This event is 100% Virtual.
GRF CPAs & Advisors is pleased to sponsor and present at the GWSCPA 2020 Nonprofit Symposium. This event brings together CPAs and other professionals from the industry and nonprofit sector for several days of networking and professional education. Join GRF and GWSCPA on December 14-16 for this collaborative virtual event.
Aligning Your Functional Expense Statement with Your Operational Story
In this session, we will be taking a deep dive into functional allocation methodologies. Many nonprofits currently base functional allocations off an estimate of time and effort, but what if you could tell the story more holistically? Join us as we look at the standards FASB has outlined for program versus supporting services, and ways to more accurately depict the profitability of your programs and cost centers. You will also walk away with ways to immediately apply some of these methods to present your financial statements, both internal and external, in a way that helps you as management and those charged with governance make better operational and strategic decisions.
How Nonprofits Can Adapt their Internal Controls in a Virtual Environment
Trevor Williams, CPA, Omid Mohebbi, CPA & Cormekki Whitley (COO at CLASP)
The COVID-19 pandemic has posed unprecedented challenges for nonprofit organizations. As a result, many have been forced to adapt their internal controls to maintain strong controls in their daily operations, while operating in a completely virtual environment. This session will use the case study of an actual transformed nonprofit organization to demonstrate how this was achieved effectively and efficiently in the face of many obstacles. Attendees will learn invaluable and real-life tested lessons about methods that can be used to effectively transform the internal controls of their organization to operate in a virtual environment.
Additional event details will be provided as they become available.