Accounting & Assurance
Blog: Challenges Faced by Not-for-Profit Organizations in Adopting the New CECL Standard
By: Cristopher Sefransky, CPA, CFE, LSSGB Our industry is well over a year into implementation of the transitional guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Update…
Continue ReadingBlog: The Hidden Cost of Government Grants
By: Cristopher Sefransky, CPA, CFE, LSSGB Government grants are a critical source of support revenue for nonprofit organizations. Grant awards exist for a multitude of different types of organizations…
Continue ReadingNew Law Raises NonProfit Audit Threshold in NJ
N.J. Governor Murphy signed legislation that effective immediately raises the threshold at which a nonprofit must undergo an audit from $500,000 to $1 million in gross revenues. It also provides that in-kind…
Continue ReadingPreparing for Revenue Recognition and Lease Accounting Changes
Is your company prepared to implement the upcoming Revenue Recognition changes or the new Lease Accounting Standards? We have prepared a memo to familiarize you with the guidance from the Financial Accounting…
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