Looking at Leases with Molly Stinn: A Six-Part Series 

Molly Stinn, CPA, is an Equity Director at the firm.

 

Why is there a new lease standard? 

In its review of SEC registrants, the Financial Accounting Standards Board (FASB) noted that publicly-held companies disclosed over $1 trillion of off-balance sheet leases. Per the current lease accounting rules, only those leases meeting the capital lease criteria are reported on the balance sheet, while many leases are s Read More >>

Looking at Leases with Molly Stinn: A Six-Part Series 

Molly Stinn, CPA, is an Equity Director at the firm.

Business entities and not-for-profit organizations that report their financial statements in accordance with the U.S. generally accepted accounting principles (GAAP) are subject to the accounting standards codification (ASC) promulgated by the Financial Accounting Standards Board (FASB). When the FASB changes U.S. GAAP, it issues Accounting Standards Upda Read More >>

Al Harsar, CPA shares how to apply value to volunteer time for your not-for-profit:

Many not-for-profit organizations are able to utilize the generosity and the skills of their volunteer force for essential tasks and projects. It is important to capture these hours and apply a value to increase the organization’s top line revenues for services.

A few examples would include:

  • Working in the organization’s museums or retail shops
  • Answering phones
  • Marketing
  • Other administ
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