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    Financial, Business, and Head Start Compliance for Your Organization

    April 25, 2012 - April 27, 2012

    Ramada Plaza
    3 Watervliet Ave. Extension
    Albany, New York  12206
    Event Contact:
    (888) 876-4992

    Why Attend

    Financial management and compliance are the two most important areas challenging organizations today. It is important that agencies be in compliance with numerous requirements and be ready for audits and reviews. This requires an organization to be committed to understanding the regulations and the importance of being in compliance with them. Organizations out of compliance risk losing their grants, having grant funding reduced, or potentially having to repay disallowed costs.

    Join this session and Wipfli’s nonprofit experts, Denes L. Tobie and Janet S. Johnson, will provide you with in-depth training related to financial analysis, cost allocation, management, internal controls, and HS/EHS compliance. They will share practical ways to apply the most current information to your program operations.

    Wipfli has been presenting the highest quality of training for more than 40 years. Participants declare Wipfli training is “empowering,” “outstanding,” “meaningful,” “invaluable,” and “relevant.”


    Denes L. Tobie, CPA
    Partner, Nonprofit and Government Practice
    Wipfli LLP

    Janet S. Johnson, CPA, CMA
    Senior Manager, Nonprofit and Government Practice
    Wipfli LLP

    Training Seminar Outline

    Day 1 Afternoon: Financial Analysis
    Advance Preparation: None
    Level: Intermediate
    Prerequisite: Nonprofit Fiscal Background
    Field of Study: Accounting
    Date/Time: Wednesday, April 25, 2012 / 1:00-5:00 p.m.
    During this session we will discuss various ways to analyze the data that you currently have but may not be using effectively. We will discuss ways to help you explain financial information to non-financially savvy individuals.
    We will cover: 
    • Effective financial analysis throughout the year
    • Creation and use of trend analysis
    • 2 CFR Part 215 (OMB Circular A-110) required financial management analysis
    • Budget preparation and use
    • Board reports
    • Analytical procedures and how they can help you
    • What your financial statements and 990 can tell you 
    A variety of financial analyses will be addressed to assist you in using the information you currently have to enhance your organization's financial reporting.
    Learning Objectives: 
    1. Learn federal regulations on required financial analysis
    2. Learn analytical procedures such as trend analysis
    3. Gain an introduction to effective board and management reports 
    Day 1: Optional Evening Q&A / Wednesday, April 25, 2012 / 5:30 – 7:00 p.m.
    During the optional evening question and answer session on Day 1, participants are welcome to join the presenters to get answers to their specific questions. Let us help you find the tough answers in the regulations. You can share needs, become familiar with the regulations, and learn how to solve problems back at the office. 

    CPE credits for day one: 4.0 credits*

    Day 2 Morning: Cost Allocation
    Advance Preparation: None
    Level: Basic
    Prerequisite: None
    Field of Study: Specialized Knowledge and Applications
    Date/Time: Thursday, April 26, 2012 / 8:30 - Noon

    Costs incurred by an organization in connection with programs are eligible charges against grants and contracts. Whether these costs are incurred by the program itself, or another program that provides supportive services to the program, they are allowable if the costs are necessary for the efficient conduct of the grant or contract. This session will focus on direct and indirect cost allocation. We’ll discuss and clarify policies that apply to funds that are used in collaboration with other funding sources. Cost allocation plans should be simple and straightforward, and we’ll give you some suggestions for ways to accomplish this. We’ll also suggest ways to allocate your costs to help your agency run efficiently and effectively.

    Learning Objectives:

    1. Understand the concepts of cost allocation and how to use them within the organization.
    2. Learn the difference between cost allocation and indirect cost rates

    Day 2: Optional Connect With Wipfli Lunch
    12:00 p.m. – 1:00 p.m.

    During this hour, we invite participants to share successes, issues and concerns with our on-site consultants. This gives participants insight and ideas about real solutions built around the success of people, process, technology and finances working together.

    Day 2 Afternoon: Managing a Not for Profit Like a Business
    Advance Preparation: None 
    Level: Basic
    Prerequisite: None
    Field of Study: Management Advisory Services
    Date/Time: Thursday, April 26, 2012 / 1:30 – 4:00 p.m. 

