Education
How Schools Confidently Navigate Facilities Expansion
While the design and construction of a new academic facility can be an ambitious and exciting undertaking, it may present financial challenges. To ensure project...
Blog
Independent Schools
Independent Schools
Financial Accounting Standards Board (FASB)
Guidance for Independent Schools on FASB’s New CECL Model
The long-awaited Current Expected Credit Losses (CECL) Standard, Accounting Standards Update 2016-13 – Financial Instruments-Credit Losses (Topic 326) is effective for nonpublic businesses and not-for-profit entities...
Uncategorized
Schools Eligible for the Employee Retention Credit
AAFCPAs would like to remind independent schools of the availability of the Employee Retention Credit (ERC). The ERC provides significant refundable payroll tax credits to...
Technology & Process
Client Success Story: Better Decisions in Less Time, with Better Visualization!
The Need for Better Financial Insights Financial leaders rely on real-time visibility into key performance indicators (KPIs) to drive decisions. When your systems have limitations...
Independent Schools
Guidance on Lease Standard for Independent Schools
What Lessees Need To Know In February 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease...
Special Education Schools
AAFCPAs’ 2021 Nonprofit Educational Seminar
AAFCPAs is excited to announce that registration is now open for our 12th Annual Nonprofit Educational Seminar, scheduled for Wednesday, April 28. As a client and/or...
James Jumes
Cyber Actors Target K-12 Distance Learning
AAFCPAs would like to make education clients aware that the Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency (CISA), and the Multi-State...
John Buckley
Massachusetts DESE Issues New Guidance on Approval of Annual Financial Statement Audit
AAFCPAs would like to make our Massachusetts education clients aware that in July 2020, the Massachusetts Department of Elementary and Secondary Education (DESE) issued the...
Caitlin Harvey
Cancelled Fundraising Events, Written Notice Requirements
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...
