Tag Archive | Michelle Spriggs

Four Ways for Nonprofits to Improve Financial Statements

Routine maintenance helps you get the most mileage out of your vehicle, and as the vehicle that represents your not-for-profit’s financial position, your financial statements may need periodic tune-ups. Reviewing your financial statements for ways to improve them helps ensure they accurately reflect your organization to the public, your board and current and potential donors. […]

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Best Practices in the Financial Statement Reporting Process for Nonprofits

Your not-for-profit’s financial statements are used for more than just meeting compliance standards. Financial statements provide your board and the general public with an inside look at the financial stability of your organization. From reporting revenue and expenses to a description of your organization’s purpose, your financial statements speak to how your organization fulfills its […]

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OMB Grant Reform Standardizes Cost Principles

Cost principles for organizations that receive federal grants have traditionally existed in silos. Educational institutions, state and local governments and nonprofit organizations faced different cost principle requirements under their respective Office of Management and Budget (OMB) Circulars. The OMB’s latest guidelines do away with the separation among the three entity types and merge them into […]

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Not-for-Profit Accounting and Federal Grant Update — Webinar on April 30

If you are an auditor or are responsible for the federal reporting at a not-for-profit organization then you should not miss this course that will provide an update regarding accounting and auditing standards that most commonly impact not-for-profit and educational organizations. In addition, we will provide details regarding final changes related to the OMB Cost […]

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Webinar on 4/17: Not-for-Profit Accounting and Federal Grant Update

If you are an auditor or are responsible for the federal reporting at a not-for-profit organization then you should not miss this course that will provide an update regarding accounting and auditing standards that most commonly impact not-for-profit and educational organizations. In addition, we will provide details regarding final changes related to the OMB Cost […]

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Is Your Nonprofit Ready for the New Federal OMB Grant Rules?

In December the Office of Management and Budget (OMB), in conjunction with the Council on Financial Assistance Reform (COFAR), published policy changes in the Federal Register regarding federal agencies’ interactions with contractors and vendors on federal grants, contracts and cooperative agreements. The long-awaited OMB guidance titled, “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for […]

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Major Changes in Federal Reporting for Nonprofit Organizations! Webinar on Jan. 30

Mayer Hoffman McCann would like to invite our clients and friends in the not-for-profit sector to our free webinar course detailing changes to federal reporting and the overhaul of the Single Audit Data Collection Form (DCF). If you are an auditor or are responsible for the federal reporting at a not-for-profit organization then you should […]

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