Nonprofit Accounting and Financial Management Seminars:
Days 1 and 2	Key Accounting and Financial Reporting Issues for Nonprofits (Updated for 2008)
Day 3	Internal Controls and Fraud Prevention (New for 2008!)
Attend 1, 2, or all 3 days! See below for detailed course descriptions, registration and hotel information
Chicago/O'Hare Area June 24-25-26, 2008   Grant Auditing Seminars: Day 1: Government Auditing Standards (July 2007 Version) Days 2 and 3: Auditing & Reporting Under OMB Circular A-133 (Updated for 2007) Attend 1, 2, or all 3 days! See below for detailed course descriptions, registration and hotel information   Chicago/O'Hare Area June 3-4-5,2008   Nonprofit Tax Institute: Day 1: Key Issues in Maintaining Tax Exemption Day 2: Form 990 and Other Reporting Issues Day 3: Unrelated Business Income Tax Attend 1, 2 or all 3 days! See below for detailed course descriptions, registration and hotel information   Chicago/O'Hare Area May 6-7-8, 2008 Nonprofit Resource Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN 37219-2417, Web site: www.nasba.org. Registration Requirements Rates — We encourage participants to sign up for a complete series of courses to receive the best rates. However, we continue to offer single-day registrations for all sessions except the 2-day accounting and financial reporting course. Registration fees per participant are as follows: For a 1-day seminar $ 295 2 days $ 575 3 days $ 795 Discounts — As many as three different discounts off the above rates can be applied as follows: Early-bird registrations, prepaid at least 30 days prior to a seminar — Take $25 off the total per person registration fee Subscribers to Nonprofit Resource Center's Online Resource Library — Take $50 off the per person registration fee More than 5 people from the same firm or organization — Take $25 off the person registration fee The total discount taken cannot exceed $100 per person if all three of the above discounts are applied. To Register — There are two methods you can use to register for any of our seminars: Download our PDF registration form (click here), print, fill out with credit card information and fax to our registration office at (301) 987-0988 Download our PDF registration form (click here), print, fill out, and mail with a check or credit card to: Nonprofit Resource Center P.O. Box 8585 Gaithersburg, MD 20898-8585 Any questions about registering — call us at (301) 987-0287. Hotel Sleeping Rooms — Group rates have been arranged at some hotels for the nights preceding each seminar. See below for details. Contact the hotels directly for your reservations. Cancellations received up to two weeks before any seminar shall be entitled to a full refund, less a $25 processing fee. Cancellations received less than two weeks before a seminar are not eligible for a refund, but a coupon that can be used for future registrations only shall be issued in an amount equal to the registration fee, less a $25 processing fee. Substitutions are permitted at any time. Other Information All seminars begin at 8:30 am and conclude at 5 pm, with the exception of the half-day private foundations course, which concludes at 12 noon. Registration and continental breakfast begin at 7:45 each day. Lunch is on your own, from 12 to 1:30. Afternoon refreshments will be provided. CPE credits listed in the next section are measured in accordance with the standards of the National Registry of CPE Sponsors — CPE credits have been granted based on a 50-minute hour. For more information regarding administrative policies, such as complaint and refund policies, please contact our offices at (301) 987-0287. Course Descriptions Nonprofit Accounting and Auditing Seminars: Accounting and Financial Reporting for Nonprofits (2 Days) (16 CPE Hours in Accounting & Auditing) A comprehensive and significantly updated 2-day program that covers all key elements of generally accepted accounting principles that apply to not-for-profit organizations. Topics covered include all aspects of: Classification of net assets (SFAS 117) Cash and noncash contribution accounting (SFAS 116) Restrictions and conditions Promises to give and other receivables Investments (SFAS 124) Alternative investments Partnerships (EITF 04-5) Joint ventures Consolidations (SOP 94.3) Exposure draft on mergers and acquisitions FIN47 asset retirement obligations Asset impairments Property and equipment and depreciation Leases and leasehold improvements FIN48 on income taxes SFAS 157 and 159 fair value issues Websites, software, and intangible assets Guarantees Deferred revenue and other liabilities Revenue recognition Expense classification Accounting for fundraising activities and events Accounting for joint activities (SOP 98-2) Fair value measurements under SFAS 157 GAAP vs grant accounting (OMB Circular A-122) issues GAAP vs Form 990 reporting