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 …
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, …
Koch's Corner: Staggering Effective Dates for Accounting Updates Read More »
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 …
Koch’s Corner: Accounting Changes for Non-Profit Contributions Read More »
Nonprofit Managers Library (www.mapnp.org/library/) The Foundation Center Online (www.fdncenter.org) National Charities Information Bureau (www.give.org) Nonprofit Resource Center (www.not-for-profit.org)