Expert Panel - Not for Profit Entities

Expert Panel Projects

Not-for-profit entities are under constant pressure to devote an increasing portion of their expenditures to accomplishing their mission programs. This Journal of Accountancy article submitted by Joseph W. Cruitt, CPA, CGMA, on behalf of the AICPA Not-for-Profit Expert panel, reviews the appropriate considerations and allocation of joint costs to be in compliance with U.S. GAAP.

NFP Expert Panel member, Jennifer Brenner, in partnership with the entire NFP expert panel, produced and published an article in the August 2013 issue of the Journal of Accountancy which addresses some of the common difficulties in valuing contributions of gifts-in-kind. The article walks through the process of valuation and provides recommendations to assist in the establishment of a policy for acceptance and valuation of gifts-in-kind.

A new edition of Audit and Accounting Guide Not-for-Profit Entities is now available in eBook and paperback.

The Not-for-Profit Expert Panel has issued the following white papers that are of interest to those following not-for-profit issues:

Measurement of Fair Value for Certain Transactions of Not-for-Profit Entities

Industry News and Resources

The AICPA Not-for-Profit Section hosts a monthly webcast series to keep you informed about the latest trends affecting NFPs. Led by industry experts, all webcasts are 2 hours and both CAE and CPE-eligible. Members of the AICPA Not-for-Profit Section receive complimentary webcasts in March, June, September and December (one each quarter as shown on the calendar below). Plus save 20% on other webcasts offered throughout the year.

Access the webcast calendar.