For Minnesota nonprofits, revenue recognition has changed for both program income, contributions, and government funds. Is your annual accounting in order?
In this workshop, you'll learn about how these new standards could impact the revenue and support numbers in your year-end financial statements. The standard changes also require a significant enhancement to the footnotes in your audited financial statements.
This event is jointly sponsored by MCN and Abdo, Eick & Meyers.
Registration is from 9:30 - 10:00 am. The session begins at 10:00 am and will conclude at 2:00 pm. Lunch will be provided. 3 Credits of CPE are included.
The speakers for this session are Steve Anseth and Darin Styles.
Steve Anseth, is partner and nonprofit services leader at Abdo Eick and Meyers, LLP. In his role at AEM, Steve leads the firm's nonprofit segment. Steve and his team work with over 100 nonprofit organizations from the metro area and outstate Minnesota. He helps nonprofits succeed by improving their operations and internal controls. Prior to becoming a public accountant, he spent 12 years with a large national nonprofit organization. This experience gave him an in-depth understanding of how—and why—nonprofits operate. He has more than 25 years of experience working in and for nonprofit organizations. Steve holds a B.S. in accounting from the University of Minnesota and an M.A. in theological studies from Bethel Seminary.
Darin Styles is a senior manager at Abdo Eick and Meyers. He leads the forensic accounting division and specializes in fraud prevention, fraud investigation, and litigation support. Darin is also an audit manager focusing on financial statement audits, reviews, and compilations of nonpublic companies. He works with clients in manufacturing, construction, real estate, professional services, banking, railroad, restaurant, and nonprofit industries. He has also led consulting engagements helping clients respond to letters from regulatory agencies, implement new accounting standards, and conduct internal audits. He has a B.A. in Economics from the University of Michigan and a masters of accounting from University of Texas Austin.