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Virtual Agenda

Date: July 23, 2020

7:30-8:20 A.M. Early Bird Roundtable Discussion (optional)

COVID-19 Happened...Now What? (No CPE)

In this optional session, we will break into groups and discuss how COVID-19 has impacted or affected you and your role within your organization. Be prepared to share ideas, collaborate and network with peers.


8:30-9:40 A.M. General Session

GAAP Update (A&A)

Richard Cole, CPA, CGMA, BKD

This session will provide an overview of the FASB’s recently issued accounting standards and projects in process which could impact not-for-profits. Some topics will include grants and contributions of NFPs, reference rate reform, cloud computing and other standards and projects.


9:40-9:50 A.M. Break

It's time to stretch and get a coffee refill.


9:50-10:50 A.M. Breakout Sessions
  1. Lease Accounting (A&A)

    Richard Cole, CPA, CGMA, BKD

    This session will provide an overview of the new lease accounting standard and provide some implementation tips.

  2. Measuring Change: Is That a Thing? (NLS)

    Judy Hissong, CLM, Nesso Strategies, LLC

    We have developed a strong resistance to change.  And if we consider change to be advancement, then you can see the risk in not adapting. We will explore the path everyone takes in change, and then advance the conversation to diagnose where our change initiatives fall short.

    Objectives include:

    • Understanding your change patterns.
    • Exploring how you initiate change in your organization.
    • Addressing gaps in the success of your change initiatives.


  3. Connecting the Dots: From Complex to Comprehensible — Presenting All the Right Information to Non-Profits (CLE)

    Megan Applegate, CPA, Applegate & Company, CPAs

    Have you ever presented a financial statement to a board of directors and had blank stares afterwards? A board of directors includes financial and non-financial individuals – have you tailored your presentation to the entire audience? How has your non-profit or non-profit client evolved with technology, workforce/donor changes, and corporate governance? What value do you add to your non-profit client as a CPA?

    In this session, we will go over the ever-growing list of items you wish to accomplish in your non-profit. The devil is in the details when presenting financial information – this session will include tips, presentation techniques, and examples of various ways to present information to the board of directors. Furthermore, we will cover corporate governance best practices and will discuss how to add value to your non-profit client aside from your audit/review and 990 preparation services. This session will be the one stop shop of what you need to know to keep your non-profit (and non-profit client) on right track to maintain financial stewardship, solid corporate governance, and a well-informed board of directors.

10:50 A.M.-11 A.M. Break

It's time to stretch and get a coffee refill.


11 A.M.-12:10 P.M. Breakout Sessions
  1. Not-for-Profit Revenue Complexities: An Overview of Recent New Accounting Standards (A&A and CLE)

    Pete Ugo, CPA, Crowe LLP

    For many the revenue recognition standard Topic 606 and ASU 2018-08 on grants and contributions have been implemented, but for some it’s still in process. We will recap implementation lessons learned and a look to the future for the wide range of revenue sources of not-for-profit entities.

    Each type of revenue source has its own complexities to consider when evaluating the recognition criteria, including the existence of conditions/barriers, exchanges of goods/services, and milestones, among others. This session will explain this new guidance and its applicability, including several real-life examples of revenue transactions.

  2. Building Resilience (NLS)

    Judy Hissong, CLM, Nesso Stragies

    The pressure of constant availability to work. The challenge of 24/7 news cycles and cell phones. The continuous partial attention epidemic leaves us exhausted at the end of the day, and unable to hold focus in conversation and projects. We will discuss how these challenges are shaping us differently, and what we can do to counter the impact.

    Objectives include:

    • Measuring your current level of resilience.
    • Exploring practices to build resilience in yourself.
    • Providing ideas to build resilience in others.


  3. Reshaping How We Do Business After COVID-19 (NLS)

    Bethany Lynch, MCM CPAs & Advisors and Emily Possidento, MBA, SHRM-SCP, MCM CPAs & Advisors

    The effects of the COVID-19 pandemic forced many employers to make difficult decisions with the uncertainty of future business operations. In this session, we will discuss the importance of ethics in the workplace during a crisis and the role that leaders have in building and maintaining a positive culture.

12:10-12:55 P.M. Lunch

It's time to break from lunch.


12:55-2:05 P.M. General Session

Cybersecurity Threats & Understanding How to Mitigate Risk

Jim Kramer, MCM CPAs & Advisors

In the ever-changing landscape of cybersecurity, very few things are constant. One thing we have to remember is that all of our protections only work as well as they are implemented. In this session, we will discuss some of the new threat vectors and how the threat is evolving. We will also discuss the weakest link in our security — the people, and some basic policies and training that will go a long way to protecting your data.


2:05-2:15 P.M. Break

It's time to stretch.


2:15-3:25 P.M. Breakout Sessions
  1. Single Audit Basics, Yellow Book Updates & More — Oh, My!

    Jennifer McVey, CPA, Greenwalt CPAs

    This session will provide an overview for auditors and auditees on the requirements of the Uniform Guidance. We will cover the basics of a single audit and discuss the recent Yellow Book updates. We will also walk through a few other helpful hints, common pitfalls and any updates related to COVID-19 along the way.


  2. Navigating Your Organization Through a Crisis as a CFO

    Jennifer Norris, CPA, CGMA, CAE, Indiana CPA Society

    As we continue to work our way through the COVID-19 crisis, what are some of the issues not-for-profit CFOs have faced and how have we dealt with them? Let’s discuss not just the financial issues, but HR, IT, facilities management and any other areas where CFOs have had to jump in and help their organizations work through this crisis, looking at what we have already done and things we continue to work on as we deal with the long-term implications.


  4. Essentials for Not-for-Profits: A Conflict of Interest Policy

    Casse Tate, CPA, Katz Sapper & Miller LLP and Jacqueline Pimentel-Gannon, Faegre Drinker

    While not explicitly required by the IRS, a conflict of interest policy can help not-for-profit organizations avoid potential issues with the IRS and publicity disasters if conflicts do arise. In this session, Casse Tate, partner and co-chair of Katz, Sapper & Miller’s Not-for-Profit Services Group, and Jacqueline Pimentel-Gannon, partner at Faegre Drinker, will explain the essentials of conflict of interest policies. Attendees will learn what a conflict of interest policy is, what information should be included, and what legal standards not-for-profits need to consider. Tate and Pimentel-Gannon will also explain the actions not-for-profits should take when conflicts of interest are discovered and how to report them to the IRS. Sample conflict of interest policies will be provided during the presentation as well as best practices for developing a conflict of interest policy.

3:25-3:35 P.M. Networking Break

It's time to stretch.


3:35-4:35 P.M. Closing General Session

Right vs. Right: Ethics in Real Time (NLS and Ethics)

Karl Ahlrichs, SPHR, Gregory & Appel Insurance

Not-for-profits know getting ethics right is a big deal. An organization’s ethics directly determines its reputation in the community and having solid ethical principles are crucial for the long-term success of any organization.

This facilitated discussion goes face-to-face, beyond a lecture on ethical principles — it is a series of exercises that offer “real time” practice in resolving dilemmas with participants practicing their decision-making skills. After some foundational work we will work as a group to discuss and resolve common workplace ethical dilemmas.

We will cover:

  • A review of the four ethical dilemmas reinforced with case studies.
  • Examination of each of the three problem-solving paradigms.
  • Structured thinking methods to solve dilemmas in the modern world.

Reinforcing ethics will foster a high performing culture and increase an organization’s sustainability. While it takes time and effort, doing so will do more than improve business-it will change lives.



4:35 P.M. Adjourn

Look for an event survey, and please give us your feedback so we can create another great conference next year!