nonprofit

Revenue Recognition Case Studies

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...
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Financial Statement Concerns for Manufacturing Companies

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...
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Business Owners: Ways to Improve your Company's Internal Controls

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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A Day in the Life: Audit Principal, Jason C. Miller, CPA

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COVID-19 Relief for Accounting Standards

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FASB Delays Revenue Recognition and Leasing Standards

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GASB Calls for Accounting Standards Postponement

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...
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Revenue Recognition and Leasing Standards Affecting Nonprofits

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.
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