- 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
Proposed Changes to the Governmental Reporting Model
In September 2018, the Government Accounting Standards Board (GASB) issued a Preliminary Views document titled “Financial Reporting Model Improvements.” The document outlines a number of potential changes that GASB has researched since the project began in 2015. Aside from enhancing … read more
Posted in Articles
Tagged accounting, CAFR, financial statements, GASB, government financial statements, governmental accounting, Mike Hoerig
Comments Off on Proposed Changes to the Governmental Reporting Model
FASB Exposure Draft on Goodwill Reporting for Nonprofits
Now that we’ve all mastered the updated not-for-profit financial reporting model, and are well prepared to implement the new revenue recognition standard, what could the FASB possibly have in store for us next? If you guessed an update to the … read more
Posted in Articles
Tagged accounting, assets, FASB, financial report, goodwill, James Rebenar, nonprofit
Comments Off on FASB Exposure Draft on Goodwill Reporting for Nonprofits
Reconciling Cash to the County Treasurer – What a School District Needs to Know
Reconciliations are an essential internal control tool for numerous reasons. Internal control functions of a reconciliation include the identification of accounting and bank errors and to assist with preventing and detecting fraud by providing an independent review of the transactions … read more
Posted in Articles
Tagged accounting, Arizona, bank reconciliations, cash reconciliation, county treasurer, Sara Kirk, school district
Comments Off on Reconciling Cash to the County Treasurer – What a School District Needs to Know
What We Can Learn from Fraudsters
What can we learn from fraudsters? Within the last year in Arizona, there have been multiple fraud cases. The Arizona State Auditor General’s website has issued seven financial Investigation reports from January 2017 through May of 2018. This list includes … read more
Posted in Articles
Tagged accounting, fraud, internal controls, Melanie Askew, separation of duties, theft
Comments Off on What We Can Learn from Fraudsters
GASB Statement No. 75 – What Basics Do I Need To Know?
First, some general information. GASB Statement No. 75 (Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions) is accompanied by GASB Statement No. 74 (Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans); GASB Statement No. 74 relates … read more
Posted in Articles
Tagged accounting, Christopher Heinfeld, financial statements, GASB, government, OPEB, postemployment benefits
Comments Off on GASB Statement No. 75 – What Basics Do I Need To Know?
Fiscal Year End Reminders for Arizona School Districts
It is hard to believe that another school year has come to an end. This year in particular ended with a bang! Now that students are off for their summer vacations the business office will be busy with year-end close … read more
Posted in Articles
Tagged accounting, business office, compliance, deadlines, fiscal year, school district
Comments Off on Fiscal Year End Reminders for Arizona School Districts
Small Business Office? No Worries! Tips for Effective Segregation of Duties
Proper segregation of duties is an important internal control for any organization. By segregating duties between multiple employees, an organization can strengthen its processes and procedures to better detect errors, increase productivity, and mitigate the risk of fraud. The process … read more
Posted in Articles
Tagged accounting, best practices, internal controls, nonprofit, segregation of duties, Shauna Brewster
Comments Off on Small Business Office? No Worries! Tips for Effective Segregation of Duties