Webcast for Nonprofits: Simplifying Implementation of FASB ASU 2016-14
February 28, 2019 - FASB Accounting Standards Update (ASU) 2016-14 is the most significant update to nonprofit financial reporting since 1993. Watch the recording for a look at what you need to know about these changes. We provide implementation guidance as well as examples of the new financial statements and footnotes.
Webcast for Nonprofits: Disaster Recovery Basics: Planning, Testing and Training
January 24, 2019 - Planning your response to and recovery from the next storm, cyber attack, system failure, or other disaster is vital, but it can be challenging and time-consuming. Watch this webcast recording for an overview of Disaster Recovery/Business Continuity Plan objectives.
How Predictive Analytics Is Transforming NPO Fundraising
Perhaps the most important technological breakthrough for NPO fundraising in recent memory is predictive analytics. This technology is enabling NPOs to run more effective fundraising campaigns and quickly boost their fundraising results. Here's how your organization could benefit.
Challenges in Auditing GIK
Assessing an nonprofit’s policies and procedures related to valuing material gift-in-kind (GIK) transactions is an important part of an NFP audit. Because there is no single source of pricing that is appropriate for valuing GIK donations, it falls on the NFP to arrive at an appropriate estimate of fair value. Here are some key considerations.
The Importance of Cybersecurity Training
While your organization needs to have filters, processes, and controls in place, it’s important to not overlook the “doors” that can be left unlocked by employees and other network users.
Are Grants Subject to Revenue Recognition?
Classifying grants as either a contribution or exchange transaction is the first step in implementing revenue recognition. The clarified guidance in ASU 2018-08 aims to help nonprofits complete that first step in a consistent way across the sector. This article outlines a practical example of the process to evaluate a grant under the new ASU.
Final ASU 2018-08 Issued on Guidance for Contributions
The FASB issued ASU 2018-08 to clarify the accounting guidance related to contributions made or received. This ASU applies to all entities (including business entities) that make or receive contributions of cash and other assets, including promises to give and grants.
3Q 2018 Investment Commentary from Cornerstone Management
Equities rebounded in the third quarter, but a strengthening dollar and continued tightening by the Federal Reserve provided headwinds for other asset classes. Bryan Taylor of Cornerstone Management provides insight.
Webcast for Nonprofits: 2018 Nonprofit Tax Year-End Review
December 20, 2018 - It has been an interesting year for exempt organization (EO) tax issues. In addition to new rulings and announcements and EO tax form changes, the fallout from tax reform has taken center stage. Join us as we summarize the most important of the many changes and look toward 2019.
4 Steps to a Solid User Administration Process
Although it may seem like a small detail in the grand scheme of cybersecurity, a good user administration process plays an important role. Taking some basic steps will help your organization create a solid process and reduce your organization’s risk of a breach.