In-Depth Financial Statements 2011

This full day training will cover the presentation of the nonprofit financial statements as well as an understanding of the major components of these statements.  Also the training will include discussion and examples of transactions that are unique to nonprofits.

Learning Objectives
- Understand the difference between cash and accrual accounting
- Understand critical nonprofit issues related to the:
      - Statement of Position
      - Statement of Activities
      - Statement of Functional Expenses
      - Statement of Cash Flow

Level
Intermediate: for staff members who prepare the statements and board members on the finance committee.  This training is for those people in your organization who prepare and work with the financial statements.

Presenters
Mandy Funchess, CPA; Leslie Oakes, PhD; John Murrel, CPA

Mandy Funchess, CPA, is an audit manager at Pulakos CPAs.  Mandy participates in a number of external audits including nonprofit organizations, trade associations and economic development foundations. In addition, she is an integral part of the team that performs internal audits and single purpose audits.  She is an active member of American Institute of Certified Public Accountants, New Mexico Society of Certified Public Accountants and President of the Albuquerque Chapter of CPA’s.  Her community involvement includes Past Chairman of Wesley Kids Preschool & Daycare, United Way Panel CPA, and Junior Achievement Volunteer.

Leslie Oakes, PhD, is an Associate Professor at the Anderson Schools of Management, University of New Mexico.  She served as Assistant and then Associate Dean of ASM from 1997 to 2000.  Dr. Oakes has actively supported the nonprofit community for over five years, working with over 50 small and medium-sized nonprofits through the New Mexico Community Development Loan Fund where she taught a number of one-day seminars on financial management and met individually with organizations struggling with financial management.  Dr. Oakes has been a member of the Healthcare for the Homeless Finance Committee of the Board of Directors for two years, working with the organization to improve its cash budgeting and management. 

John Murrel, CPA is a manager with Clifton Gunderson.  He has concentrated his service in the areas of nonprofit organizations and closely-held corporations.  John has over fifteen years of experience in both public accounting and private industry.