MHM (Mayer Hoffman McCann P.C.)

A Not-for-Profit’s Guide to Upcoming Accounting Changes

We remain in a relatively quiet time for changes in accounting and reporting standards affecting not-for-profit organizations, notwithstanding larger proposals affecting the intermediate and longer term. Some of the near term changes are essentially tweaks to ensure organizations are following standards with consistency rather than having the diversity in practice that can sometimes arise. Despite not having any major changes to report, […]

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Preparing for Subpart F of the Uniform Grant Guidance

The final phase of the Office of Management and Budget’s Uniform Grant Guidance is nearly here, which means nonfederal agencies should be gearing up for the changes coming to their Single Audits. OMB released 2 CFR 200: Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Grant Guidance) in December 2013. The […]

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SEC Approves Crowdfunding Rules

On October 30, 2015, the Securities and Exchange Commission (SEC) issued the final rules related to crowdfunding for select companies. The rules fulfill Title III of the Jumpstart Our Business Startups (JOBS) Act, which was signed into law in 2012. Crowdfunding platforms typically allow access to broader pools of investors than what a company or individual may find using a more […]

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Revenue Recognition Considerations for the Manufacturing Industry

All entities will have to reevaluate their revenue recognition processes when the Financial Accounting Standard Board (FASB)’s Accounting Standard Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606) is adopted, beginning with those early adopting in 2017. Manufacturing companies face unique considerations with the new revenue recognition guidance. They should consider how the following […]

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Thursday’s Webinar: Third Quarter Accounting and Financial Reporting Issues Update

This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events impacting financial reporting and the accounting profession. Mike Loritz, Mark Winiarski and Bill Smith will discuss recent happenings at the Financial Accounting Standards Board, American Institute of Certified Public Accountants, Securities and Exchange Commission, Public Company Accounting Oversight Board and […]

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Webinar on 10/13: Revenue Recognition Update for the Technology Industry

While the new standards for revenue recognition will require significant changes in internal accounting practices for any industry with contract revenue, this webinar will specifically address the impact to the technology industry. During this webinar, we will discuss the latest information about the new revenue recognition guidance. We will also go over how the new […]

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Oct. 1: Third Quarter Accounting and Financial Reporting Issues Update

This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events impacting financial reporting and the accounting profession. Mike Loritz, Mark Winiarski and Bill Smith will discuss recent happenings at the Financial Accounting Standards Board, American Institute of Certified Public Accountants, Securities and Exchange Commission, Public Company Accounting Oversight Board and […]

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