2019 Conference Schedule

Wednesday, July 17, 2019

Afternoon Sessions

Analyzing Audited Financial Statements for Executive Directors and Board Members

Date: 07/17/2019 1:30-5 p.m.
History: Updated
Experience: Seasoned (6+ years experience)
Advanced Preparation: None
Field of Study: Accounting (Governmental)
Applicable Audience: Board Member
CEO/Executive Director
Tracks: Governance Boards And Tribal Councils; Strong Financial Health
Type: Full
Level: Advanced
Prerequisites: Finance experience
CPE Credits: 3.5
Qualifies for Yellowbook: Yes
Trainers: John Hemming
Applicable Audience:
Board Member
CEO/Executive Director
Learning Objectives:
1. Discuss the differences between GAAP and other forms of financial statements.
2. Identify how to adjust your books to be in accordance with GAAP.
3. Identify what types of footnotes should be included in the financial statements.
Session Description:
If improving your board’s and management team’s understanding of your audited financial statements is a goal, then don't miss this updated session. Board members, executive directors and fiscal officers should participate in this session for an in-depth look at audited financial statements completed in accordance with the new Uniform Guidance reporting requirements. A complete set of audited financial statements will be analyzed from beginning to end. Learn what is required to be included and what you should be looking for in your statements.
In addition, beyond every aspect of the audited financial statements being discussed and analyzed, this session will include an interactive project in which an agency's financial results over a five-year period will be analyzed.