Thought Leadership Articles |
Our Thought Leadership articles offer you monthly insight on various industry topics, updates and trends.
Changes to NFP Reporting Standard Pt. 6
In our last thought leadership article relating to the Financial Accounting Standards Board’s ASU 2016-14’s “Presentation of Financial Statements of Not-for-Profit (NFP) Entities” we began the discussion about the new expense reporting…
Changes to NFP Reporting Standard Pt. 5
The next component of the Financial Accounting Standards Board’s ASU 2016-14’s “Presentation of Financial Statements of Not-for-Profit (NFP) Entities” relates to the new expense reporting requirement. Although not new to Voluntary Health…
Changes to NFP Reporting Standard Pt. 4
The Financial Accounting Standards Board (FASB) is striving for increased transparency so that readers of NFP financial statements will be able to tell how an organization is managing its financial resources and whether they will be able…
Farmers to Reap Benefits from Provisions of the Tax Cuts and Jobs Act (TCJA)
There is often uneasiness regarding the unknown surrounding tax reform. Business owners are left wondering if changes will impact them in a positive way. It appears that changes made by the recent passing of the TCJA may create better…
Changes to NFP Reporting Standard Pt. 3
After covering the area of net asset classification in our thought leadership article series relating to Financial Accounting Standards Board’s ASU 2016-14, “Presentation of Financial Statements of Not-for-Profit Entities,” the next…
Changes to NFP Reporting Standard Pt. 2
As we communicated in our first thought leadership series article relating to the Financial Accounting Standards Board’s ASU 2016-14, “Presentation of Financial Statements of Not-for-Profit Entities,” the most significant changes of this…
Changes to NFP Reporting Standard Pt. 1
As we mentioned before, 2018 will be a busy year for not-for-profit (NFP) organizations. The most important and time-consuming pronouncement issued by the Financial Accounting Standards Board (FASB) affecting organizations beginning with…
2018 Will be a Busy Year for Not-for-Profit Organizations
If your organization has a December 31st year-end, thoughts (or nightmares) of your upcoming financial statement audit and IRS Form 990 filing can’t be too far away. For many CFOs the workpaper preparation process has already begun. Also…