Chapter PD: NFPOS – Aligning Budgets with Revenue Recognition Policies

December 8, 2018

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When preparing or reporting on external financial statements there are several accounting policies for contribution revenue to be considered. The deferral method, the restricted fund method as well as the option of fund presentation present significant differences in how the financial statements look and how the results are reported. It is important to consider these differences during the budgeting process to ensure all involved can consider how the operational decisions will affect the external reporting results.

This presentation is for any CPA with limited involved with a charity. The presentation is directed at:

  • New board members
  • Experienced board members looking to enhance understanding of external reporting accounting policies
  • Public practitioners with few clients in the NFPO sector

Topics covered will include:

  • Aligning financial records and budgets to external reporting needs
  • Accounting for contributions
  • Fund accounting: presentation election
  • Revenue recognition policy choices and impact on financial reporting, Deferral Method, Restricted Fund Method
  • Other accounting policy and budget considerations
Details
Date:Saturday, December 8, 2018
Where:Executive Airport Plaza Hotel, 7311 Westminster Hwy Richmond, BC
Time:8:15 AM – 9:00 AM Registration and Breakfast  | 9:00 AM – 12:00 PM Session
CPD | Level:3 hours | General
Cost:$80+ GST – members | $75+ GST – members (early bird discount – until October 31, 2018)
To Register:Click here

*Complimentary Parking provided by the hotel (We will be sending out a parking pass prior to the event)

Speaker’s Bio:

TOM GILLESPIE, CPA, CA is a director and co-founder of Clearline Consulting CPA. He has over ten years of accounting and assurance experience having been the associate director of practice review with CPABC as well as a professional standards advisor. Prior to working with CPABC he was an audit manager with a major international accounting firm. Tom provides file compliance, monitoring, in-house training, audit planning and on-going consulting services to CPA firms and practitioners, helping them succeed and build thriving practices.

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