Nonprofit Accounting Basics

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FASB ASU 2016-14: Liquidity - Organization Liquidity is More than Cash

Originally Posted: September 24, 2019

The new nonprofit financial statement format, ASU 2016-14, is currently being adopted by nonprofit organizations because the standard is generally effective for calendar 2018 and fiscal 2019 year-e

Taxpayer First Act Mandates E-Filing for All 990 Series Returns

Originally Posted: August 29, 2019

On July 1, 2019, the President signed H.R.

Lease Means More: The Impact of ASC 842, Part Two

Originally Posted: July 22, 2019

Accounting Standards Update No.

Be Prepared: Why Enterprise Risk Management is Essential for Nonprofits

Originally Posted: June 19, 2019

Corporations and organizations have long understood the value of systematic planning for worst-case scenarios to avoid unwelcome surprises, known as enterprise risk management (ERM).

Melissa Musser, CPA, CISA, CITP

Gelman, Rosenberg & Freedman

Is Your Data Protected for Phishing Attack?

Originally Posted: May 24, 2019

No matter what kind of organization you run, if you use the internet, you are at risk of a cyberattack.

Amisha Patel, CPA

Johnson Lambert LLP

Does Your Organization Own Collections?

Originally Posted: May 10, 2019

To align its definition of “collections” with that used by the American Alliance of Museums, the FASB issued Accounting Standards Update (ASU) 

Lease Means More: The Impact of ASC 842, Part One

Originally Posted: April 22, 2019

The Financial Accounting Standards Board (FASB) released Accounting Standards Upda

Karis Call

Rubino & Company, Chartered

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