IEEE MGA Treasurer Training Financial Overview
"Explore the financial statements and activities overview from IEEE MGA Treasurer Training, including statements of financial position, activities, and cash flows. Gain insights into total assets, liabilities, and net assets for 2023 and 2022. Learn about the consolidated financial position and activities of IEEE. Get a detailed look at the line of operations format and cash flows for the year-end. Stay informed with the latest financial updates from the global office accounting manager on September 28, 2024."
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Presentation Transcript
Accounting Update IEEE MGA Treasurer Training Kim Visaria, Sr Manager Global Office Accounting September 28, 2024 ieee.org 1 IEEE, the Professional Home for the World s Technologists IEEE, the Professional Home for the World s Technologists IEEE PROPRIETARY IEEE PROPRIETARY
Agenda Financial Statements Overview - Statement of Financial Position - Statement of Activities - Statement of Cash Flows 2 IEEE, the Professional Home for the World s Technologists IEEE PROPRIETARY
Financial Statements Diagram Balance Sheet (PY) AT December 31, 2022 Income Statement (Activity For Period Ended 2023) Statement of Cash Flows (Activity For Period Ended 2023) 3 IEEE, the Professional Home for the World s Technologists IEEE PROPRIETARY
IEEE Consolidated Statement of Financial PositionEEE Consolidated Statement of Financial Position 4 IEEE, the Professional Home for the World s Technologists IEEE PROPRIETARY
IEEE Statement of Financial Position Total Assets, Liabilities, and Net Assets as of December 31, 2023 and 2022 5 IEEE, the Professional Home for the World s Technologists IEEE PROPRIETARY
IEEE Consolidated Statement of Activities 6 IEEE, the Professional Home for the World s Technologists IEEE PROPRIETARY
The Statement of Activities: Line of Operations ( LoO ) Format 7 IEEE, the Professional Home for the World s Technologists IEEE PROPRIETARY
IEEE Consolidated Statement of Cash Flows for the Year Ended December 31, 2023 and 2022 8 IEEE, the Professional Home for the World s Technologists IEEE PROPRIETARY
Contacts https://17ieee.sharepoint.com/sites /FinanceAndAdministration/SitePage s/General-Accounting.aspx 9 IEEE, the Professional Home for the World s Technologists IEEE PROPRIETARY
Appendix Complete financial statements are included as part of the Annual Report on the Institute s website https://17ieee.sharepoint.com/sites/InsideIEEE/SitePages/ 2023-Annual-Report--A-Year-at-IEEE.aspx ieee.org 10 IEEE, the Professional Home for the World s Technologists IEEE, the Professional Home for the World s Technologists IEEE PROPRIETARY IEEE PROPRIETARY
2023 Auditors Opinion (Crowe LLP) ieee.org IEEE, the Professional Home for the World s Technologists IEEE, the Professional Home for the World s Technologists IEEE PROPRIETARY IEEE PROPRIETARY
2023 Auditors Opinion cont. ieee.org IEEE, the Professional Home for the World s Technologists IEEE, the Professional Home for the World s Technologists IEEE PROPRIETARY IEEE PROPRIETARY
