Non-Profit

Koch’s Corner: Goodwill Triggering Events

Koch’s Corner delivers concise, “need to know” summaries of important updates on accounting and assurance issues for privately-held companies. By Richard Koch, CPA Director of Quality Control at Gray, Gray & Gray In March 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2021-03, “Intangibles – Goodwill and Other (Topic 350) …

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Press Release

Tomorrow Education Foundation Building Schools – and Hope – for Children in Cameroon

Canton, MA (February 17, 2021): Creating opportunity through education in one of the world’s poorest countries is a tall order. But that is a challenge eagerly accepted by Blaise Mbargorba, a 7-foot tall basketball player who recently graduated from Boston University. A native of Cameroon, Mbargorba, he was able to turn his height and athletic …

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Articles

Why Non-Profits Need to Think Strategically

By Michael L. Cecere, CPA, MST Gray, Gray & Gray, LLP Non-profit organizations that exist to address the needs of society occupy a special place in the business universe. Whether the mission is to provide support for disadvantaged communities, enlighten lives through art and culture, fund medical research, further a cause, or any one of …

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Koch's Corner

Koch's Corner: Staggering Effective Dates for Accounting Updates

Koch’s Corner delivers concise, “need to know” summaries of important updates on accounting and assurance issues for privately-held companies. By Richard Koch, CPA Director of Quality Control at Gray, Gray & Gray Accounting standards are the bedrock on which CPAs and other financial professionals base their judgements. But sometimes even bedrock shifts, and accounting standards, …

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Koch's Corner

Koch’s Corner: Accounting Changes for Non-Profit Contributions

Koch’s Corner delivers concise, “need to know” summaries of important updates on accounting and assurance issues for privately-held companies. By Richard Koch, CPA Director of Quality Control at Gray, Gray & Gray In 2018, the Financial Accounting Standards Board (FASB) issued ASU 2018-08 clarifying the scope and the accounting guidance for contributions received and contributions …

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