(301) 986-0600
Submit RFP Bill Pay

CBM to Present at 2018 GWSCPA Not-for-Profit Symposium

This photo, published after symposium, shows Dan Weaver (Right) and Julia Lafferty (Middle), CBM’s presenters at the 2018 Symposium, with Principal Mollie Lambert.

November 19, 2018 (Bethesda, MD & Washington, DC) – Daniel L. Weaver, CPA, Anthony A. Cuozzo, Jr., CPA, CGFM, and Julia Lafferty, CPA, respectively senior vice president/director of not-for-profit services, senior advisor and nonprofit principal at Councilor, Buchanan & Mitchell, P.C. (CBM), will present at the Greater Washington Society of CPAs’ 2018 Nonprofit Symposium. The conference, which draws together financial management professionals from the DC-metro area not-for-profit industry for two and a half days of education and networking, will be held November 27-29, 2018 at the Walter E. Washington Convention Center in Washington, DC.

CBM will present on the following topics:

  • Simplify Your Financial Process and Still Ace Your Audit. Wednesday, November 28, 8:00 – 8:50 a.m. CBM Nonprofit Principal Julia Lafferty will co-present in a discussion that guides not-for-profit organizations toward creating efficient and scalable financial processes while meeting essential compliance requirements. The session plans to address auditor requirements, concerns about management letter comments and a consideration of harnessing automation for financial management benefits.
  • Impact of the New Revenue Recognition Standard on Contributions Received and Made. Wednesday, November 28, 1:30 – 2:20 p.m. CBM Senior Vice President Dan Weaver and Senior Advisor Anthony Cuozzo will present on FASB’s ASU 2018-08, which clarifies the scope and accounting procedures for contributions given and received. Their engaging discussion will touch upon changes in financial reporting first issued under FASB’s ASU 2014-09 standard, which changed revenue reporting requirements in financial statements for companies and other organizations.

“With the new standard clarifying FASB’s position on contribution revenue and expenses,” says Mr. Weaver of the latter session, “it’s important for not-for-profit financial managers to understand what has changed. There are some subtle differences in how contributions should be recorded and is an area of financial management that not-for-profits can’t afford to fall behind on.”

CBM, a mid-sized accounting, tax and advisory firm with offices in Bethesda, MD and Washington, DC, has served the financial management needs of not-for-profit clients since 1921. Mr. Weaver, who is a previous member of GWSCPA’s Board of Governors, has spoken with Mr. Cuozzo at the symposium in prior years and both are active with GWSCPA as speakers, and committee and task force members. Ms. Lafferty served as vice chair of this year’s GWSCPA Nonprofit Symposium planning committee.