Preparation of financial statements (SFAS 117) Required and suggested footnote disclosures Analysis of financial and operating results Recent FASB, EITF, and AICPA developments And many more accounting and reporting issues This course is fully updated for 2008 to address all recent FASB and AICPA technical developments, including EITF documents and staff interpretations that have relevance to nonprofits. All participants will received a 2008 updated copy of Gerard Zack's 280-page manual Accounting & Audit Issues of Nonprofit Organizations, which covers all of the topics covered in the seminar plus many more. Schedule: Chicago/O'Hare Area June 24-25, 2008 Prerequisites: Basic understanding of generally accepted accounting principles Advance Preparation: None Instructional Delivery Method: Group/Live Course Level: Intermediate Field of Study: Accounting & Auditing Internal Controls and Fraud Prevention (1 Day) (8 CPE Hours in Specialized Knowledge and Applications) This seminar, conducted by one of only nine Fellows in the 40,000-member Association of Certified Fraud Examiners, explores how fraud occurs in nonprofit organizations, helping attendees understand how to assess the risk of fraud, and explains how specific elements of internal controls can prevent or detect fraud. Key topics will include: Who perpetrates fraud and why Cash receipts fraud schemes Purchasing and disbursements fraud Payroll and expense reporting schemes The COSO model of internal controls Key controls associated with each fraud Important nonfinancial controls Schedule: Chicago/O'Hare Area June 26, 2008 Prerequisites: Basic understanding of accounting and auditing concepts Advance Preparation: None Instructional Delivery Method: Group/Live Course Level: Intermediate Field of Study: Specialized Knowledge & Applications Grant Auditing Seminars (up to 24 CPE hours): These seminars are geared more for auditors; However, auditees may also find them useful. Attend 1, 2 or all 3 days Day 1: Government Auditing Standards (2007 Version) (8 CPE Hours in Accounting & Auditing) The first day in our grant auditing series will be spent explaining the July 2007 version of Generally Accepted Government Auditing Standards, also known as the Yellow Book. Participants will learn about the types of audits covered, the auditor independence rules, CPE requirements, and quality assurance expectations, as well as critical internal control, compliance testing and reporting requirements under the financial auditing standards, and how those requirements relate to AICPA audit standards. Also covered will be GAGAS attestation engagement standards. Schedule: Chicago/O'Hare Area June 3, 2008 Prerequisites: Basic auditing skills and understanding of auditing standards Advance Preparation: None Instructional Delivery Method: Group/Live Course Level: Intermediate Field of Study: Accounting & Auditing Days 2 and 3: Auditing and Reporting Under OMB Circular A-133 (2 Days) (16 CPE Hours in Accounting & Auditing) This 2-day intensive seminar focuses on auditing and reporting in accordance with OMB Circular A-133. It has been updated and modified for 2008 to include practical group discussion exercises to illustrate the application of key provisions. Topics covered include: Scope and applicability of Circular A-133 The risk-based model for program selection Designing appropriate tests of controls and compliance Follow-up on prior year findings Detailed coverage of the 14 compliance requirements Extensive coverage of cost allowability under Circular A-122 Identification of audit findings and questioned costs Proper write-up of findings Report preparation and submission Common deficiencies in the performance of A-133 audits Schedule: Chicago/O'Hare Area June 4-5, 2008 Prerequisites: Basic auditing skills and understanding of auditing standards Advance Preparation: None Instructional Delivery Method: Group/Live Course Level: Intermediate Field of Study: Accounting & Auditing Nonprofit Tax Institute (up to 24 CPE hours) Day 1 — Key Issues in Maintaining Tax Exemption (8 CPE hours) This day is devoted to explaining the key organizational and operational requirements and restrictions associated with obtaining and maintaining exemption from federal income taxes. The focus of the program is on the most common types of exempt organizations, including those exempt under IRC sections 501(c)(3), 501(c)(4), 501(c)(5), and 501(c)(6). Topics covered will include: Qualifications for tax exemption Private benefit and private inurement Section 4958 tax on excess benefit transactions Implications of joint venturing with other entities Political intervention Lobbying and legislative activities Changing or expanding your exempt purpose Establishing and operating affiliated entities Group exemptions IRS examinations Penalties imposed on nonprofits and their managers