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| A note to our members |
Giving season is in full swing! The year may be coming to a close, but the NFP Resource Library is not. We’ve added several new resources this week, covering budgeting and financial planning as well as executive sessions. See the trending topics below to make sure you have these great tips and downloads your NFP toolkit.
Also, if you’re still in need of CPE for 2019 and haven’t taken advantage of your NFP Section member self-study online course benefit, be sure to access the Annual Not-for-Profit Audit and Accounting Update and log 5.5 hours today!
Sincerely,
Chris Cole, Ashley Whitaker and Lana Richards
Technical Team, AICPA Not-for-Profit Section
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What’s the Plan? Best Practices in Not-for-Profit Budgeting and Financial Planning
A comprehensive financial plan can help a nonprofit achieve its goals and fulfill its mission. Follow these steps to make sure you have set your organization up to succeed and be able to adapt when you need to.
How to Conduct an Effective Audit Committee Executive Session
What is an executive session, and why is it important to a nonprofit audit committee? What are best practices for effective executive sessions? Read more.
Bonus tool for audit committee members: Download the accompanying Excel tool designed to help you conduct effective executive sessions.
FASB officially delayed 4 major standards
On November 15, FASB issued two Accounting Standards Updates (ASUs) that finalize delays to effective dates for standards on current expected credit losses, leases, hedging, and long-duration insurance contracts:
- Read FASB’s news release, which includes links to the new ASUs and a table that shows the changes in the effective dates by organization type.
- Refer to this article for information regarding which NFPs are subject to public-business-entity effective dates.
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NFP Resource Library
NFP Webcast Archive
ASU 2016-14 Resources
Revenue Recognition Resources
Sample Governance Policies
Tax Reform for NFPs
Form 990 Resources
NFP Section Benefits Guide |
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FEATURED RESOURCES |
These and other helpful resources are available exclusively for NFP Section members:
• Do you know your not-for-profit’s reputation? Recently updated!
• Save Our Charities Illustrative Financial Statements
• Form 990 Red Flags for 501(c)(3) Charitable Organizations
• Archived Webcast: Employment Taxes for NFPs (slides) |
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DISCOUNTED CPE |
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Don’t forget, NFP Section members receive 20% off AICPA not-for-profit online and self-study courses and 10% off AICPA publications like these: |
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UPCOMING EVENTS |
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Wednesday, December 11 (1-3 pm ET) – Form 990: Learn from the Experts FREE! Join us for an update on the latest issues affecting tax-exempt entities and the Form 990 series of returns via this annual, always-informative webcast. This webcast is complimentary for NFP Section members. Stay tuned for auto-enrollment information.
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Tuesday, January 14, 2020 (1-2 pm EST) - SSFS No. 1 - The New Forensic Standards FREE! Attend this webcast to review the new SSFS No. 1 set to roll out in 2020. Learn when to apply it and how to deal with questions regarding the requirement. We will also discuss some of the common questions and FAQs about SSFS No. 1 during the exposure period. This webcast is complimentary for all AICPA members. |
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| COMMUNITY |
| Learn, share and connect! Join us on Facebook or start a conversation in our members-only LinkedIn Group. Tweet using the hashtag #AICPAnfp. If you’re going to a conference, use any of these avenues to connect with fellow NFP Section members. |
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