Book recommendations for NFP leaders

http://blog.aicpa.org/2016/12/7-book-recommendations-for-not-for-profit-leaders.html#sthash.24SkPI1c.dpbs

Form 990 - Information for nonprofits

http://www.journalofaccountancy.com/issues/2016/dec/irs-form-990-for-not-for-profits.html

Challenges in state and local government finances

http://www.rockinst.org/pdf/government_finance/state_revenue_report/2016-11-30-srr_105.pdf The State Revenue Report from the Nelson A. Rockefeller Institute of Government for 2nd quarter of 2016

Resources to understand government debt

http://www.gfoa.org/debt-101-volume-1-issuing-bond http://www.gfoa.org/debt-101-volume-2-responsibilities-after-bond-issuance GFOA’s Committee on Governmental Debt Management issued these two resources

NFP financial statements

http://www.bkd.com/articles/2016/in-depth-new-standard-on-nfp-financial-statement-presentation.htm

Form 990

http://blog.aicpa.org/2016/12/5-things-you-may-not-know-about-irs-form-990.html#sthash.0BHfFw3x.dpbs

New Not for Profit Standard highlights

http://blog.aicpa.org/2016/11/top-3-takeaways-on-fasbs-new-not-for-profit-standard.html

OMB Circular A123 - brings together ERM and internal control

http://federalnewsradio.com/omb/2016/07/123-update-omb-knits-together-risk-management-internal-controls/

2017 Work plan posted for tax exempt organizations

https://www.irs.gov/pub/irs-tege/tege_fy2017_work_plan.pdf

GASB proposal to address practice issues

http://www.journalofaccountancy.com/news/2016/sep/gasb-proposal-addresses-practice-issues-201615255.html

FASB Nonprofit Standard Update

http://blog.aicpa.org/2016/09/4-key-facts-about-the-new-fasb-not-for-profit-standard.html#sthash.aWcUYaov.dpbs

Public Pensions

http://www.nytimes.com/2016/09/18/business/dealbook/a-sour-surprise-for-public-pensions-two-sets-of-books.html?_r=0

Understanding Escheatment

http://www.investmentnews.com/article/20160916/FREE/160919947/will-the-state-take-your-clients-ira-it-can

Not for profit finance tips

http://www.journalofaccountancy.com/news/2016/aug/not-for-profit-finance-tips-201614957.html

Lax accounting oversight for Nonprofits

http://www.barrons.com/articles/spotting-nonprofit-accounting-tricks-1466222360

California water district - Enron accounting

http://www.mercurynews.com/california/ci_29996525/after-enron-accounting-california-public-water-districts-1

Phase 1 of NFP Entities Project

http://www.bkd.com/docs/pdf/Phase-1-Items-Complete-on-NFP-Financial-Statement-Project.pdf he Financial Accounting Standards Board is proceeding with a final standard on Phase 1 of the Financial Statements of Not-for-Profit (NFP) Entities project, which is expected to be released by the end of summer. This paper covers the last of the Phase 1 tentative decisions. The preliminary decisions reached in February are located here http://www.bkd.com/docs/pdf/NFP-Financial-Reporting-Preliminary-Decisions-Reached-Through-February-2016.pdf

IRS form 990

http://blog.aicpa.org/2016/04/irs-form-990-is-opportunity-for-not-for-profits-to-shine.html#sthash.QtjeDd5Z.dpbs

Soda tax

http://accounting.smartpros.com/x76869.xml?utm_source=SMP-518959&utm_medium=email&utm_content=April_5&utm_campaign=SMP2016_ANI Philly is the most recent to propose a hefty tax, but other jurisdictions and governments also have tried this. See this article for discussion of this

Philly

http://accounting.smartpros.com/x76869.xml?utm_source=SMP-518959&utm_medium=email&utm_content=April_5&utm_campaign=SMP2016_ANI

Ranking states for integrity

http://www.publicintegrity.org/2015/11/03/18822/how-does-your-state-rank-integrity

Several states in a recession

http://www.bloomberg.com/news/articles/2016-02-22/recession-already-reality-in-spots-from-west-virginia-to-wyoming North Dakota, West Virginia, Alaska and Wyoming have indicator showing already in recession. Other states also have concerns. A strong dollar and a decline in the energy industry are two challenges facing state economies.

GFOA Resources Provide Sample Financial Policies

http://gfoa.org/financialpolicies Various examples of different financial policies. GFOA recommends adoption of formal policies - helpful for governments.

Not-for-Profit Knowledge Checks

https://competency.aicpa.org/assessments/knowledge_check/298-not-for-profit-entities AICPA & CIMA Competency and Learning website. Take the quizzes and see how you score. Targeted resources for purchase are available at the end of the quiz.

GASB 80 - Blending Component Units

http://www.journalofaccountancy.com/news/2016/feb/gasb-guidance-on-blending-component-units-201613874.html

Federal Compliance accounting

http://sfmagazine.com/post-entry/february-2016-federal-compliance-accounting/ This article is from the Strategic Finance Magazine of the CMA. Here are some important subjects students and practicing accountants should understand: Cost Accounting Standards (CAS) Disclosure Statements Federal Acquisition Regulations (FAR) Office of Management & Budget Circulars (OMB A-21 and A-122)

California Debt and Disclosures

http://reason.com/archives/2016/02/05/californias-deep-debt-problems