Articles

FASB Issues Final Private Company Accounting Alternative for Goodwill

FASB issued an Accounting Standards Update that provides nonpublic entities with an accounting alternative intended to simplify the goodwill impairment model. Background On January 16, 2014, the FASB issued Accounting Standards Update (ASU) No. 2014...

Getting Your Finances In Shape

It's not too late to review your accounting and financial practice to ensure your organization is ready to handle whatever may come its way for the the remainder of the year. Consider the following: 1. Get Your Chart of Accounts in Shape Your chart...

Client Alert: New OMB Overhead Regulations

The US Office of Management and Budget (OMB) announced the finalization of a new regulation impacting small nonprofits. OMB announced the finalization of new regulations increasing the audit threshold from $500,000 to $750,000 in annual Federal...

The Budget Primer: Building and Using Budgets Better

This recorded webinar, presented by AMS Consultant Paul Konigstein, uses real world nonprofit examples on how to build a budget and use that budget to advance the organization’s mission. Key take aways from the webinar: How to create a budget using...

To Move or Not to Move ERP to the Cloud?

There are several aspects to consider when choosing to implement a fully integrated inventory and accounting (ERP) system – one of them being whether or not to implement the software via the cloud or as an on-premises solution. The term “cloud” is...

The Patient Protection and Affordable Care Act An Employer Strategic Decision

The Patient Protection and Affordable Care Act (ACA), commonly referred to as ObamaCare, was signed into law by Congress on March 23, 2010 as an ambitious reform to help provide health insurance to the estimated 45 million Americans who are...

Preparation helps nonprofits ensure a trouble-free audit

In the last decade the financial landscape and the audit process for nonprofits have evolved and so have demands on auditors and their nonprofit clients. Once upon a time, it was common practice for auditors to assist their clients with...

Policies & Procedures Tips from the Experts

Our consultants at AMS have pooled their collective knowledge and years of experience to create a Policies & Procedures E-book. This e-book is designed to present organizations of all sizes with valuable insight into the preparation of a finance...

Are You Outgrowing Your Accounting System?

An organization’s accounting system is an integral piece of its operations and should evolve with its needs. Most companies start out using an accounting system specifically designed for small businesses, such as QuickBooks, Peachtree, or FreshBooks...

Revenue Recognition at SaaS Companies: Three Tips for Your Sales Team

Revenue recognition principles are used to determine the accounting period in which revenues, and sometimes their respective expenses, are recognized. Because Software-as-a-Service (SaaS) companies provide products and services under a subscription...
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