Matthew Hutt
FASB Issues Revenue and Expense Recognition Standard for Nonprofit Grants and Contributions
On June 21, 2018, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contribution Made intended to address the diversity in practice among not-for-profit organizations for grant and contribution accounting. ASU 2018-08 applies primarily to nonprofits, […]
Merger talks with Partners go on after Harvard Pilgrim CEO's abrupt departure
Boston Business Journal | CEOs traditionally play important roles in the merger discussions involving other health care systems throughout the state. But experts say whether Schultz’ departure hurts or helps a merger depends on his role in the conversations up to this point. “If the former CEO Eric Schultz was a driving force, this could […]
AAFCPAs Healthcare eBook: Strategic Guidance for Healthcare Executives
Running a healthcare operation was complex even before recent activity shook the industry into a near-constant state of flux. Whether considering the shifting relationship between payers and providers, increased cyber-security threats, outcomes-based models, or any of the seemingly countless concerns, the need for organizations to stay one step ahead of change has never been so […]
AAFCPAs Nonprofit Revenue Recognition Guidance Webinar Available OnDemand
AAFCPAs’ Matt Hutt, CPA, CGMA, Courtney McFarland, CPA, MSA and Emily Donnelly, CPA provide nonprofit finance executives with an understanding of how the new standards could impact revenue recognition and company policies, and what they should be doing now to prepare for adoption. This webinar was presented and recorded live, May 23rd, 2018 in AAFCPAs’ recording studio in […]
AAFCPAs Leads 340B Primer at Mass League CFO Forum
AAFCPAs’ Matt Hutt, CPA, CGMA and Courtney McFarland, CPA, MSA, in collaboration with the Massachusetts League of Community Health Centers (The League), will present an educational 340B Compliance Primer on June 6th, 2018 from 11am – 12:30pm as part of The League’s CFO Forum at the Mass League Training & Learning Center, Worcester, MA. This educational primer will: Provide […]
Medicaid Cost Report Webinar OnDemand; 340B Primer June 6th
Medicaid Cost Report Webinar OnDemand AAFCPAs’ Healthcare Practice leaders Matt Hutt, CPA, CGMA, and Courtney McFarland, CPA, MSA, in collaboration with the Massachusetts League of Community Health Centers (The League), presented a timely Medicaid Cost Report Training session for MA community health centers on May 31st 2018. This webinar is now available OnDemand so you may benefit from our knowledge & […]
AAFCPAs to Lead Medicaid Cost Report Training Providing Critical Guidance for June Filing
AAFCPAs’ Matt Hutt, CPA, CGMA and Courtney McFarland, CPA, MSA, in collaboration with the Massachusetts League of Community Health Centers (The League), will present this timely Medicaid Cost Report Training sessions for MA community health centers. Matt and Courtney will be joined by AAFCPAs’ client Mel Benson, CFO of Brockton Neighborhood Health Center. As a reminder, all CHCs, regardless […]
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. […]
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 […]