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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 […]

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.

AAFCPAs to Present Educational Workshop on Mitigating Fraud Risks for National Business Officers

AAFCPAs’ John Buckley, CPA, CGMA, along with AAFCPAs’ client Cynthia Fanikos, Chief Financial Officer, Saint John’s Preparatory School (Danvers,MA), will present an educational workshop titled “An Inside Job: Safeguarding Schools by Assessing and Mitigating Fraud Risks with Internal Controls and Cyber Security.” This session is part of the National Business Officers Association’s (NBOA) Business Office NOW: East […]

Guidance on New Lease Accounting Standard

In 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions.   AAFCPAs has summarized some of the most significant changes resulting from the new ASU for your convenience: [well type=””]AAFCPAs has provided a detailed Whitepaper providing guidance on the FASB’s new Lease standard so clients may […]

AAFCPAs to Present Educational Workshops on Affordability & Accessibility, FASB ASU 2016-14, and Lease Accounting at NBOA Conference

AAFCPAs has been selected to present educational workshops on three important topics at the National Business Officers Association’s 2017 Annual Meeting in Washington D.C. on February 26th – March 1st.  This is a must-attend conference for business officers and other independent school leaders, providing exceptional professional development programming and networking opportunities for over 1,000 independent […]

Josh England, Esq. to Present Nonprofit Legal Seminar on Online Fundraising

AAFCPAs Nonprofit Tax Strategist Josh England will volunteer his efforts and lead Lawyers Clearinghouse’s Legal Workshop for Nonprofits: Online Fundraising:  Is Your Nonprofit in Compliance? Online fundraising is a commonplace feature for many charities; however, many do not realize they are not in compliance with the myriad federal and state fundraising rules and regulations.  Is […]

Nonprofit Financial Statement Project/ASU Update – FASB Announces Transition Method and Effective Dates

The Financial Accounting Standards Board (FASB) reached much anticipated decisions regarding the transition and effective date for its Nonprofit Financial Statements Project, as of their most recent Board Meeting (3/30/16).  The proposed Accounting Standards Update (ASU) would affect substantially all nonprofits as well as creditors, donors, grantors, and others that use their financial statements.  Details […]

The Inside Job: As technology advances, so does the proliferation of more complex fraud schemes

The Inside Job: As technology advances, so does the proliferation of more complex fraud schemes

Net Assets Magazine | John Buckley, CPA, Partner, advises national, NBOA-member private schools to evaluate the intrinsic risks embedded in the potential rewards of technologies. From online tuition systems to point-of-sale credit card readers, established and emerging financial technologies foster greater efficiency for independent schools, along with superior convenience for vendors, parents, students and supporters. At the same time, […]

The Pervasive Impact of Revenue Recognition on Independent Schools

The effective date of Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers has been deferred for all entities by one year; however, AAFCPAs advises that Independent Schools start preparing now to determine how the new Revenue Recognition Standard affects your financial picture, your stakeholders, and the way you do business. How may […]

AAFCPAs’ Update on Decisions Reached in FASB NFP Financial Statements Project

The Financial Accounting Standards Board (FASB) continued its Phase 1 deliberations at its February 3, 2016 Board Meeting on the proposed FASB Accounting Standards Update (ASU), Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of Financial Statements of Not-for-Profit Entities. Significant Decisions Made at the Board’s February 2016 Meeting: The proposed ASU […]