April 30, 2021

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MACPA Government and Not-For-Profit Conference

Recording Contracts with Customers (Topic 606)

Ricardo Trujillo, CPA, CITP, CISA | Audit Partner  & Alejandra Jensen, CPA, CFE | Audit Senior Manager

FASB’s Accounting Standards Update (ASU) 2020-05 – Revenue from Contracts with Customers (Topic 606) is shaking up how nonprofits recognize and report revenue. Whether you are a CEO, finance staff, or membership engagement staff, this presentation will explore how nonprofits are implementing Topic 606.

Participants will come away with a better understanding of the complexities of revenue recognition and the knowledge nonprofit financial professionals need to reasonably report on revenue recognition under the new ASU.

Our presenters will lead a discussion focused on:

  • The 5-step process to record revenue with contracts with customers
  • Practical expedients available to certain entities
  • Best practices for implementation


The Digital Transformation of Nonprofit Accounting

Jim Norton, CPA | Accounting Technology Senior Manager

Nonprofit leaders have always faced a unique set of challenges: how to do the most with less, how to serve constituents, and how to comply with an ever growing, ever changing, endless array of varied reporting requirements. Digital transformation is upon us, and with it comes even greater need for the nonprofit leader to understand and make critical decisions with data in as close to real-time as possible. Join GRF for this lively discussion on the digital transformation of nonprofit accounting, along with demonstration of technology to help your organization excel in the digital age. For a primer on digital transformation and accounting, read 2021 Will Accelerate Accounting’s Digital Transformation.

We will discuss:

  • How the role of finance and operations has evolved with digital transformation
  • How to enhance transparency with faster, more accurate audit preparation, real-time reporting, and dashboards
  • Different strategies for measuring and analyzing key metrics in nonprofit organizations
  • Approaches to automate grant reporting, fund accounting, budgeting, and other critical functions
  • Why the accounting landscape for nonprofits drives the need for accelerated digital transformation

Join us to learn how the right financial management tools can help you capitalize on digital transformation and take your nonprofit’s ability to tell your story through financials to new heights. Bring your questions! We’ll reserve time for Q&A.

Federal Grants for Nonprofits

Paul Calabrese | OAAS Prinicipal

During this session, we will cover the pros and cons of having a Federal grant or cooperative agreement.  There will be a discussion around different scenarios as to whether you can negotiate a NICRA rate with an agency or negotiate an indirect rate with your Pass-Through Entity. The discussion will also include PPP loan forgiveness and its impact on the F&A indirect cost pool or directly to a Federal award.  We will address problematic sub-recipients, fixed amount awards, and a list of changes to the revised Uniform Guidance.

Adapting Internal Controls in a Virtual Environment

Trevor Williams, CPA | Audit Partner, Omid Mohebbi, CPA | Nonprofit Audit Manager & Cormekki Whitley | COO at CLASP

The significant impact of the updated UG on procurement, sub-recipients and changed emphasis

Paul Calabrese | OAAS Prinicipal

Featured Speakers

Jim Norton, CPA

Former Principal, Accounting Technology Services

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Paul H. Calabrese

Principal, Outsourced Accounting & Advisory Services

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