Nonprofit Accounting Systems – Federal Grant Requirements

Adeq Acct Sys for Nonprofits w Fed Grants

The Uniform Guidance outlines the requirements for financial reporting systems of nonprofit organizations across several subsections.  However, the requirements included in those subsections can be vague. The following is intended to provide clarity and advice on accounting system selection and design for Federal Award recipients.  The Uniform Guidance includes the following […]

The DFARS Business Systems Rule: Six System Requirements

DFARS

While the need for such a rule and the effectiveness of the Defense Federal Acquisition Regulation Supplement (DFARS) Business Systems rule in achieving its intended objectives has been widely debated, there are several provisions of the rule which are of the utmost importance to all government contractors and several others which […]

The Challenge of Implementing New Accounting Standards for Not-for-Profit Organizations and Non-Public Companies

Many of Rubino & Company’s clients face the daunting task of implementing recent Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board (FASB) which will soon become effective and have a major impact on their financial reporting.  Those ASUs are summarized below. Financial Statements for Non-Profit Organizations Effective for […]