Governmental & Nonprofit


Preparing for New Not-for-Profit Financial Reporting
 

Preparing for New Not-for-Profit Financial Reporting

Posted: October 16, 2017
As firms and not-for-profit (NFP) entities begin preparation to implement new financial reporting requirements, Ohio CPAs weigh in on some of the most significant upcoming changes.

Nonprofit Challenges: Accounting for Gifts-in-Kind
 

Nonprofit Challenges: Accounting for Gifts-in-Kind

Posted: August 2, 2017
Donations of goods and services are immensely valued by not-for-profits. However, before accepting these contributions, organizations should consider accounting standards and related guidance for gifts in kind.

How to Make the Most of Your Annual Form 990 Filing
 

How to Make the Most of Your Annual Form 990 Filing

Posted: July 31, 2017
To get the most out of Form 990, you’ll want to not only comply with IRS regulations, but also take into account the organization’s marketing and operating objectives. Here are some things to consider.

Top Issues for Not-for-Profits This Year
 

Top Issues for Not-for-Profits This Year

Posted: April 25, 2017
How can not-for-profits reassure donors that their contributions are in safe hands? What key implementation issues on new accounting standards updates are not-for-profits grappling with?



FASB
 

FASB's New Not-for-Profit Standard: Maintaining Auditor Independence

Posted: March 19, 2017
It's never too early to be prepared for the Financial Accounting Standards Board's new not-for-profit financial reporting standard, which goes into effect in 2018. With proper considerations, there are several areas where auditors can help clients implement the new standard.


 Nonprofit Finance and Accounting Trends for 2017
 

Nonprofit Finance and Accounting Trends for 2017

Posted: January 5, 2017
Several key factors will have a large impact on nonprofit finance and accounting in 2017, including an increase in part-time and outsourced staffing to address personnel needs, shifts in the nature of funding due to political instability, clustering of services between nonprofits, an increase in the number of for-profit CFOs moving to nonprofits, and an ongoing need for greater technology efficiency.

Interest group members discuss, research and monitor accounting and auditing issues affecting not-for-profit organizations providing interpretations of new standards through education and roundtables and serving as a liaison between the NJCPA and industry, government and other-related organizations.
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The comment letters below were prepared by the NJCPA Nonprofit Interest Group.