Learn about Functional expenses allocations and reporting. Discuss various methodologies and understanding the interpretation of the accounting standards to apply to your entity. Learn about what your auditors are or should be looking for. Understand the percentage benchmarks from watchdog agencies. An integral piece of the new nonprofit ASU, 2016-14, is the requirement for all nonprofits to present a statement of functional expenses. Join us to find out about how this can be done efficiently and effectively. Topics covered will include common methods of allocation and practical expedients in the industry.
As a member of BKD’s National Not-for-Profit group, Neely has more than 17 years of audit and advisory experience in public accounting. Neely also served in the United States Navy for four years.
Neely’s expertise includes financial statement audits, single audits, grants management and compliance, outsourced accounting functions, standards implementation, internal audit procedures, strategic planning and tax-exempt matters for a wide range of not-for-profit entities. Neely also performs forensic work related to various cases, internal controls consulting, as well as consulting for healthcare practices.
In addition to handling the accounting and audit needs of her clients, she advises clients on operational efficiencies, internal controls, governance issues, and routinely shares best practices with clients gained from working with a variety of organizations. She is a highly sought national speaker on technical matters in the accounting community.
Neely is a member of the American Institute of CPAs, the Dallas Society of CPAs and serves as a board member of the Texas Society of CPAs. She is involved with many other professional associations including the Association of Certified Fraud Examiners, Forensic CPA Society, Dallas Social Venture Partners, SPARK!, The Dallas Foundation Advisory Committee, Partnership for Philanthropic Planning (North Texas Chapter), and Relationships First.
She is a 2000 graduate of Old Dominion University, with a Bachelors in Accounting, Magna Cum Laude.