Schedule: Day 1 Chicago/O'Hare Area May 6, 2008 Prerequisites: Basic knowledge of nonprofit taxation Advance Preparation: None Instructional Delivery Method: Group/Live Course Level: Intermediate Field of Study: Taxation Registrants for any of the Nonprofit Tax Institute programs will receive a fully updated 2008 edition of Mr. Zack's 500-page manual Tax Issues in Nonprofit Organizations. Day 2 — Form 990 and Other Reporting Issues (8 CPE hours) This course has become the most highly-acclaimed program around for understanding all the critical issues involved with an organization's Form 990 information return. Completely updated for changes to the 2007 Form 990 plus, we'll take a peek at the completely overhauled 2008 Form 990. Topics covered include: Viewing the Form 990 strategically, as an annual report Line-by-line explanation of the Form 990 Key "red flags" you can raise on the Form 990 Public disclosure requirements Completing Schedules A and B Attachments and supporting schedules Reporting changes in activities Understanding the public support tests Contribution disclosures and reporting IRS oversight and developments Overview of the 2008 form (1 hour) Schedule: Day 2 Chicago/O'Hare Area May 7, 2008 Prerequisites: Basic knowledge of nonprofit taxation Advance Preparation: None Instructional Delivery Method: Group/Live Course Level: Intermediate Field of Study: Taxation Registrants for any of the Nonprofit Tax Institute programs will receive a fully updated 2008 edition of Mr. Zack's 500-page manual Tax Issues in Nonprofit Organizations. Day 3 — Unrelated Business Income Tax (8 CPE hours) The third day is devoted to a comprehensive explanation of the many rules, and many more interpretations of those rules, involving the unrelated business income tax. Topics covered will include: Distinguishing exempt function from non-exempt function income Statutory exclusions from UBTI Planning new revenue-generating programs Analysis of IRS rulings and court cases involving UBIT Unrelated debt-financed property rules Advertising issues Qualified sponsorships Other revenue-generating activities Allocating costs to unrelated business activities Preparation of Form 990-T Schedule: Day 3 Chicago/O'Hare Area May 8, 2008 Prerequisites: Basic knowledge of nonprofit taxation Advance Preparation: None Instructional Delivery Method: Group/Live Course Level: Intermediate Field of Study: Taxation Registrants for any of the Nonprofit Tax Institute programs will receive a fully updated 2008 edition of Mr. Zack's 500-page manual Tax Issues in Nonprofit Organizations. Hotel Information Chicago/O'Hare Area Seminars Hyatt Regency O'Hare Airport 9300 West Bryn Mawr Avenue Rosemont, IL 60018 Phone: (847) 696-1234 or (800) 233-1234 Free shuttle service to/from the hotel and O'Hare Airport is available. No sleeping room block has been set aside for our group at this hotel. However, out of town attendees are eligible for the hotel's "Conference Center" rate equal to 10% off the Best Available Rate of the Day, if rooms are available. When making reservations, please refer to the Conference Rate code CR23130 to receive this discount. If you have any problems making a reservation, please call us at (301) 987-0287 for further information. About Your Discussion Leader — Gerard Zack Gerry Zack is an expert in the financial management of nonprofit organizations and associations. Gerry has become recognized as one of the nation's foremost authorities on the unique accounting, tax, audit, and financial management issues of nonprofit organizations and is frequently praised for his ability to explain complex financial and technical issues and apply them to specific organizations. Gerry founded Nonprofit Resource Center in 1990 and has trained more than 14,000 participants since. In addition, Mr. Zack has provided internal training for more than 40 CPA firms and has spoken at many large industry conferences, such as the AICPA's Not-for-Profit Industry Conference and the Annual Conference of the Association of Certified Fraud Examiners. Gerry is author of the book Fraud and Abuse in Nonprofit Organizations: A Guide to Prevention and Detection (pub. 2003 by John Wiley & Sons) and is one of only nine Fellows in the 35,000-member Association of Certified Fraud Examiners, based on his contributions to the anti-fraud field and his extensive fraud-related experience. Gerry is also president of Zack Accounting & Consulting, P.C., which specializes in anti-fraud services and internal control for a variety of industries as well as internal and external audit and tax services for nonprofit organizations. He has worked with hundreds of nonprofit organizations of all types during his 27 years of professional experience. Gerry earned his BSBA from Shippensburg University in Pennsylvania and his MBA from Loyola College in Maryland.