Major changes are ahead for the presentation of nonprofit financial statements, thanks to Accounting Standards Update (ASU) No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities. Unveiled in August 2016…
Ongoing ERISA Requirements for Employers Offering Retirement Plans
Whether it is a defined benefit plan or a 401(k) account, retirement plans are an important part of the benefits package a company uses to attract and retain top talent….
Expenses Reporting Changes in Store for Nonprofits under FASB ASU 2016-14
Last summer, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, which significantly alters the financial statements of nonprofits….
Unclaimed Property in Pennsylvania: Reportable Sooner and Increased Enforcement
Businesses and organizations that hold financial assets (like uncashed checks or forgotten bank accounts) or certain tangible items (including items left behind in safe deposit boxes) belonging to Pennsylvania residents…
Changes Ahead for Not-For-Profit Financial Reporting
On August 18, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, aimed at making financial reporting less…
