Who knew that accounting standard changes could be the source of cutting-edge strategies for fundraising? This session explores how the latest changes in accounting standards for revenue recognition can be used to develop more effective grant proposal narratives and budgets. Whether you are a CEO, development professional, CFO, board member, or accountant, this presentation provided the audience with an understanding of new standards on revenue recognition and restricted revenue. Participants will look at examples of how to use those concepts to craft grant proposals that bring in the most flexible funding possible.
Learning to Love (or at Least Live with) Restricted Revenue
Who knew that accounting standard changes could be the source of cutting-edge strategies for fundraising? This session explores how the latest changes in accounting standards for revenue recognition can be used to develop more effective grant proposal narratives and budgets. Whether you are a CEO, development professional, CFO, board member, or accountant, this presentation will provide you with an understanding of new standards on revenue recognition and restricted revenue. Participants will look at examples of how to use those concepts to craft grant proposals that bring in the most flexible funding possible.
Presenters:
Tim Warren has over 17 years of experience providing CFO, auditing, accounting, consulting, and tax services to nonprofit organizations including higher education, housing, social service organizations, membership based-organizations, community-based organizations, foundations and arts/cultural organizations.
Melissa Murphy has over six years of experience auditing, accounting and consulting with an emphasis on nonprofit organizations, including those with Single Audit and Yellow Book compliance requirements. She has worked with many nonprofit organizations including human service organizations, healthcare, community based and associations. Melissa also has a strong background in 990 preparation and compliance.
Presentation: NPFM Meeting 12.5.19 – Learning to Love Restricted Revenue