By Amy Guerra, CPA As calendar year end nonprofits have worked through the implementation of Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, and turned their attention to implementing ASU 2014-09, Revenue Recognition, it’s important they don’t turn...
This article takes more of an interview approach as they ask each expert to name one disruptive trend that they see coming in 2020. From AI playing more of a significant role to a change in the management of budgets, these trends may play a...
This article, although it came out in January, can still be valued for the information it contains. In 2019, fundraising is very different than it used to be 10 years ago, and this article offers some of the best advice/tips. From minding Generation Z to...
This article discusses how Americans, according to a recent study, are taking antibiotics and not following the prescribed course of action. Many begin to feel better and, in turn, stop taking the medicine. However, the directions on every prescription indicate that one should "finish your...
This short article discusses the qualities a nonprofit should possess in order to keep workers happy and efficient. It discusses the wants of a worker from feeling valued to be able to trust the organization. To view this article, click HERE to access the original content....
2019 OMB Compliance Supplement Status Each year the Office of Management and Budget (OMB) Compliance Supplement (2019 Supplement) is updated to reflect changes to compliance requirements applicable to federal programs and required programmatic changes outlined by the federal agencies. The changes to the 2019 Supplement are...
By Norma Sharara, JD, and Joan Vines, CPA The IRS recently expanded two existing programs for tax-qualified retirement plans—the Employee Plans Compliance Resolution System (EPCRS) and the determination letter (DL) program for individually designed plans. Generally, an individually designed plan is a retirement plan drafted to...
By Laurie De Armond, CPA, and Adam Cole, CPA In a recent insight, we explored the concept of “Nonprofit Heart, Business Mindset”–which, put simply, is the belief that nonprofit organizations must pursue business-oriented management practices to thrive long-term, without losing sight of their core mission. Nonprofit chief financial officers (CFO)...
As specialty pharmacy grows, pharmacists depend on data more than ever before. This article discusses how pharmacists can translate data reporting for specialty pharmacy. To view this article, click HERE to access the original content. ...
By Lee Klumpp, CPA, CGMA The Financial Accounting Standards Board (FASB or the Board) issued Accounting Standards Update (ASU) 2019-03, Updating the Definition of Collections, to address the issue that the definition of the term collections in the Master Glossary of the FASB Accounting Standards Codification (ASC) was not fully...
