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Nonprofit Financial Summit
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When: Wednesday, December 13, 2017
8:30 a.m.-12:30 p.m.
Where: Mills - Galloway Room, Rollins College
SunTrust Parking Garage
150 E. Lyman Avenue
Winter Park, Florida  32789
United States

Online registration is closed.
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The Financial Summit will provide an educational opportunity for finance and accounting staff of Central Florida nonprofits to learn about the biggest change in financial reporting in 20 years. This learning experience is a capacity building opportunity for the financial staff of Central Florida nonprofits. A significant number of nonprofits do not have certified public accountants on staff and, therefore, might not seek or receive education specific to this change in financial reporting. There are five focus areas in the new guidance (Accounting Standards Update 2016-14):

  1. Net Asset Classification – updates net asset classification scheme to two classes, changes to underwater endowment accounting, enhances disclosures
  2. Liquidity & Availability – quantitative and qualitative disclosures about liquidity and availability of resources
  3. Expenses – requirement to report expenses by function and nature and an analysis showing the relationship between function and nature
  4. Investment Return – present investment return net of external and direct internal investment expenses, no longer required to disclose netted expenses
  5. Statements of Cash Flows – continue to allow direct or indirect method for operating cash flows, indirect reconciliation no longer required for direct method

This event is sponsored in part by the Central Florida Foundation.

Cost: $25 members & non-members

Topics and Speakers for the Morning Include:

Financial Reporting Changes
Net Asset Classification and Statement of Cash Flows

Lynda Dennis, National Expert
Liquidity & Availability Lynda Dennis, National Expert
Expenses & Investment Return Reporting
Aaron Crall, Clifton Larson Allen
Revenue Recognition
Joe Gregor, RSM
Lease Accounting Melanie Fernandez, BDO


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