Welcome to the Online Continuing Professional Education for Certified Public Accountants
offered through Santa Clara University, in conjunction with the Accounting CPE Network.
The Accounting Continuing Professional Education Network (ACPEN) is a joint project of state CPA Societies and other affilliated organizations who have a common goal: improving the quality and accessibility of distance learning opportunities available to their members.
Webinar technology has, for some time, been a common offering of many participating ACPEN associations. Combining powerpoint slides delivered via the internet with audio of the instructor, either by telephone or internet, the webinar format allows for the delivery of educational content in a convenient, but visually limited fashion.
The ACPEN network is founded on the use of streaming video content over the internet that provides the participant with live, full motion video of the presenter, high quality audio, along with coordinated powerpoint slides. The ACPEN platform, provided by Business Professionals' Network and its technology partner, BizVision, also allows the end user to fully participate in the webcast by downloading written materials, emailing questions to presenters in real time, making notes in the viewer "notes" area, and emailing those notes to themselves for later use.
ACPEN programming features enhanced production values and formats appropriate to the video medium. Presenters interact with each other as well as you, the ACPEN participant. This delivers an educational experience that is engaging, interesting, as well as professionally rewarding.
It is this unique combination of valuable information delivered using interactive live, video and audio internet technology that define The ACPEN Difference.
The Accounting Continuing Professional Education Network (ACPEN) CPE network, sponsored by State CPA Societies in many states, is dedicated to bringing, highly relevant, interactive, world-class CPE to every CPA in the most convenient and economical ways possible. Founded by four state societies in 1997, ACPEN is now a consortium of nearly 40 state societies.
Since 1998, ACPEN has been owned and managed by Business Professionals' Network, a firm that is responsible for the development of CPE content, management of the network, and that ensures that the satellite and internet technology is and stays at the cutting edge, for the benefit of state societies and their member CPAs. More information about ACPEN course offerings can be found below.
Since 1997, ACPEN programs have covered all of the most important subjects for accounting, tax and financial professionals. This year, you can join the thousands of CPAs across the country who have a reserved seat to one of the most fascinating ways to earn CPE credits available anywhere! In addition to CPE content developed by BPN, increasingly, state societies are taking advantage of webcast technology, adding their content and speakers to the ACPEN offerings.
More information about ACPEN CPE products and technology, can be found in the ACPEN Products section.
Length: 8 Hours
Our panel of experts give you what you need to know about the latest and most important developments affecting non-profit organizations in accounting, auditing and tax issues unique to these important entities. In addition, they will provide an update on the current trends and pitfalls in the non-profit industry. Our panelists, combining the perspectives of non-profit practitioners as well as representatives of the FASB and the U.S. IRS, will arm you with the latest regulatory information on GAAP and Tax compliance. There will be a special review of the lessons learned from several years of experience with IRS Form 990. Also, in the tax arena you will receive an update on Unrelated Business Income Tax (UBIT) and accounting for contributions, with its tax and accounting implications. Panelists will also address all recent AICPA audit and accounting guidance affecting Not-for-Profits and the work of the Accountability Task Force.
This year’s course will focus on the following Major topics:
Current Trends and Issues in the Non-Profit Industry.
Accounting for Contributions
FASB Update, including:
FASB’s Activities for Nonprofit Entities
This session will focus on current projects and activities directed at improving financial reporting by nonprofit entities. They include:
* FASB’s standard setting project to refresh the financial statement presentation model.
* FASB’s research project considering other financial communications used by nonprofit entities.
* Current issues and discussions with FASB’s Not-for-Profit Advisory Committee.
* Other non-profit issues being addressed by FASB’s Emerging Issues Task Force.
AICPA and Auditing Standards Board Update
Current Non-Profit Auditing Update
Yellow Book Update
Form 990: Non-Profit Tax Update
Form 990: What have we learned since 2008?
Significant Changes to Form 990:
Schedule F: Foreign Activities
Schedule H: Hospitals
Schedule K: Tax Exempt Bonds
IRS Notice 2012-19
IRS Focus Areas:
Schedule J: Executive Compensation
Compensation and Fringe Benefits
Unrelated Business Tax Issues and Update
CPE Credits: 8
Field of Study 1: Yellow Book (4.5 hours)
Field of Study 2: Taxes (3.5 hours)
Field of Study 3: Accounting (2.5 hours)
Field of Study 4: Auditing (2 hours)
Program Level (Basic, Update, Intermediate, Advanced, Overview): Update
Advanced Preparation: None
Instructional Delivery Method: Group Internet Based
Course Registration Requirements: Online Registration
Designed For: Industry & Public Practice
Course Developer: Business Professionals' Network, Inc.
Refund/Cancellation Policy: Please contact the ACPEN help desk - 1-800-747-1719 or firstname.lastname@example.org if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Complaint Resolution Policy: Please contact Anne Taylor for any complaints. email@example.com, (972-377-8199).
Official Registry Statement: Business Professionals' Network, Inc. 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org
C. Clinton Davis, CPA, JD, is a partner in the Dallas, Texas law firm of Krage & Janvey, LLP. He is a frequent presenter at continuing education programs for both accountants and lawyers, including not-for-profit organizations, partnership and real estate planning. He is the author of Texas Society of Certified Public Accountants (TSCPA) courses, Fundamentals of LLC and Partnership Taxation, and Tax Planning for Real Estate and Small Business. Clint is Board Certified in Tax Law by the Texas Board of Legal Specialization. He represents numerous pass-through and charitable entities. Clint has served as program chair or presenter on several ACPEN programs in the areas of tax, not-for profit and business entities.
Rob Lyons, CPA, is the Managing Tax Director in the Nonprofit and Government Services Group at Marks Paneth & Shron LLP. Mr. Lyons brings to this role the skills he has developed during more than 30 years of providing tax and consulting services to his clients in the nonprofit, higher education, and public sector industries. His experience includes handling substantial exempt organization tax issues. Mr. Lyons has testified in front of the House and Ways Committee in Washington, D.C. establishing the current treatment of affinity royalty arrangements. He has also been involved in special projects related to unrelated business income for exempt organizations, including but not limited to state filing issues, including settlements, foreign filing requirements for off-shore activities and use of exempt bond proceeds. Mr. Lyons has advised clients on the use of for profit subsidiaries as well as disregarded entities. He has led numerous training seminars for the American Institute of Certified Public Accountants and served as an adjunct professor in the Kogod School of Business Graduate Department at American University in Washington, DC. He has also authored six books and forty articles to date concerning exempt organization issues. Prior to joining Marks Paneth & Shron, Mr. Lyons was the Tax Managing Director with KPMG LLP, where he focused on tax and compliance issues for many of their largest clients, including public charities, private foundations, colleges and universities, social services and membership organizations, and cultural institutions. In addition to his professional activities, he is a dedicated volunteer who regularly donates his time to charitable organizations. He has worked extensively with Catholic Charities in various capacities as well as working with the Archdiocese of Washington, DC and the Archdiocese of New York. He has served on numerous nonprofit Boards of Trustees in a variety of capacities, including the National Council for Adoption. Mr. Lyons holds a BSBA in Accounting from the University of Florida and a Masters of Science in Taxation from American University. He is based in New York City at Marks Paneth & Shron’s midtown headquarters.
* Please be advised that this is not a
Santa Clara University website, but is a website developed and hosted by ACPEN, in conjunction with Santa Clara University.