Hawkins Ash Nonprofit Articles
CECL: A Practical Step to Take Now for Your Upcoming Audit
Accounting Standards Update 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments (CECL) has been in effect for
Nonprofit Connection Newsletter: November 2023
In this November 2023 Nonprofit Connection newsletter, our CPAs provide updates and coverage of the following topics: CECL: A Practical
Donor Acknowledgements: A Great Way to Build Donor Relationships and Fulfill IRS Requirements
For many nonprofit organizations, donor contributions are a significant source of their revenue. It is important to send donor acknowledgment,
How to Accept and Record In-Kind Gifts
Your nonprofit organization may receive contributions in the form of nonfinancial assets, which are goods and services received at no
ASC 842 Lease Standard: Understanding the Impact on Not-for-Profit Financial Statements
Now that most not-for-profit organizations have implemented the new lease standard (ASC 842), it is a good time to look
Understanding Related Party Disclosures: A Guide for Not-for-Profit Organizations
At some point during a not-for-profit organization’s audit, the auditor will likely ask for information pertaining to any known related
Client Feature: Family Promise of Ozaukee County
Since 2015, Family Promise of Ozaukee County has helped those who are homeless or at risk of homelessness. Throughout the
Current Expected Credit Loss (CECL)
ASU No. 2016-13 – Financial Instruments – Credit Losses, will be effective for entities with reporting years beginning after December
