Blog
Our Blog acts as a great resource of topical information for the finance community. Use the search function to find specific topics or browse our categories to benefit from our past shared learnings.
AAFCPAs Best Practice Recommendations for Complying with DESE, and Managing Board and Management Conflicts of Interests
The Massachusetts Department of Elementary and Secondary Education (DESE) Office of Charter Schools’ Charter School Audit Guide (the Guide) includes compliance requirements relating to the review and assessment of related party disclosures. Now that DESE has moved to an online management system for the collection of conflict of interest forms from members of a School’s […]
Net Asset Classification Considerations for Nonprofits Implementing the Financial Statement Presentation Standards
AAFCPAs advises nonprofits in assessing the impact of the new Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, and we provide guidance throughout the transition process. ASU 2016-14 affects nonprofit organizations in all industries (i.e. healthcare, affordable housing, social services, foundations and education) and is effective […]
2017 Community Health Center Cost Reports Due June 26, Regardless of Fiscal Year End
AAFCPAs would like to make clients aware that the Center for Health Information and Analysis (CHIA) has just announced it is now collecting cost reports for the fiscal year ending in 2017 from all Community Health Centers (CHCs). All CHCs, regardless of Fiscal Year End date, are required to file their fiscal year 2017 cost […]
AAFCPAs to Lead Three Educational Sessions at HFMA Conference Sharing Our Expertise with CHCs
AAFCPAs has been asked to share the firm’s expertise by presenting educational workshops on three important topics at the Healthcare Financial Management Association’s (HFMA) Inaugural Federally Qualified Health Center (FQHC) Conference on May 3rd, 2018 in Manchester, New Hampshire. AAFCPAs is an ideal fit to contribute our knowledge base at this must-attend conference for finance […]
AAFCPAs Enhances Consulting Expertise in Cybersecurity, IT Systems, Business Process, and Performance Controls
Due to growth in client demand, AAFCPAs expands its Business Process & IT Advisory Practice with the addition of two deeply experienced Managers: Dawn Pantano, CPA, CITP, and Mr. Anderson, MCSE, CCNP, CISSP. Dawn and Mr. Anderson are highly regarded for their expertise in IT security, business continuity, and selecting and deploying key business applications […]
People, Processes, and Systems Will Lead CFOs to a Right-Sized Finance Department
A strong economy brings a breadth of opportunities for growing businesses, and there is no doubt that Boston has been enjoying an upward trajectory for some time. Indeed, the labor market in our region has far outpaced the country’s average year over year employment growth, and is among the top metropolitan areas when it comes […]
Liquidity Considerations for Nonprofits Implementing the New Financial Statement Presentation Framework
AAFCPAs advises nonprofits in assessing the impact of the new Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, and we provide guidance throughout the transition process. ASU 2016-14 affects nonprofit organizations in all industries (i.e. healthcare, affordable housing, social services, foundations and education) and is effective […]
The Question that changed my formula for success…
My life is pretty diverse, and I love the challenges it brings. Being co-managing partner of a nearly 200-person CPA firm is just part of it: I’m passionate about paving the way for young women in the industry, and always keep my family as top priority as well. Figuring out the formula to get to […]
Are You Ready for GDPR? Broad Reaching User Data Regulations Take Effect May 2018
In 2016, the European Union (EU) approved the General Data Protection Regulation (GDPR), which is effective on May 25, 2018. These regulations are much broader reaching than US CAN-SPAM or the Canadian Anti Spam law, and while many view this legislation as a positive step for consumer protection, GDPR introduces new challenges for organizations who collect and process […]