On October 20, 2016, our Aronson LLC government contracting specialists Donna Dominguez and Aisha Mian hosted “Decoding Budgeted Indirect Rates,” where they provided tips, guidance, and best practices to help government contractors efficiently build their budgeted indirect rates for the upcoming year. As a follow up to this webinar, Donna and Aisha have prepared answers to a large number of attendee questions that we wanted to share. To watch the webinar, please visit this link.
In August 2016 the Financial Accounting Standards Board (FASB) announced the long anticipated Accounting Standards Update (ASU) “2016-14—Not-For-Profit Entities (Topic 958): Presentation of Financial Statements of Not-For-Profit Entities”. These new guidelines, the first changes to be made to financial reporting in over 20 years, will have a big impact on exempt organizations and their financial reporting. The updated standard is effective for fiscal years beginning after December 15, 2017, and has been released now to give organizations time to prepare.
This new ASU will impact all exempt organizations, and is the result of a determination by the FASB that financial statements of exempt organizations could be improved to provide more useful information to donors, grantors, creditors, and others. The amendments in ASU 2016-14 are the first of a two-phase project intended to make short-term improvements that address many of the issues identified by the FASB, including:
On March 3, 2016, our Aronson LLC Government Contracting specialists Donna Dominguez and Aisha Mian hosted “Cracking the Code: Preparing an Incurred Cost Submission,” where they provided tips, guidance, and best practices to help government contractors efficiently prepare Incurred Cost Submissions. As a follow up to this webinar, Donna and Aisha have prepared answers to attendee questions that we wanted to share with our blog readers. If you’re interested in viewing a recording of this webinar, please click here.
Aronson’s experts are helping companies <RETHINK> their approach to government contracting. Join Aronson as we speak at the following events in June: