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Live Webinar

90-minute live streaming program
  • September 9
  • 1:00 - 2:30 pm EST

Nonprofit Month-End Closing Checklist

September 9

Gain an understanding on the data you should be producing for month-end and how to produce that data quickly and efficiently.

Do you often receive monthly financials well after the end of the month making the reports you just received irrelevant and outdated? Sound financial decisions require up-to-date and accurate information. In this topic you will learn how utilize technology to produce accurate/reliable financial reports in less than five days after month-end. This will allow for you to make swift/timely decisions in regards to your business needs with up to date reliable data.

Learning Objectives

  • You will be able to discuss how to develop a monthly close checklist.
  • You will be able to review how to complete weekly tasks.
  • You will be able to recognize how to review expenses to determine accruals.
  • You will be able to define produce/review financials.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

How to Close the Month and Produce Accurate/Reliable Reports Less Than Five Days After Month-End
  • Develop a Monthly Close Checklist
  • Weekly Tasks
  • Recurring Journal Entries
  • Review Expenses to Determine Accruals
  • Produce/Review Financials
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CPE 1.8 including Accounting 1.8
     
  • Lorman Education Services 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 web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 1.8 hours. Prerequisite: basic knowledge of nonprofit governance issues. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, LLC. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Accounting for 1.5 hours.
     

Who should attend?

This live webinar is designed for accountants, CPAs, executive directors, officers, controllers, CFOs, and tax managers.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Mona M. Birchfield, CPA

Mona M. Birchfield, CPA

CliftonLarsonAllen LLP

  • Manager in the Public Sector Outsourcing Practice of CliftonLarsonAllen LLP
  • 18 years of experience, with 16 years being exclusively with not-for-profit organizations
  • Has comprehensive knowledge of all areas of not-for-profit accounting including audit, regulation, accounting services, and consulting
  • A wealth of experience in developing accounting policies and procedures manuals, and finance and accounting systems
  • Specializes in Intacct and Bill.com, and is certified in both; she also holds a Not-for-Profit I and II certificate from the American Institute of CPAs, for which she has been a member of since 2010
  • A volunteer of American Corporate Partners; American Corporate Partners (ACP) is a 501(c)3 organization focused on helping returning veterans find their next careers through one-on-one mentoring, networking and online career advice
  • Technical experience includes cloud-based financial management systems and nonprofit entities
  • M.S. degree in interdisciplinary studies, University of Maryland, College Park, MD; B.S. degree in accounting, with a minor in business administration, University of Maryland, College Park, MD
  • Can be contacted at 571-227-9546 and [email protected]
Megan Gaughan

Megan Gaughan

CliftonLarsonAllen LLP

  • Engagement director in the Nonprofit Outsourcing Practice of CliftonLarsonAllen LLP
  • Has worked with not-for-profit organizations for over twelve years, both from the perspective of an auditor and controller/CFO
  • Extensive experience and knowledge in developing and implementing accounting systems, policies, and procedures, managing federal grant financial reporting and compliance, leading and mentoring teams, overseeing day-to-day accounting and finance operations, budgeting and forecasting, and preparing and coordinating audits (internal and external)
  • She is passionate about using her skills and expertise to build strong accounting functions that enable organizations to make strategic, data driven decisions to reach their goals
  • Technical experience includes nonprofit entities; process improvement and procedure documentation; cloud-based financial management systems and financial grant management
  • Professional involvement includes American Institute of Certified Public Accountants (AICPA); Not-for-Profit Certificate I from AICPA; Certified Public Accountant in the state of Illinois and Illinois Society of Certified Public Accountants
  • B.S. degree in accounting, with a minor in Spanish, University of Illinois Urbana Champaign
  • Can be contacted at 703-825-2198 and [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 404782
Published 2020
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