Friday, 1:30 – 2:45 PM
Presented by: Gregg Capin & Frank Jakosz
Before the 1970s, there were no standards or guidelines for churches, ministries and other nonprofit organizations in financial accounting and related practices and controls. It was in that decade that accountability came into focus. The mission community was at the forefront of this effort. This session will trace the history of accounting and accountability, including the leadership role of Christian ministries in developing accounting standards. And it will share the reasons it was needed to be fully accountable and transparent according to Biblical principles. Come for a history lesson from the start of nonprofit accounting to the present-day requirements.
- Explain the history of accounting standards and how they have changed for nonprofit organizations over the years.
- Analyze why the changes happened and what issues they addressed.
- Identify ways to apply the history of non-profit accounting to present-day situations.
Primary Audience: All Mission Finance & Administration participants
CPE 1.5 hours Accounting