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Continuing Professional Education Programs
Developed and Presented by Gerard Zack

Nonprofit Resource Center, a division of Zack, P.C., is proud to announce our 2014 schedule of public classes. Limited opportunities for customized internal training are also available.

Course Listings by Title:

  • Accounting and Audit Issues for Federal Grants and Contracts under the New Super Circular

    • Chicago: May 19-20, 2014
    • San Francisco: June 2-3, 2014


  • Applying Effective Risk Management Techniques to Improve Operations

    • Contact us for a customized, on-site presentation of this course

    See below for detailed course descriptions, registration and hotel information.

    Nonprofit Resource Center is a division of Zack, P.C., which 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 sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

    Registration Requirements

    Registration rates are listed under each seminar. Early bird discounts of 10% are available for registrations made at least 30 days in advance.

    Registration fees cover a comprehensive course manual, plus morning continental breakfast and a light lunch (sandwiches or similar), and beverages throughout the day.

    To Register— There are two methods you can use to register for any of our seminars:

    1. Use our online registration system by clicking on the icon next to the seminar you would like to register for (this will take you to a separate landing page on our EventSpot Registration system, a secure site for registering for our seminars), or

    2. Download our PDF registration form (click here), print, fill out, and mail with a check (payable to Zack, P.C.) or credit card to:

      Nonprofit Resource Center
      Attn: Zack
      P.O. Box 8585
      Gaithersburg, MD 20898-8585

    Any questions about registering - call us at (301) 987-0287.

    Hotel Sleeping Rooms - Due to the small size of our groups, we provide attendees with maximum opportunities for learning and asking questions. The one down-side to this is that hotels generally do not provide us with discounted room blocks for sleeping rooms.

    For seminars conducted at hotels, contact the hotel directly as soon as possible to reserve your sleeping rooms. If you are having any difficulties finding a sleeping room, please contact us and we will attempt to help.

    For seminars held at Executive Conference Centers, we will provide a list of nearby hotels with your e-mailed confirmation letter.

    Cancellations - Cancellations received up to two weeks before any seminar shall be entitled to a full refund, less a $25 processing fee. Cancellations received less than two weeks before a seminar are not eligible for a refund, but a coupon that can be used for future registrations only shall be issued in an amount equal to the registration fee, less a $25 processing fee. Substitutions are permitted at any time.

    Other Information

    All seminars begin at 8:30 am and conclude at 5:00 pm.

    Registration and continental breakfast begin at 8:00 each day. Lunch will be served from 12:00 to 1:00 p.m. Afternoon beverages will be provided.

    CPE credits listed in the next section are measured in accordance with the standards of the National Registry of CPE Sponsors - CPE credits have been granted based on a 50-minute hour.

    For more information regarding administrative policies, such as complaint and refund policies, please contact our offices at (301) 987-0287.

    Course Descriptions

    Accounting and Audit Issues for Federal Grants and Contracts under the New Super Circular (16 CPE Hours)

    Who should attend:

    • Auditors who perform Single Audits of organizations that receive federal awards
    • Nonprofit organizations that receive federal awards
    • tate and local government agencies that receive federal awards
    • Educational institutions that receive federal awards

    Course description:

    In December 2013, the new "Super Circular" of uniform rules was published, replacing guidance found in several existing circulars and establishing new compliance issues associated with accounting, administration and audits of federal awards to nonprofit organizations, state and local governments, and educational institutions.

    This seminar walks attendees through all the changes, starting with the current rules (that still apply during 2014) and explaining how these rules will change as the new provisions take effect later this year. Key topics to be covered each day include:

    Day 1:

    • Background to and overview of the super circular
    • Grant administration - from A-110 and A-102 to the new uniform rules
      • Pre-award and post-award requirements
      • Procurement standards
      • Subrecipient monitoring
      • Financial systems and internal controls
    • Cost principles: from A-122, A-21 and A-87 to the new uniform rules
      • Allowability and allocability of costs
      • Charging of direct and indirect costs
      • Methods of cost allocation

    Day 2:

    • Cost principles - continued
      • Allowability for selected items of cost
    • Audit requirements: from A-133 to the new uniform rules
      • Scope and thresholds
      • Which programs to audit
      • Key compliance and internal control audit issues
      • Compliance Supplement requirements
      • Consideration of Government Auditing Standards
      • Consideration of AICPA standards
      • Determining audit findings
      • Concluding the audit

    Learning Objectives:

    1. Improved understanding of key administrative requirements associated with federal awards
    2. Enhanced ability to apply the existing and the revised cost principles applicable to federal awards
    3. Understand applicable audit requirements found in the new uniform rules, as well as Government Auditing Standards and pertinent AICPA standards
    4. Apply the new uniform rules in an audit environment

    Prerequisites:
    Advance Preparation:
    Instructional Delivery Method:
    Course Level:
    Field of Study:
    Registration Fee:
    Basic understanding nonprofit accounting and audit issues
    None
    Group/Live
    Intermediate
    Auditing (Governmental Auditing Standards)
    $650 (regular rate), $585 (early registration, 2 weeks before seminar)

    Schedule:

    May 19-20, 2014       TO REGISTER FOR THIS SEMINAR, CLICK HERE
    Chicago, IL
    Chicago Executive Conference Center
    8655 West Higgins Road
    Chicago, IL 60631

    June 2-3, 2014       TO REGISTER FOR THIS SEMINAR, CLICK HERE
    San Francisco
    Executive Conference Center
    55 Fourth Street, 2nd level
    San Francisco, CA 94103

    Applying Effective Risk Management Techniques to Improve Operations (16 CPE hours)

    Who should attend:

    Executives and Financial, Program, and Operational Managers of:
    • Grant-funded organizations
    • Contribution-supported charities
    • Trade and professional associations
    • Universities and other educational organizations
    • Private foundations

    Course description:

    This practical new course is aimed at nonprofit executives and managers (of all departments and functions) and outside advisors and consultants. It is not targeted towards auditors, but auditors may also find it useful in auditing and consulting with their nonprofit clients.

