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- Preparing for the Future of Single Audits: Navigating the Latest AICPA Guidance
- Common Audit Requests for Selections and the ADM 15
- 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?
Tag Archives: nonprofit
Tips for a Successful Silent Auction
So, your organization has decided to hold an annual fundraiser. Maybe you have decided on a fundraising dinner event, with entertainment and an MC to facilitate the event. “What are some ways to generate revenue at this event?” your organization … read more
Posted in Articles
Tagged Arizona, auction, donations, fundraising, internal controls, nonprofit, NPO
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Net Asset Requirement Changes for Non-Profits
Posted November 8, 2017 Presentation by Kara Jungbluth, CPA, Audit Manager
Posted in Videos
Tagged accounting, Arizona, assets, FASB, financial statements, nonprofit, NPO
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Revenue Recognition for Pledges
Pledges can be the lifeblood of a non-profit, and while your development department may be eager to record every promise they receive, there are several items the accounting department must consider. To be eligible for revenue recognition, the pledge needs … read more
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Tagged accounting, donations, financial statements, nonprofit, NPO, pledge, revenue
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Basic Financial Policies for Non-Profits
Financial policies play an integral role in the success of non-profits. Financial policies guide how staff and Board members are expected to operate, while providing clarity and setting expectations. Non-profits are also required to disclose whether they have certain policies … read more
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Tagged accounting, Arizona, board, CPA, CPA firm, Form 990, internal control, nonprofit, NPO, policies, procedures
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How to Make Corporate Sponsorships Work for You
Has your nonprofit organization ever tried to organize an activity or special event, only to realize that you lacked the necessary funding to support it? Did you consider partnering with a local business as an option to cover the expense? … read more
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Tagged accounting, Arizona, charity, corporate sponsorship, CPA, CPA firm, event, fundraising, nonprofit, NPO
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Coming Soon! Change to Not-for-Profit Expense Reporting (Part 2)
As discussed in Part 1 of this blog series, one of the new requirements under Accounting Standards Update 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, is enhanced disclosures over the methods used to allocate costs among program and support functions.Allocation … read more
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Tagged Arizona, classification, expenses, FASB, financial statements, functional expenses, nonprofit, NPO, support services
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Coming Soon! Changes to Not-for-Profit Expense Reporting (Part 1)
For the first time in 20 years, FASB has made some major updates to the not-for-profit financial reporting and disclosure model. Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities was created to improve … read more
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Tagged Arizona, classification, expenses, FASB, financial statements, nonprofit, NPO
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