Scenario planning, financial stewardship, revenue diversification, and board-ready reporting are among the approaches nonprofit leaders are using to strengthen organizational resilience.
Nonprofit organizations continue to innovate and rethink how they plan, operate, and report. AAFCPAs’ 2026 Nonprofit Seminar sessions offer experienced perspectives you can employ across...
Key takeaways: Proactive budgeting, forecasting, and scenario planning help organizations respond confidently to changing funding, costs, and program demands. Understanding the true cost of programs—including...
The long-awaited Current Expected Credit Losses (CECL) Standard, Accounting Standards Update 2016-13 – Financial Instruments-Credit Losses (Topic 326) will be effective for nonpublic business entities...
The Low-Income Housing Tax Credit (LIHTC) program, enacted in 1987, has been paramount for financing the construction and rehabilitation of properties in low-income communities. The...
In 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. AAFCPAs has summarized some of...
AAFCPAs would like to make clients aware that the Consolidated Appropriations Act, 2021 (The Act), signed by the President on December 27th, contains several provisions...
On October 30, 2020 the IRS published a proposed rule for the low-income housing tax credit (LIHTC) average income (AI) test regulations. The proposed rule...
On March 10, 2020 MA Governor Charlie Baker declared a state of emergency for the Commonwealth of Massachusetts in response to the spread of the...