    The sessionprovides an overview of the tools necessary to successfully operate a grant-funded nonprofit organization like a business. The topics of this session will include: guidelines and ratios for determining financial health, methods of generating unrestricted funds in a grant-funded environment, an overview of how to read financial statements, how to tell if your audit is effective, the role of an audit committee, and corrective action for management letters and audit findings.
    Learning Objectives: 
    1. Learn the tools and techniques that will help you proactively manage your nonprofit business
    2. Gain an introduction to generating unrestricted funds
    3. Learn how to use financial statements and the audit report plan for the future 

    CPE credits for day two: 6.5 credits*

    Day 3 Morning: 
    Option One: Internal Controls
    Advance Preparation: None 
    Level: Basic
    Prerequisite: None
    Field of Study: Auditing
    Date/Time: Friday, April 27, 2012 / 8:30 - Noon 

    This sessionwill focus on how an auditor analyzes internal controls throughout the audit process. We will be specifically covering internal control best practices. If you are a fiscal officer, program director, or program staff, join us for this session to discuss the internal controls your organization must have regarding: 
    • Assets
    • Liabilities
    • Revenue and expense accounts 
    We will even give you suggestions for fraud prevention in these areas.
    Learning Objective: 
    1. Learn how to design and implement effective internal controls
    2. Learn the keys to segregation of duties, even in small organizations
    3. Learn how to communicate the importance of internal controls throughout the organization  

    Option Two: An Auditor’s Look at Head Start Compliance 
    Advance Preparation: None
    Level: Basic
    Prerequisite: None
    Field of Study: Specialized Knowledge and Applications
    Date/Time: Friday, April 27, 2012 / 8:30 - Noon

    Have you ever wondered what exactly an auditor is looking at when they test your Head Start program for compliance? Well, wonder no more! Head Start directors and staff, as well as fiscal directors and staff, are invited to this session to learn how an auditor reviews your Head Start program for compliance. We will focus on and discuss: 

    • Required compliance audit steps
    • Understanding, and the documentation of, internal controls for the Head Start program
    • Overview and application of the Head Start compliance supplement
    • Head Start financial reporting 
    You won't be an auditor when you leave this session, but you will know what they are looking for the next time they come to your organization.
    Learning Objectives: 
    1. Learn the requirements of compliance audits
    2. Learn how to prepare for compliance audits including preparing internal control documentation
    3. Gain an overview of the Head Start compliance supplement
    CPE credits for day three:  3.5 credits*

    Daily Schedule

    Wednesday, April 25, 2012
    11:00 a.m.-1:00 p.m. – Registration & Refreshments
    1:00-5:00 p.m. – Financial Analysis
    5:30-7:00 p.m. – Q&A (optional) 

    Thursday, April 26, 2012 
    8:00-8:30 a.m. – Light Refreshments
    8:30-Noon – Cost Allocation
    Noon-1:30 p.m. – Lunch (on your own)
    Noon-1:00 p.m. – Connect With Wipfli (optional)
    1:30-4:00 p.m. – Managing a Not for Profit Like a Business     
    Friday, April 27, 2012                          
    8:00-8:30 a.m. – Light Refreshments
    8:30-Noon – An Auditor’s Look at Head Start Compliance       
    8:30-Noon – Internal Controls

    Registration Fee
    • $625 per participant registering by March 30, 2012
    • $695 per participant registering on or after March 31, 2012
    GFP Internet Service Subscribers automatically receive an additional $25 discount per person!

    Registration fees include:
    • Up to 14 hours of training in accordance with the standards of the National Registry of CPE Sponsors. CPE credits are granted based on a 50-minute hour.
    • Comprehensive training manual
    • Refreshment breaks
    Cancellation Policy:
    Cancellations made after March 25, 2012 will be charged $100 per person cancellation fee. If you cancel, you may send a substitute from your organization or transfer your registration fee to a future seminar without penalty. Participants who register but neither attend or cancel are charged for their full registration fee. Call 888.876.4992 for questions about this policy.

    Hotel Information

    Ramada Plaza
    3 Watervliet Ave. Extension
    Albany, NY 12206

    P: │1.888.288.4982 │518.438.8431
    Group Name: Wipfli Training
    Cut-off: April 15, 2012, at 5:00 p.m. (EST)

    *National Registry of CPE Sponsors: Wipfli LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the national Registry of CPE Sponsors through its website: www.learningmarket.org.

    Instructional Delivery: Group-Live.  For more information regarding administrative policies, such as complaint, cancellation and refund policies, please contact our offices at 888.876.4992.

    Financial, Business, and Head Start Compliance for Your Organization
    April 25, 2012 - April 27, 2012
    To register online for this event, please see the above information.
    Cost:  $625.00