E Cohen CPAs Nonprofit Industry News
E. Cohen & Company CPAs, Here Are Your Articles for Thursday, June 06, 2019
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Don’t Delay Implementing New Revenue Recognition Standard

If you haven’t started making changes in light of the new revenue recognition standard, it’s time to get with the program. Accounting for revenue has now become much more complex, and those who delay adopting the new rules could face serious business risks.

Navigating Nonprofit Accounting Compliance

Tax-exempt organizations have seen significant changes to financial accounting and reporting standards in recent years. Implementing new standards can be challenging, but the cost of noncompliance can be devastating: a tarnished reputation, loss of funding, or even revocation of exempt status.

Using Ratio Analysis to Manage Not-for-Profit Organizations

This article’s focus is on the use of financial ratios in trend analysis and benchmarking to improve the effectiveness of management and boards charged with monitoring not-for-profit organizations, specifically those not-for-profits that file Form 990.

Reform of Non-Profits Financial Statement Presentation

This article presents an example of the new financial statement presentation (FASB ASU 2016-14) for a non-profit organization. The statement affects the face of the financial statements and the footnote disclosures and is effective for fiscal years ending 2018 and going forward.

Opportunity Zones Skip Over Hard-Hit Rural Places

Many rural communities, like many urban neighborhoods, need outside investment to create jobs, build affordable housing, provide critical services, and incent broadband and renewable energy infrastructure. So why are rural communities barely targeted in the Opportunity Zone marketplace?

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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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