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Educational Podcast: CFO Survey Report: Behind Every Thriving Organization is a High-Functioning CFO

Educational Podcast: CFO Survey Report: Behind Every Thriving Organization is a High-Functioning CFO

AAFCPAs, in collaboration with The Boston Chapter of Financial Executives International (FEI-Boston), conducted a survey of over 250 Chief Financial Officers in an effort to capture what issues are currently ‘top of mind’ for senior financial executives in the Northeast region of the United States. We asked CFOs to provide their thoughts, opinions, and experiences in an effort to glean insight into how the role may be evolving, and why.... continue reading

Educational Podcast: Keynote Marylou Sudders

Educational Podcast: Keynote Marylou Sudders

Marylou Sudders leads the largest executive agency in state government, overseeing a $22 billion state budget, twelve agencies and 22,000 public servants. EOHHS services directly touch the lives of slightly more than 1 in 4 residents of the Commonwealth. Sudders’ responsibilities include the state’s MassHealth (Medicaid) program that provides health coverage to 1.9 million low income or disabled residents, chairing the board of the state’s health care marketplace (The Connector),... continue reading

Educational Podcast: How to Right-Size Your Finance Function

Educational Podcast: How to Right-Size Your Finance Function

Over one third of CFOs surveyed report human resource limitations and team bandwidth as the PRIMARY challenge in meeting the expectations of their CEO. Nonprofit finance departments are often juggling the day-to-day accounting and bookkeeping responsibilities alongside more complex and time consuming tasks, such as: HR-related activities; optimizing revenue; mergers & collaborations; data & cyber security; managing the IT investment decision-making process; business process improvements; implementing new accounting standards; and... continue reading

Educational Podcast: Cybersecurity in 2018

Educational Podcast: Cybersecurity in 2018

Techniques of cyber-criminals continue to evolve. A recent study shared by InfoSecurity Magazine reports “Cyber-criminals have adopted an organizational shift in how they carry out their work, implementing corporate best practices and establishing professional businesses to increase the efficiency of their attacks against enterprises and consumers.” This means advanced persistent threats specifically targeted at your organization and employees. AAFCPAs presented this important, and informative session again this year, recognizing that IT security... continue reading

Educational Podcast: Unraveling the Mysteries of Employee Benefit Plan Costs

Clients often ask “How much does my employee benefit plan cost, and how do costs relate to compliance and risks?” Plan costs are often buried and difficult for plan sponsors to truly figure out. In order to meet their fiduciary responsibilities, plan sponsors must ensure they “pay only reasonable plan expenses…” among other things. Plan sponsors take on substantial personal risks. As a decision-maker, you are a fiduciary, personally liable... continue reading

Educational Podcast: The Tax Cuts and Jobs Act, and What Nonprofits Need to Know

Educational Podcast: The Tax Cuts and Jobs Act, and What Nonprofits Need to Know

The Tax Cuts and Jobs Act, known officially as H.R. 1, (The Act) represents a dramatic overhaul of the U.S. tax code, and includes widespread changes to the tax rules affecting charitable nonprofits. AAFCPAs’ Joshua England, JD, LLM, Trust, Estate, Tax and Nonprofit Attorney provides an overview of how The Act impacts nonprofits, including guidance on operational changes nonprofits may need to make right away. Josh also provides insight on how... continue reading

Educational Podcast: Nonprofit Executive Panel

Educational Podcast: Nonprofit Executive Panel

In this panel session, we took 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 interactive panel of nonprofit executives, who shared their real-life stories of adaptability in pursuit of long-term financial and programmatic sustainability. From mergers and collaborations, to creative revenue streams and unique... continue reading

Educational Podcast: Accounting Standards Update

Educational Podcast: Accounting Standards Update

In this educational podcast, AAFCPAs Nonprofit Assurance Practice leaders Matt Hutt, CPA, CGMA and Amanda Pelcher, CPA provide specific implementation guidance for major new 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 with greater efficiency and ease. Watch this video clip(1 min 43 sec) for a summary;... continue reading

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 expertise not found on the internal finance team. AAFCPAs provides financial management assistance on complex technical accounting... 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.