Our Thoughts On Archive

Financial Statements: Impact of Tax Reform on Deferred Taxes

The Tax Cuts and Jobs Act of 2017 (the Act) was signed into law on December 22, 2017 by President Trump. While everyone has been concerned with tax planning

How to Determine an Accounting Standards Effective Date for Not-for-Profit Entities

Since the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2013-12, Definition of a Public Business Entity (ASU) 2013-12,

Predictive Analytics: The Crystal Ball for Education

Enrollment in Pennsylvania and Ohio postsecondary institutions declined approximately 1.9% and 0.5% in the spring of 2017 compared to the spring of 2016,

PROCUREMENT STANDARDS UPDATE - Additional One-Year Grace Period Granted

In March, I wrote an article reminding everyone that the U.S. Office of Management and Budget’s (OMB) procurement standards deferral period had concluded

Part I: OMB Uniform Guidance Audit Requirement Highlights

In December 2014, the Office of Management and Budget (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards,