Many nonprofits will be impacted by the required adoption of numerous new
Accounting Standards Updates (ASUs) over the next few years. Implementing the new ASUs will be complex and require significant investments of time and money. To assist nonprofits with transitioning and implementation under the new guidance, this workshop will review three key new financial standards effective in or immediately following calendar year 2018. Attendees will learn proper evaluation, disclosure and reporting standards for:
1) Presentation of Financial Statements of Entities (ASU 2016-14)
2) Revenue Recognition (ASU 2014-09, amended by 2015-14)
3) Accounting for Contributions – Resource Recipients (ASU 2018-08)
Kyle A. Neeld, CPA, CGMA, PSA
Kyle Neeld is a managing director of The Mercadien Group, a principal in Mercadien, P.C., Certified Public Accountants, and co-chair of the firm’s Nonprofit & Human Services Group. A public accounting professional for nearly 20 years, Mr. Neeld has significant experience in the areas of audits, reviews, compilations, agreed-upon procedures and various consulting engagements for nonprofit organizations and businesses.
Highly regarded in the areas of internal control structures, audit program design and implementation, and risk assessment, Kyle plans audit engagements, supervises and trains staff, reviews work papers and financial statements, and meets with client management and boards on various engagements. He is well versed in Yellow Book compliance and Uniform Guidance, state and local reporting requirements, as well as nonprofit tax reporting and multi-state charitable registration requirements and filings. Kyle’s consulting experience includes strategic planning engagements, business valuations, cost analyses and profitability improvement studies, financial and market feasibility analyses. He is a frequent speaker and author on topics such as risk assessment, budgeting board governance and oversight. Kyle is a key member of the firm’s Audit & Assurance Group and the practice leader for the firm’s Employee Benefit Plan Audit Group.
Mr. Neeld is a member of the American and Pennsylvania Institutes of Certified Public Accountants, a Chartered Global Management Accountant and a member of the board of directors of VolunteerConnect of NJ and the Mercer County Sports and Entertainment Commission.
Raphael (RJ) Carletti, CPA
RJ Carletti is a supervisor in Mercadien’s Nonprofit & Human Services Group, primarily working on audit engagements for trade associations, private schools, and human services organizations. Mr. Carletti also occasionally works with for-profit organizations, which include manufacturing companies, real estate development companies, minor league athletic teams and employee 401(k) plans.
RJ plans and manages numerous engagements, while working with staff to complete projects on time. His responsibilities include performing audits for nonprofit and for-profit organizations, finding solutions to engagement issues, performing engagement and tax reviews, and reviewing internal control risks. A collaborative team player, Mr. Carletti works directly with his clients and staff to ensure all expectations are met.
Prior to joining Mercadien as an entry-level accountant in 2013, Mr. Carletti gained experience in providing Form 1120 tax services to a series of Common Interest Real Estate Associations, as well as providing audit and assurance services and compliance with GAAP to for-profit and not-for-profit clients.
RJ is a member of the New Jersey Society of Certified Public Accountants and serves as a board member for Meals on Wheels of Mercer County.
