Yellow Book Boot Camp – Introduction To NFP And Governmental Accounting & Auditing

4.7 (10)

Melisa Galasso, CPA

Galasso Learning Solutions

  • CIA
  • CPA

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

The topic is also scheduled as live webinar on the following dates

May 14, 2021 | 10:00 AM EDT Register
May 17, 2021 | 08:00 AM PDT Register
May 24, 2021 | 10:00 AM EDT Register
May 31, 2021 | 08:00 AM PDT Register

Overview

  • Hierarchy of GAAP
    6 mins
  • Financial Reporting Requirements
    47 mins
  • Special-purpose governments
    32 mins
  • Enterprise Funds
    68 mins
  • Introduction to NFP Accounting
    101 mins
  • Gifts In Kind
    143 mins
  • Joint Cost Allocations
    187 mins
  • Management Responsibilities
    242 mins
  • Yellow Book CPE
    275 mins
  • Reporting Confidential and Sensitive Information
    297 mins
  • Cash Management
    351 mins
  • Elements of a Finding
    387 mins

Course Description

Many government and not-for-profit (NFP) organizations require an audit. Since the fiscal year end for many of these organizations is something other than Dec. 31, this type of service presents an opportunity for CPA firms to shift work outside of the traditional busy season. Additionally, these engagements provide audit staff with fresh experiences and industry exposure. The benefits of providing audit services to government and NFP organizations are numerous, yet they may present unforeseen professional liability risks for firms without the necessary knowledge and expertise in these specialized areas.

This webinar is aimed to provide an introduction to accounting and auditing that is unique to nonprofits and governments.

It will cover :

  • Yellow Book
  • Nonprofit accounting and unique differences
  • Introduction to the unique requirements of governmental accounting
  • Explanation of what a uniform guidance compliance audit is and how it is different from financial audits

This foundational course is perfect for those getting started in the nonprofit and governmental arena and those looking for a refresher.

Yellow Book Boot Camp Part 2 is expected in the fall after the COVID Compliance Supplement is issued.  It will cover key changes in accounting & auditing that impact nonprofits and governmental entities. Part 2 is great for experienced professionals as well as those who have completed the Part 1 webinar.

Learning Objectives

  • To identify the key differences in governmental GAAP
  • To recognize the basic requirements in a Yellow Book Audit
  • To describe performance requirements for Uniform Guidance
  • To identify topics unique to nonprofit accounting

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Auditors
  • Bookkeeper
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Staff of Accounting Firm
  • VP Accounts
  • Young CPA

Testimonial

4.7

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KT

Melisa was very knowledgeable and helpful, and very interested in the topic. I learned numerous new concepts today which help me further appreciate the differences between NFP and other entities. Great job! Also, he reiterated if someone has future questions regarding NFP, he is more than happy to serve as a resource and encouraged folks to contact him

MB

This is a great course for gaining some overall knowledge about non profits. Very informative and the handouts will be a great resource for helping my clients understand some of the things to consider when forming a new non profit organization

CL

Webinar with great content related to nonprofit. Instructor with knowledge and experience in handling the subject. I have personally received information that helps to grow our expertise on this subject. Congratulations.

JG

Melisa, You did an excellent job! The NFP world is getting more and more challenging. And as you know, unless the NFP has some economies of scale, this is going to be a huge challenge for them and rather costly. Disappointing to see another layer of administrative burden being put on our NFP's.

TG

The course was very focused and specific to the topic, the presenter was amazing, very knowledgable and offered to address questions directly via email. Truly thought provoking presentation and offered highlights to consider to strengthen your NP organization overall. Very glad I attended

BT

Thanks