Entries Tagged ‘Not-For-Profit Accounting in Tempe’:
filed in Audit on Sep.03, 2010
Many not-for-profit organizations are getting ready for their June 30, 2010 audits, and being as prepared as possible will make for a smoother and more efficient audit. Here are some tips to be “audit ready:”
• Make sure that you have all of your assets, liabilities, and net assets accounts reconciled. This should be done a regular [...]
Tags: assets, Audit, audit timeline, communication, fieldwork, journal entries, liabilities, net assets, Not-For-Profit (non-profit) Accounting, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, preparation, reconciled
filed in Money on Aug.31, 2010
Not-for-profit organizations can hold significant investments. Funds may be invested to safeguard endowments, to set aside reserves, to provide earnings to the programs, etc. Not-for-profit organizations and their investment committees may decide to invest a portion of funds in alternative investments. Alternative investments are not the traditional stocks, bonds and cash. They are generally not [...]
Tags: alternative investments, bonds, cash, earnings, fair value, financial accounting standards board, financial statements, funds, hedge funds, investment committees, investments, managed futures, net asset value per share, net assets, Not-For-Profit (non-profit) Accounting, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, not-for-profit organizations, real estate funds, reserves, safegaurd endowments, SEC, stocks
filed in internal controls on Aug.26, 2010
Limited resources make internal controls and segregation of duties quite challenging to small not-for-profit organizations. Perhaps there are only a couple of employees to share responsibilities. Maybe there is only a volunteer staff. Regardless of size, there are some basic controls that are essential to be in place to protect the organization from fraud or [...]
Tags: bank statements, behavior of management, board members, check stock, controls, executive director, expense reimbursement policy, Fraud, internal controls, Not-For-Profit (non-profit) Accounting, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, not-for-profit organization, petty cash, reconcile bank accounts, reimbursement, segregation of duties, volunteer staff
filed in Not-For-Profit (non-profit) Accounting on Aug.24, 2010
A few months ago, I was watching a segment on the CBS evening news about hard drives on copiers. Copiers are generally leased, and they are often sold to resellers when they are turned in at the end of the lease term. The data left on the copier hard drives could be confidential, and – [...]
Tags: confidential data, copiers, donor information, hard drives, Not-For-Profit (non-profit) Accounting, Not-For-Profit (non-profit) Accounting: Fraud, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, not-for-profit organization, salaries, social security numbers
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