Educational Podcast: How to Right-Size Your Finance Function
Listen to PodcastClick here to listen to podcast or use the above media player. Over one third of CFOs surveyed report human resource limitations and team bandwidth as the PRIMARY challenge in meeting the expectations of their CEO. Nonprofit finance departments are often juggling the day-to-day accounting and bookkeeping responsibilities alongside more complex and time […]
IRS Releases Guidance on Accounting Method Changes for Small Businesses
On August 3, 2018, the IRS released Revenue Procedure 2018-40, which provides advance guidance for eligible small business taxpayers to apply for certain automatic accounting method changes introduced through the tax reform signed into law by President Trump on December 22, 2017. Rev. Proc. 2018-40 presents an amendment to Rev. Proc. 2018-31 to modify existing […]
CFOs Are Burdened by Human Resource Challenges
The unique and evolving skill sets of CFOs will continue to position them as a valued, strategic resource to executive leadership and one that may be leveraged across departmental lines. In light of today’s evolved finance function, businesses are hard pressed to find, engage, and retain finance talent with the requisite mix of capabilities and […]
AAFCPAs Advises on Internal Controls When Giving Employees a Business Credit Card
Businesses may receive many benefits when issuing credit cards to employees, including convenience and efficiencies when making purchases, improved expense tracking, and incentive rewards. However, AAFCPAs urges clients to stay vigilant, and make certain that adequate internal controls and protocols exist to ensure sound financial management.We have provided the following best practice recommendations to help […]
Educational Podcast: Cybersecurity in 2018
Listen to Podcast Click here to listen to podcast or use the above media player. Techniques of cyber-criminals continue to evolve. A recent study shared by InfoSecurity Magazine reports “Cyber-criminals have adopted an organizational shift in how they carry out their work, implementing corporate best practices and establishing professional businesses to increase the efficiency of their attacks […]
AAFCPAs to Lead System and Organization Controls (SOC) Reporting Forum for PrimeGlobal, National CPA Firm Association
AAFCPAs’ James Jumes, MBA, M. Ed has been selected to lead the North American System and Organization Controls (SOC) Reporting Special Interest Group (SIG) for PrimeGlobal, an international association of independent accounting firms. James is uniquely qualified to lead this national SIG, which will serve as a forum for peers to share their interpretations and implementations of […]
Educational Podcast: Unraveling the Mysteries of Employee Benefit Plan Costs
Listen to Podcast Click here to listen to podcast or use the above media player. Clients often ask “How much does my employee benefit plan cost, and how do costs relate to compliance and risks?” Plan costs are often buried and difficult for plan sponsors to truly figure out. In order to meet their fiduciary […]
Statement of Cash Flow 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. The new financial statement framework affects nonprofit organizations in all industries (i.e. healthcare, affordable housing, social services, foundations, and education) and […]
AAFCPAs Celebrates National Health Center Week
This week, August 12-18, 2018, is National Health Center Week, and AAFCPAs invites you to join us in celebrating the great work and significant impact of these consumer-driven and patient-centered organizations! Did You Know Health Centers… Serve as the health care home for more than 27 million patients in over 10,000 communities across the country; Reduce health care costs […]