Industry Outlook 2018: Not-for-Profit & Government

The 2018 Arizona CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the not-for-profit & government segment here in terms of growth, risk factors, strengths and trends. A variety of community outreach, research, academic, associations and charitable organizations responded to the CFO Spotlight Survey for the third[ … ]

Uniform Guidance Handouts

Organizations, including not-for-profit entities, receiving federal awards are subject to the new Uniform Guidance. The Uniform Guidance was effective for fiscal years beginning after 12/26/14 and supersedes guidance from previous OMB circulars. Most organizations will be impacted by these changes during their 2015 or 2016 fiscal year. Changes include increasing the threshold for requiring single[ … ]

Proposed Changes to Not-for-Profit Financial Reporting

The Financial Accounting Standards Board (FASB), the organization that sets accounting standards, is in the process of evaluating the current accounting and reporting requirements for not-for-profit organizations. FASB expects to issue an exposure draft with proposed changes to the existing required presentation of net assets and cash flows and current disclosures related to liquidity and[ … ]

Nonprofit Entities Mergers and Acquisitions Under the New Accounting Guidance

Many nonprofit entities are contemplating merging with or acquiring another organization as a response to the troubled economy of late.  Management of these nonprofits see the challenges presented to struggling organizations and consider mergers and acquisitions as a way to shore up finances, consolidate fundraising efforts and reduce administrative costs.  Mergers and acquisitions are also[ … ]