nonprofit

Reading Time: 1 minute The five-step approach to revenue recognition introduced with Accounting Standards Update 2014-09, Revenue from Contracts with Customers (ASC 606) has gone into effect and will be significantly...

Reading Time: 3 minute Good accounting practices are an important tool for managing a manufacturing business. Given the industry's uncertainty, it is crucial to fine-tune financial statements for users of them to review...

Reading Time: 3 minute   Internal controls are not typically a topic at management meetings until fraud occurs in the company or is in the news. The idea of fraud happening in business is generally considered preposterous;...

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Reading Time: 1 minute On April 14, the Governmental Accounting Standards Board (GASB) released a statement proposing the postponement of the effective dates of specific accounting and financial reporting requirements set...

Reading Time: minute Smith Schafer Audit Senior Manager, Adam Kellerhals, presented a live webinar discussing the new accounting standards as it relates to nonprofit organizations.