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AMS Resources

These pages are intended as a resource for CFOs, controllers and other accounting and finance professionals

Talking to Your Board About UPMIFA

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There’s a new regulation to contend with – the Uniform Prudent Management of Institutional Funds Act (or UPMIFA). UPMIFA updates an older law (from the 1970s) called UMIFA, the Uniform Management of Institutional Funds. [It’s been said that UPMIFA has the extra “P” added for “Prudence.”]

While still untested, and with some states slow to adopt (three states have yet to consider UPMIFA this year), UPMIFA provides important guidance to nonprofit directors and their boards but creates some pockets of uncertainty.

This white paper details what you need to know about the general requirements of UPMIFA and some guidance on how to prepare your board for their role in determining a prudent course of action with regard to your organization’s endowments.

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An AMS 1-2-3 IPO Guide: IPOs Have Windows?

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In the world of Initial Public Offerings (IPOs), there are often well-recognized windows of opportunity. Typically, a down economy interrupts the flow of IPOs and diverts investment dollars into other vehicles, especially those seen as less risky. But today’s IPOs are more like going to the bank for a loan than the high-risk/high-potential reward investment they once were. Companies are more focused than ever on showing investors how they will protect their investment and allow them to get their money back. But there is still only a limited period of time where IPOs are feasible.

Read more: An AMS 1-2-3 IPO Guide: IPOs Have Windows?

 

Healthcare Reform & Profitability

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Recently, Kevin Zerrenner, Director of Healthcare and Human Services at Accounting Management Solutions, contributed an article to Health Care Finance News, the leading publication for health care finance executives.

Kevin shares his unique wit and wisdom as his recent visit to the doctor’s office caused him to carefully consider the personal implications of healthcare reform. If you prefer getting stuck with a small needle to the BIG needle, be sure to read on…

Read more: Healthcare Reform & Profitability