posts tagged as Accounting
By Barbara Finke | November 18, 2020
Is Your Organization Audit Ready?
Whether you are facing an audit for the first time or you have been audited for years, making sure that your nonprofit organization is ready can be overwhelming, especially given the challenges of COVID-19.
By Tammy Ricciardella | September 24, 2020
New Accounting Standards Update On Nonprofit Gifts-in-Kind
The Financial Accounting Standards Board (FASB) has issued the anticipated Accounting Standards Update on presentation and disclosures of contributed nonfinancial assets for nonprofits. Our latest blog post details how the gifts-in-kind...
Updated: Main Street Lending Program Now Open to Nonprofits
Recently the Federal Reserve announced an expansion to its Main Street Lending Program (MSLP) to aid nonprofit organizations impacted by COVID-19. Though the application process is not yet open, organizations should begin forecasting...
First Look: PPP Loan Forgiveness Application
On Friday, May 15, 2020, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application. Concurrent with the application’s release, the Department of the Treasury announced that...
By Tammy Ricciardella | February 10, 2020
FASB Issues Proposed Standard Related to Reference Rate Reform
With LIBOR on its way out, FASB has issued a proposed Standards Update governing a wide range of necessary contract modifications triggered by reference rate reform. It’s also laid out several temporary optional practical expedients to...