Chart of Accounts, SBANE EOI, OMB Regulations, FASB & More

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…