module to reduce the time required to allocate earnings. Download the session slides.
FASB Codification
Presented by: Susan Budak, Former Staff Member of the Financial Accounting Standards Board (FASB)
As of September 15, 2009, the FASB declared that its Accounting Standards Codification would be the only source of GAAP for the entities that follow its standards. The Codification includes standards issued by the FASB, AICPA, EITF, and their predecessors. This session explained how the Codification was created and how to use it. Download the session slides.
GAAP Made Easy
Presented by: Susan Budak, Former Staff Member of the Financial Accounting Standards Board (FASB)
Accounting for nonprofit organizations is often the same as accounting for business enterprises. However, there are some significant differences caused by two facts: a nonprofit’s performance can’t be measured by a “bottom line” such as net income, and a nonprofit relies on contributions whose use is often restricted by the donor. This session, designed for those that are new to the challenges of accounting and financial reporting by nonprofits, discussed the unique financial reporting model of nonprofits and when you can rely instead on the accounting rules you learned in school or the business world. Download the session slides.
$ave Green by Going Green
Presented by: Holly Condon, Senior Vice President of Sales and Marketing, PaperSave
Did you know that the average number of times a document gets copied is 19? Imagine the rainforests we could save if we reduce this by just 50 percent! We can also $ave by reducing the time it takes to file a document, reducing our usage of filing supplies, eliminating costly off-site storage and fuel to retrieve them…the list goes on! During this session, Holly explored document imaging, SharePoint®, and OCR as ways of saving green by going green, because when paper goes digital, organizations become transformed! Download the session slides.
PCI Compliant? Now What?
Aram Aghapour, Blackbaud, Inc.
Paul Bamert, Manager, Blackbaud Inc.
So you are PCI compliant. Now what? This interactive session was designed to cover the Blackbaud PCI-compliant products and the impacts on your processes. In this session, the speakers highlighted the PCI-compliant products and answered product-specific questions. Download the session slides.
The Redesigned Form 990: Tips, Tricks, and Opportunities
Harmon Burstyn, CPA
Before 2008, Form 990 had not been significantly revised since 1979. Yet, exempt organizations have increased in size, diversity, and complexity. Nonprofit groups account for over five percent of the U.S. gross domestic product, contribute $1.0 trillion to the economy, employ millions of people, have international operations, and have multiple revenue streams. Now, there is far more emphasis on the exempt organization's governing body, governance, and management policies, plus its disclosure practices. This session will provide insight and answers on how to comply completely and accurately. Download the session slides. |
