We recently discussed ASU 2018-08, which addresses procedures to account for contributions and exchanges. Our previous article covered whether a transaction is a contribution or exchange. In this piece, we’ll [...]
Most nonprofits know they need to document how their grant funding is used. And while there were previous rules from multiple sources, CFR (Uniform Guidance) brought them together—streamlining and consolidating [...]
Collegiate athletics programs are used to being in the public spotlight, with coaches, student-athletes and team performance featured in the media every day. Financial information is not exempt from this [...]
The Governmental Accounting Standards Board (GASB) has issued Implementation Guide No. 2019-3 to clarify and elaborate on the requirements of Statement No. 87, Leases. Statement 87, released in June of [...]
The Governmental Accounting Standards Board (GASB) recently issued a new implementation guide regarding standards on accounting and financial reporting for fiduciary activities. Implementation Guide No. 2019-2, Fiduciary Activities, is a [...]
When funding sources dry up for higher education entities, public television and radio stations must rely more on listener support and grant funding from the Corporation for Public Broadcasting (CPB). [...]