Session 5 of Borenstein’s Form 990 Foundational Series:
The Form 990’s approach to reporting financial statements initially seems easy as it follows the filer’s books with only a modest amount of “990 instructions”-required changes. Unfortunately, the instructions include multiple conventions the IRS imposes that replace GAAP treatment that many filers would otherwise follow!
Preparers need be able to recognize and apply the 990’s non-recognition of both the donation of services or discounts on accessing others’ properties and mark-to-market valuation of invested assets. Furthermore, many of the 990’s revenue categories are unique to sector-practices and/or have 990-specific reporting needs. The materials and the author/instructor readily inform preparers as to how the maze of 990 reporting pieces that must be mastered prior to working on the form’s three major financial statement parts.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
After attending this presentation you will be able to…
The major topics that will be covered in this class include:
Public accounting tax and audit staff, nonprofit organization’s Treasurers, CFOs, and other finance/compliance advisors
None, although helpful to have some knowledge of how the Form 990 is structured.
This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.