- Documenting Board Approval for Payroll Contracts
- Travel Reimbursements – Tips for Uncommon Scenarios
- Why Segregation of Duties Matters in an IT Environment
- Don’t Hold Your Breath: Why Water and Wastewater Rates in Arizona Aren’t Falling Anytime Soon
- Do Your Due Diligence!
- What Happens When Cash Isn’t Reconciled
- Adjacent Ways Projects: Capitalize or Expense?
- Excel Made Easy – VLOOKUP and XLOOKUP
- Physical Inventory Considerations
- I Submitted a December Budget Revision, Now What?
Tag Archives: accounting
Effective School Board Governance to Improve District Performance
Many research studies have been conducted to examine the characteristics of school boards in high-performing districts. These boards are shown to have distinctly different characteristics than low-performing districts, resulting in the conclusion that strong, effective school board governance impacts district … read more
Posted in Articles
Tagged accounting, Arizona, CPA, CPA firm, governance, management, oversight, responsibilities, school board, strategic plan
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Practical Internal Controls for Small Organizations
Our firm works with organizations with varying staff sizes, but regardless of size, every organization must implement a system of internal controls over key financial processes and financial reporting.While this can be difficult for small organizations where many employees “wear … read more
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Tagged accounting, Arizona, audit, compliance, CPA, CPA firm, fraud, internal control, job responsibilities, nonprofit, oversight, theft
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Uniform Guidance – Brief Overview of the Methods of Procurement
Posted March 27, 2017 Presentation by Eugene Park:
Posted in Videos
Tagged accounting, audit, compliance, government, nonprofit, NPO, OMB, procurement, purchasing, uniform guidance
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Allowable Travel Meal Expenses
Several questions often arise when processing travel reimbursements: Was it an overnight trip? Where did the employee travel to? Were any meals provided at hotels and/or conferences? What is our policy on receipts? Once all these questions are answered, you … read more
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Tagged accounting, accounting manual, Arizona, CPA, CPA firm, employees, expenses, government, meal, rates, reimbursement, SAAM, school district, travel
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GASB Statement No. 54 – A Refresher
The Governmental Accounting Standards Board (“GASB”) approved Statement 54 in February 2009 and made it effective for the fiscal year ending June 30, 2011. Implementation back in FY 10-11 required a deep analysis of an entities’ activity. In some cases, … read more
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Tagged accounting, adjustment, Arizona, capital project, classification, CPA, financial report, GASB 54, government, school district, special revenue
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Using the “Green Book” to Set a System of Internal Controls
The Standards for Internal Control in the Federal Government, also known as the “Green Book,” sets the standards for an effective internal control system for federal agencies. These control standards are widely adopted by state and local agencies as part of … read more
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Tagged 501c3, accounting, Arizona, audit, compliance, CPA, CPA firm, Federal, government, Green Book, internal audit, internal controls, IRS, nonprofit, NPO, risk assessment
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What to Look Out for when Reviewing Bank Reconciliations
The bank statement reconciliation process is one, if not the most critical, of an organization’s internal controls. To ensure appropriate segregation of duties, it is important that bank statements and reconciliations are reviewed by someone other than the preparer, especially … read more
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Tagged 501c3, accounting, audit, bank reconciliations, government, internal audit, internal controls, nonprofit, NPO, review, segregation of duties
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