Weaver’s Not-for-Profit Practice Leader, Jackie Gonzalez and Partner-in-Charge-Adam McCane share the latest audit and accounting updates for not-for-profits, including best practices as your organization looks forward to implementing upcoming standards as well as accounting considerations for…
Not-for-profits face unique accounting and reporting issues, and after a turbulent year filled with change, there are still many questions around the recently issued accounting standards as well as how to account for COVID-19 related efforts.
2021 FASB Update for Not-for-Profit…
The Financial Accounting Standards Board (FASB) has proposed a historic change to its approach in establishing effective dates for new accounting standards. This proposal comes after constituents insisted that small public companies and private entities generally need more time to adopt major…
The Financial Accounting Standards Board (FASB) is proposing review and comment to allow private companies, not-for-profit organizations and certain small public companies more time to apply FASB standards for leases, hedging and current expected credit losses (CECL). Stakeholders should provide…
The Financial Accounting Standards Board (FASB) released an accounting standard on May 30, 2019, that allows not-for-profit organizations to use simpler, less expensive techniques available to private companies to report goodwill and certain identifiable intangible assets.
The recent…
Board members governing notorganizations can’t miss signs of financial distress such as losing funding sources, defaulting on loans or leaving employees unpaid. Most of the time, though, such crises aren’t sudden; instead, there were subtle indicators that went unnoticed. By keeping an eye out…
This webinar dives deep to explore how upcoming standards ASU 2014-09 (contracts with customers), ASU 2018-08 (contributions) and ASU 2016-02 (leases) will affect your day-to-day accounting as well as your audit. We will help you:
Understand the changes being made in each of these…
As ASU 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, becomes effective, we want to help you make sure your organization is ready.
In this webinar, we:
Review the effects of ASU-2016-14 on your financial statements Show you sample financial statements…
Back in 2013, the U.S. Office of Management and Budget issued new rules governing procurement for organizations that must comply with Uniform Guidance for grant reporting. Nonfederal agencies received a grace period until December 25, 2017, to get their policies and documentation in order, but…
Accounting matters
Keep the heart of your not-for-profit beating
Your accounting department is the heart of your not-for-profit. Although departments such as programming or fundraising may seem to have more obvious relationships with your not-for-profit’s mission, your accounting…
Executive Resource Center