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Reporting Jobs Created by Recovery Act Funds

The U.S. Office of Management and Budget has released updated Recovery Act guidance concerning jobs counting
February 16, 2010
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Moving to International Financial Reporting Standards (IFRS)

The AICPA recently reported in its CPA Letter Daily, “executives from three of the Big Four
February 4, 2010
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Revisiting Fair Value Measurement and Disclosure

The AICPA Accounting Standards Executive Committee has issued a draft issues paper, FASB Accounting Standards Codification™
January 21, 2010
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Do You Have A Split-Interest Agreement?

Split-interest agreements are contributions that are to be shared by the nonprofit organization and other beneficiaries. 
January 20, 2010
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Do the church’s auxiliary activities create a tax liability?

It’s dangerous relying on the assumption that all sources of income are exempt from federal income

IRS Renewed Interest in Compensation and Benefits Paid by Nonprofits: A Visit to the Private Inurement and Excess Benefit Transaction Topic in Today’s Environment

The new and expanded Federal Form 990 (return for exempt organizations) is an indication that the
December 21, 2009

Revenue Recognition for Multiple-Deliverable Revenue Arrangements – Early Adopt for 2009?

Do you have multiple-deliverable revenue arrangements (MDRAs)?  Do you fail the criteria in existing GAAP (EITF

GSA eMod – Rapid Action Modification (RAM)

On November 16, 2009 GSA introduced a new way to expedite administrative and deletion modifications via
December 16, 2009
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  • Aronson

GuideStar’s Nonprofit Economic Survey

GuideStar is an information service specializing in U.S. Nonprofit companies.  In December 2009 they published the
December 10, 2009
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ADVERTISING OR SPONSORSHIP…THE DIFFERENCE CAN BE A LOT OF $$$

Advertising revenue is considered “unrelated business income” (UBI) by the Internal Revenue Code (IRC) Section 513. 
December 8, 2009