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Educational Podcast: Nonprofit Executive Panel

Educational Podcast: Nonprofit Executive Panel

Listen to Podcast Click here to listen to podcast or use the above media player. There’s nothing like being in a room full of like-minded peers to inspire creativity! In this closing panel session, we take advantage of this unique opportunity to leverage the collective expertise and experiences of peers to curate new ideas to help nonprofit clients improve their approach to sustainability. AAFCPAs Co-Managing Partner Carla McCall, CPA, CGMA moderated this... continue reading

Educational Podcast: 2018 Accounting Standards Update

Educational Podcast: 2018 Accounting Standards Update

Listen to Podcast Click here to listen to podcast or use the above media player. AAFCPAs Nonprofit Assurance Practice leader Matt Hutt, CPA, CGMA, Partner and Amanda Pelcher, CPA,  provide attendees with specific implementation guidance for new major standards, including: The Nonprofit Financial Statement Framework, Revenue Recognition, and Lease Accounting. Matt and Amanda provide operational insights and best practice recommendations on these complex technical accounting areas, allowing clients to confidently apply the standards... continue reading

MTRS Issues Final GASB 68 Report, Providing Charter Schools with Their Portion of Pension Expense and Revenue

AAFCPAs would like to make Massachusetts Charter School clients aware that the Massachusetts Teachers’ Retirement System (MTRS) has issued its GASB 68 “Schedule of Nonemployer Allocations and Schedule of Collective Pension Amounts” report for the year ended June 30, 2017. The Schedules are available here. >> AAFCPAs reminds clients, per Governmental Accounting Standards Board (GASB) Statement No. 68, Accounting and Financial Reporting for Pensions, employers in a special funding situation... continue reading

AAFCPAs to Present Educational Workshop for Board Fiduciaries at National Charter Schools Conference in Austin, TX

AAFCPAs has been selected to present an educational workshop on Training Your Board to be Better Fiduciaries at the National Charter Schools Conference in Austin, Texas, June 17-20. This is a must-attend conference for charter school teachers, leaders, board members, and advocates, providing exceptional professional development programming and networking opportunities for over 4,500 charter school professionals from across the country. Training Your Board to be Better Fiduciaries AAFCPAs Partner John Buckley,... continue reading

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 Boards of Trustees, the Guide no longer requires auditors to specifically review these conflict of... continue reading

AAFCPAs Recommends MA Charter Schools Revisit Their Credit Card Policies for Clarity in Light of New DESE Standards

The Massachusetts Department of Elementary and Secondary Education (DESE) Office of Charter Schools recently announced that, effective in fiscal year 2018, the Charter School Audit Guide will require auditors to determine if the school operates in accordance with its credit card policy. AAFCPAs recommends, accordingly, that at this time each charter school client review its current credit card policy for clarity, ensure it provides for adequate controls, and that the... continue reading

Ensuring Sustainability Means Nonprofits Need to Act Now

Ensuring Sustainability Means Nonprofits Need to Act Now

MassNonprofit News | Although nonprofits cannot control market forces and potential changes in funding, they can take steps to ensure sustainability and greater capacity by broadening the scope of their financial planning process.  AAFCPAs Jeffrey Cicolini, CPA, CGMA provides actionable insights to help nonprofits ensure long-term sustainability.

GASB Issues New Lease Accounting Standard

In June 2017, the Governmental Accounting Standards Board (GASB) issued Statement No. 87, Leases, which applies to entities following government accounting rules, including AAFCPAs’ clients in the Charter School industry, as well as other quasi-governmental organizations.  This guidance applies to most leases with a term of over 12 months.  These leases will now be recognized on the statement of net position of both the lessee and the lessor at the... continue reading

AAFCPAs to Present Educational Workshop on Strategic Budgeting at MNN Annual Conference

AAFCPAs to Present Educational Workshop on Strategic Budgeting at MNN Annual Conference

AAFCPAs will happily present an educational workshop on Rethinking Your Budget: Leading Your Organization through a More Comprehensive Financial Planning Process at the tenth annual, 2017 Massachusetts Nonprofit Network (MNN) Conference in Framingham, MA on November 1st. This is an exciting, must-attend conference for nonprofit executives, board members and advocates. It provides exceptional professional development and networking for over 600 nonprofit professionals and for-profit affiliates from across the state. We... continue reading

AAFCPAs releases 8-part educational podcast series, designed to help nonprofits thrive

AAFCPAs releases 8-part educational podcast series, designed to help nonprofits thrive

AAFCPAs is excited to announce the release of our 8-part educational podcast series offering actionable takeaways for organizations to improve efficiency, effectiveness and performance controls. This collection of podcasts is the 2nd series of recordings from AAFCPAs’ Annual Nonprofit Educational Seminar. These podcasts, and accompanying introductory videos, feature full audio of thought-provoking sessions recorded on May 3rd, 2017 in front of a live audience of 300+ nonprofit executives and board members.  Several... continue reading