Biggest Improvement of Financial Reporting Guidance in Two Decades for Not-for-Profit Entities
On August 18, 2016, the FASB issued a final ASU 2016-14, Not-for-Profit Entities (Topic 958), Presentation of Financial Statements of Not-for-Profit Entities, to improve financial reporting guidance for not-for-profit entities (NFPs). The existing financial reporting guidance was established in 1993 when the FASB issued the Statement of Financial Accounting Standards (AFAS) No. 117, Financial Statements […]
Detailed Information Required on New Medicare Cost Report
In April 2016, the Centers for Medicare and Medicaid Services (CMS) published the new Federally Qualified Health Center (FQHC) Cost Report, Form CMS-224-14. This form replaced Form CMS 222-92 for FQHC entities, and is effective for cost reporting periods (which typically coincide with the year-end) beginning on or after October 1, 2014. AAFCPAs would like […]
AAFCPAs Team Volunteers at Pine Street Inn
AAFCPAs’ Matthew Boyle, Kerrie Gondola, Norma Mendilian, David Consigli, Brendan Lawrence, Tiffany Coulam, and Jeanie Gorlovsky-Schepp volunteered their time at AAF client Pine Street Inn performing kitchen preparation, which is an example of team members living the firm’s core value of community service. Founded in 1969, Pine Street Inn serves more than 1,600 homeless individuals […]
Educational Podcast: Strategic Management of Net Assets
Listen to Podcast Click here to listen to podcast or use the above media player. In this inspiring session, John Buckley, Partner, advises nonprofits to include an analysis in their Strategic Plans of what is needed for working capital, reserves, long term investments, and a proactive plan to build them. Each of these “buckets” has […]
Guidance on How to Comply with Procurement Standards Under the Uniform Guidance
In December 2013, the Office of Management and Budget (OMB) issued the new Uniform Guidance (UG), which includes comprehensive reform rules affecting all nonprofits receiving federal grants and contracts. One of the areas of significant change under the UG is the procurement standards, a component of Subpart D, Post-Award Requirements, contained in Sections 200.317 through […]
AAFCPAs Partner Jeffrey Mead to Present on Big Data at the AAA 2016 Northeast Region Meeting
AAFCPAs Partner Jeffrey Mead, CPA, CGMA will present an educational workshop at the American Accounting Association (AAA) 2016 Northeast Region Meeting in October 2016. This technical forum is part of AAA’s educational programs to explore current issues and topics of interest to accountants, accounting educators, and researchers. Jeffrey will explore how big data and analytics […]
How to make community service part of your company culture
Worcester Business Journal | Carla McCall, CPA, CGMA writes about how a strong community service program can have a positive effect on employees and customers as well as the nonprofits receiving contributions.
Podcast: Cybersecurity & Fraud
Listen to Podcast Click here to listen to podcast or use the above media player. In this session, James Jumes, Partner, AAFCPAs Business & IT Advisory, warns of some of today’s most prevalent and damaging IT security risks and cyber threats, and provides advice on how organizations can take steps to protect themselves. James, joined […]
AAFCPAs Announces July 2016 Promotions
Please join AAFCPAs in congratulating the following professionals on their promotions effective July 2016: Amber Aubin, Daniel Cahill, Patrick Coakley, Nicholas Foresti, David Gravel, David Mercer, Sheng Wu, and Maggie Jing You have been promoted to Supervisor. Sabrina Bleakney, Morgan Buckley, Ryan DeCinto, Taylor Ezold, CJ Gheringhelli, Tom Haggerty, Pauline Legor, Matthew Murphy, Leanne Precopio, […]