In construction, there is the phrase: “costs drive revenue,” meaning that the driver behind how you recognize revenue is your costs. Owners, estimators, project managers and accounting staff all need to fully comprehend a company’s true cost structure to clearly understand their financial position. This information needs to be presented to the appropriate people (management) […]
On April 22, 2015, the FASB issued a proposed Accounting Standards Update (ASU) entitled Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of Financial Statements of Not-for-Profit Entities. The proposed ASU is intended to improve the financial reporting of not-for-profit entities (NFPs) and to provide more useful information to the donors, creditors, […]
AAFCPAs’ Information Technology (IT)/Cyber Security Assessments Identify risks from the use of technology that could potentially cause information loss and/or financial and reputational harm to your organization. Our assessments follow industry best practices. In addition, we help determine if planned technology acquisitions comply with federal and state laws and company policies for protecting critical data […]
The fictional City Theatre Guild has been a staple of its community’s arts scene for 40 years. A large volunteer force produces shows, the shows routinely sell out, and supporters contribute adequately to an annual fundraising campaign. But looking to the future, the theatre guild sees a major obstacle. The nonprofit has outgrown the one-room […]
Do you rave about your board of directors’ performance, telling everyone you know about, for example, its fundraising accomplishments, useful feedback on your performance and success at solving big-picture problems? If you can answer “yes” to this question, acknowledge your good fortune and leadership ability. But if you can’t give such a glowing review of […]
Any nonprofit that has long-term volunteers realizes their value. They save your nonprofit the time and money you would spend training new volunteers. They also become ambassadors and recruiters for your organization. And through their knowledge and experience, long-term, or “repeat,” volunteers add value to your programs. So how do you keep this precious commodity […]
Alexander, Aronson, Finning, CPA’s, one of the 10 largest public accounting firms in Massachusetts, has announced the hiring of its first Chief Marketing Officer, Matthew Boyle, who arrived at the firm on May 28. Boyle, who has worked in marketing and sales for three Fortune 500 companies – Steelcase, Compuware, and Dun & Bradstreet – […]
Only CPA Firm to make the list We are very excited to announce that Alexander, Aronson, Finning & Co was named as a 2012 Boston Globe Top Places to Work. AAF is honored to be a recognized leader in the industry as rated by our team members for the third year in a row. David […]
If a fire ravaged your nonprofit’s building, your disaster plan would likely ensure that your valuable data would be saved and operations could continue. But what would happen if one of your key accounting people were seriously injured in a car accident tomorrow? Would your nonprofit be able to conduct business as usual until that person returned to work or […]