November 12, 2018 LIFO Lessons Learned When Reporting Inventory Costs Do the tax benefits of LIFO outweigh the financial reporting challenges? It’s not right for every business. Here’s how to … Read More
November 9, 2018 Make Your Nonprofit’s Accounting Function More Efficient If your nonprofit’s accounting staff is having trouble with its workload, look for ways to improve efficiency. Adopt these six … Read More
October 23, 2018 Why Your Internal and Year End Financial Statements Differ If your nonprofit’s periodic financial statements fail to jibe with your auditor’s year end statements, you may think someone is … Read More
October 17, 2018 The Fine Art Of Valuing Donated Property Your nonprofit should calculate the value of noncash donated items using fair market value (FMV). But that’s harder than it … Read More
October 15, 2018 Cloud Computing Setup Costs: Expensed Or Capitalized? Moving to the cloud? The FASB recently issued guidance on how to account for the costs of setting up business … Read More
August 31, 2018 When Should You Reconsider A Special Event? Special events can be huge moneymakers for nonprofits. But sometimes they can be money pits, costing much more than the … Read More
July 9, 2018 Is It Time To Adopt The New Hedge Accounting Principles? Some companies use hedging strategies to minimize the risk of earnings fluctuations. If your company uses hedging, you might want … Read More
June 15, 2018 Make The Most of Your Fundraising With Simple Metrics If your nonprofit wants to make better decisions when allocating limited fundraising resources, get in the habit of measuring your … Read More
June 1, 2018 Collaborative Arrangements Cause Reporting Headaches If you’re frustrated by the vague rules for reporting collaborative arrangements on your income statement, you’re not alone. Fortunately, relief … Read More
April 25, 2018 Accounting For Pledges Isn’t As Simple As It Might Seem If you don’t record donor pledges in the right financial period, you could run into audit issues and put your … Read More
April 23, 2018 Have You Conducted a Fee Equalization/Levelization? Fees in defined contribution (DC) plans can be complicated. Historically, fees have not been fully and simply disclosed, but the … Read More
April 16, 2018 Public vs. Private Companies: Different Accounting Rules From Main Street to Wall Street, businesses come in various sizes. One set of accounting rules can’t fit everyone, so … Read More
