It’s a Wrap! See pictures from our 10th Annual Nonprofit Seminar.
AAFCPAs’ 10th annual Nonprofit Educational Seminar and Reception was an extraordinary success, and we were delighted to welcome such a great group, 300+ people! There’s nothing like being in a room full of like-minded peers to inspire creativity, and we look forward to continuing to develop agendas that educate, challenge, and offer clients and friends a […]
The Impact of Revenue Recognition on Healthcare
Revenue Recognition: ASU 2014-09, Revenue from Contracts with Customers (Topic 606), is effective for public business entities, and certain not-for-profit entities that have publicly traded conduit (or direct) debt, with annual reporting periods beginning after December 15, 2017. All other entities are required to adopt this by annual reporting periods beginning after December 15, 2018. […]
AAFCPAs’ Business Process & IT Advisory Practice to Present Cyber Security Session to National Jewish Cemetery Association Members
Vassilis Kontoglis, manager in AAFCPAs’ Business Process & IT Advisory practice, will present an educational workshop at the 10th Annual Jewish Cemetery Association of North America (JCANA) Conference scheduled for June 4th – 10th, 2018. The theme of this year’s Conference is “Bringing Jewish Cemeteries into the 21st Century,” and this includes managing risks associated […]
AAFCPAs Presents Workshop On Nonprofit Financial Statement Framework for Worcester Community Foundation
AAFCPAs’ Amanda Pelcher, CPA, is happy to provide insight to the Greater Worcester Community Foundation’s network of nonprofits during a workshop she will give on Understanding the New Nonprofit Financial Statement Presentation Standards, on May 23rd, 2018 in Worcester, MA. Understanding and implementing accounting standards can be complex, time-consuming, and often requires requisite skills and […]
AAFCPAs’ David Consigli Earns Patent Valuation Credential
AAFCPAs’ Director of Business Valuation Services, David Consigli, Jr., CPA, ABV, CPVA, CDFA has been awarded the Certified Patent Valuation Analyst (CPVA) credential issued by the Business Development Academy (BDA). Dave was awarded the CPVA credential in recognition of his earned expertise in valuation of emerging technologies, negotiating licensing agreements for maximum returns, advanced patent […]
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 […]