    Risks come in all shapes and sizes, but can be classified as: strategic, financial, compliance or operational. Every employee is a risk manager to some extent, and it could be said that the primary job of every department head and CEO is to manage risk - obstacles to established goals. Effective risk management is the link between a strategic plan and daily operations. It considers the questions "what could go wrong" as well as "what needs to go right in order to achieve the goals we have established." It applies an appropriately scaled framework that fits each organization, in order to ensure thoroughness and consistency.

    This hands-on course explains and applies key concepts of risk management based on the most commonly applied frameworks (COSO ERM and ISO 31000) to improve performance and effectively accomplish the mission and objectives of nonprofit organizations. In addition to providing participants with a thorough grounding in the key theoretical concepts, extensive use of practice problems and group discussion will enable participants to apply these concepts to their own real-life situations. The course will proceed in the following manner:

    Day 1:

    • Explanation of an Enterprise Risk Management model and comparison with other frameworks
    • Developing a risk management approach customized and scaled for your organization
    • Determining who should be involved in risk management
    • Determining organizational tolerance for risk
    • The relationship between strategy and risk
    • Identification of inherent organizational risks
    • Classification of risks
    • Assessing the likelihood and impact of various risks
    • Considering risk trends and velocity
    • The effect of internal controls on risk
    • Developing a risk management action plan
    • Integrating risk management into ongoing activities
    • Tools and techniques useful in applying risk management in your organization
    • Governance issues associated with risk management

    Day 2:

    • Discussion of specific risks in each of the following categories:
      • Information technology
      • Human resources
      • Financial
      • Fraud (internal and external)
      • Compliance with laws, regulations and contracts
    • How a compliance and ethics program protects an organization
    • The role of internal controls in risk management
    • Relating risk management to key performance measures
    • Implementing tools for monitoring risks and performance
    • Reporting the results of risk management activities

    Throughout the two days, we will utilize a variety of learning techniques, from instructor-led discussions to group and individual problem solving, group practical cases, and participant-led discussions. This will be an active seminar, one that delivers all of the theory necessary to fully understand all key concepts, but that provides for numerous opportunities to apply the theories in a practical manner, enabling participants to walk away with information that can be immediately applied in the workplace.

    Learning Objectives:

    1. Identify, assess, and prioritize organizational and departmental risks
    2. Improved ability to develop risk mitigation plans for identified risks
    3. Customize and apply a framework for managing risks
    4. Understand techniques for monitoring risks in relation to performance measures
    5. Improved ability to apply key internal control concepts to risk and compliance issues

    Prerequisites:
    Advance Preparation:
    Instructional Delivery Method:
    Course Level:
    Field of Study:
    Registration Fee:
    Basic understanding nonprofit management functions
    None
    Group/Live
    Intermediate
    Management Advisory Services
    $650 (regular rate), $585 (early registration, 2 weeks before seminar)

    Schedule:

    Contact us for a customized, on-site presentation of this course.

    About Your Discussion Leader - Gerard Zack

    Gerry Zack is an expert in risk management, compliance, fraud prevention and detection, accounting, and auditing. He is widely recognized as one of the nation's foremost authorities on the unique management issues of nonprofit organizations and associations and is frequently praised for his ability to explain complex financial and technical issues and apply them to specific organizations. Gerry founded Nonprofit Resource Center in 1990 and has trained more than 15,000 participants since. In addition, Mr. Zack has provided internal training for more than 50 CPA firms and has spoken at many large industry conferences, such as the AICPA's Not-for-Profit Industry Conference and the Annual Conference of the Association of Certified Fraud Examiners (ACFE). Gerry was elected to the Board of Regents of the ACFE for a 2014-2015 term He also serves on the faculty of the ACFE and is the 2009 recipient of the ACFE's James Baker Speaker of the Year award.

    Gerry is the author of four books on fraud, including Fraud and Abuse in Nonprofit Organizations: A Guide to Prevention and Detection (pub. 2003 by John Wiley & Sons), as well as numerous articles and presentations on fraud and internal controls, and NRC's popular Model Accounting and Financial Policies and Procedures, a customizable template used by more than 1,000 nonprofit organizations.

    Gerry is also president of Zack, P.C., which specializes in providing financial, compliance, operational and fraud risk advisory services and internal audit services for a variety of industries. He has worked with organizations of all types throughout the United States, Canada, and Europe during his 30+ years of professional experience. In addition, he served as Chief Operating and Compliance Officer for a Washington, DC based international, scientific membership organization for two years. For more information about Zack, P.C. visit www.zackpc.com.

    Gerry is a Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), Certified Internal Auditor (CIA) and Certified Compliance and Ethics Professional (CCEP). He earned his BSBA from Shippensburg University in Pennsylvania and his MBA from Loyola College in Maryland.