GOV2013. Common Errors and Deficiencies in NFP Reporting - Part 1

In this session, we will review the top 5 categories of common financial reporting and disclosure errors:

•Revenue Recognition

•Net Asset Classification

•Financial Statement Presentation

•Disclosure Errors

•Miscellaneous

Learning Objectives:

• Identify the most common errors found in not-for-profit financial statements
• Determine the impact errors could have on not-for-profit financial statements
• Identify how to avoid errors in not-for-profit financial reporting