The discussions on the revisions to lease accounting are starting to get technical. I am going to continue discussing the proposed revisions but will do so on my other blog, Attestation Update. If you think that stuff is cool, check out that blog for a May update and future discussions.
Nonprofit update
Nonprofit finance, accounting, and tax news
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Recent Posts
- Updated warning for tsunami on the horizon for charity financial statements.
- Major privacy bill approved in California
- Food for the Poor’s response to news articles
- More articles discussing the California AG’s enforcement actions over medical GIK
- Guest post: Implementation of ASU 2016-14 Presentation of Financial Statements of Not-for-Profit Entities
- 2018 nonprofit risk alert is available. New edition adds discussion on valuation of GIK as rebuttal to California AG.
- Some additional news reports on the California AG’s enforcement actions
- Once again: The time left to clean up the valuation of GIK meds is running out.
- Regulators have serious problems with how the nonprofit community is accounting for donated medicine.
- Some details in the appeals filed by 3 charities
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Top Posts in past few days
- Standard mileage rates for 2018
- 10 leading causes of death in 1850 and 2000
- Rationalization – the final side of the fraud triangle
- Ratio analysis for church loan
- Test for ethical behavior – what will this look like on the front page of the newspaper?
- Verify state exempt status - You can look up the status of an organization with the California Franchise Tax Board
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