Nonprofit Resources
How to Ensure Effective Board Training
Board members are often well-intentioned, but they are not always well-equipped. Follow these tips help your board members become more effective in their roles and therefore better at providing both oversight and insight for your church.
Nonprofit Issues Newsletter, Fall 2016
A look at how to prepare for the pending FASB financial reporting standards, insight on the new AICPA Not-for-Profit Certificate Program, and more.
What a Successful Church Accounting Department Manager Looks Like
Running a church accounting department requires a variety of skills. This overview will help you consider whether your church is being well-served and what areas may need improvement.
How to Train Church Finance Department Workers
Everyone, from tax preparers and mechanics to doctors and surgeons, needs to receive ongoing and informed training to do their job well. This is also true of the individuals responsible for the financial matters in your church.
FASB Issues ASU on Financial Statements for Not-for-Profit Entities
August 18, 2016 - The Financial Accounting Standards Board (FASB) today issued Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities.
Internal Control Weaknesses: “I Know Someone Who…”
Many ministries have questions about internal controls and how to effectively address or prevent vulnerabilities. This article looks at some of the specific internal control weaknesses that can exist in a church and why they are a concern.
New IT Security Threat Targeting Finance Departments On the Rise
A hacked email account. A perpetrator posing as a senior leader and requesting a fraudulent funds transfer. This may sound like a movie plot, but it is a reality we see playing out more and more. Learn more about this type of IT security breach and four recommendations for preventing it.
Overview of the FASB Accounting Standards Update on Leases
What you need to know about the FASB Accounting Standards Update (ASU) on financial reporting for leasing transactions, plus action items for consideration.
Common Church Finance Department Mistakes and How to Remedy Them
A look at some of the common mistakes made in church finance departments and how these mistakes can be remedied.
Renewed Attack on Minister’s Housing Allowance
April 20, 2016 - On April 6, 2016, the Freedom From Religion Foundation renewed its attack on the minister's housing allowance by filing a complaint. This is only the first step in what will probably be a several-year court proceeding.