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How Health Literacy Helps the Not-For-Profit (& Employee) Bottom Line
Posted by Chrissy Hammond on Tue, Jul 30, 2019 @ 06:17 PM

The Institute of Medicine defines health literacy as the “degree to which individuals have the capacity to obtain, process and understand the basic health information and services needed to make appropriate health decisions.”

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Topics: not-for-profit, NFP, Health care, health literacy

Join Us for the 2019 EACUBO Annual Meeting
Posted by Chrissy Hammond on Wed, Jul 17, 2019 @ 11:19 AM

We are pleased to sponsor the 2019 Eastern Association of College and University Business Officers (EACUBO) Annual Meeting being held on October 13-16, 2019, at the Baltimore Marriott Waterfront in Baltimore, MD. EACUBO is centered on professional development, technical expertise and creative value-added, problem-solving.

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Topics: NFP, NFP Conference, EACUBO

Not-For-Profit Organizations Granted Private Company Accounting Alternatives
Posted by Mark Winiarski on Wed, Jul 3, 2019 @ 01:30 PM

The Financial Accounting Standards Board (FASB) recently extended relief for goodwill and intangible asset accounting to not-for-profit organizations. Accounting Standard Update (ASU) 2019-06 will allow not-for-profit organizations to access the same simplified approach to these two issues that private companies have been granted.

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Topics: goodwill, goodwill impairment, not-for-profit, FASB, Mark Winiarski, Financial Accounting Standards Board, Accounting Standard Update

The Revenue Recognition Lesson Not-For-Profits Can Apply to Leasing
Posted by Allan Klose on Wed, Jul 3, 2019 @ 01:16 PM

Accounting changes to ASC Topic 842, Leases share many of the characteristics that made the revenue recognition updates in Topic 606 so challenging. Like revenue recognition, the Topic 842 leasing standard is another principles-based approach. It includes changes to definitions that will require case-by-case analysis. It could—and is more likely to than revenue recognition—have a financial impact on not-for-profit organizations because Topic 842 changes require all lessees to recognize lease assets and liabilities on their balance sheet. Recognizing these lease assets and liabilities will affect financial ratios and the processes that rely on them, such as loan covenants.

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Topics: not-for-profit, Audit Committee, NFP, Revenue recognition, nonprofit, Leasing, leasing standard

9 Ratios to Help Measure Your Not-For-Profit's Financial Health
Posted by Chrissy Hammond on Tue, Jul 2, 2019 @ 01:20 PM

More not-for-profit organizations are recognizing the benefit of financial performance measurement as a strategy for evaluating operations, programs, services and financial stability. One useful measurement tool is financial ratio analysis. It involves taking data from your financial statements, using it to calculate ratios appropriate for your not-for-profit, and then benchmarking those ratios against past performance, management objectives, or other similar not-for-profit organizations.

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Topics: not-for-profit, NFP, financial performance measurement, financial ratio analysis, nonprofit, ratio

Today’s Trends for Not-For-Profits
Posted by Chrissy Hammond on Mon, Jul 1, 2019 @ 10:19 AM

Not-for-profit organizations benefitted from a stronger economy and higher per capita disposable income in recent years. But each sector also faces unique challenges for future growth ranging from the effect of social media on civic organizations to the impact the low employment rate is having on higher education.

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Topics: not-for-profit, NFP, nonprofit, IBISWorld, Not-for-profit trends

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