How Not-for-Profit Grants and Contracts Effect Revenue Recognition under ASC 606
Steps to Help Not-for-Profits Scrutinize their Revenues for Impact from Recent Accounting Standards The time has come for many not-for-profits to incorporate ASC 606 Revenue from Contracts with Customers in their GAAP financial statements. This overhaul to the model of recognizing revenue with customers has left many questioning what funding
How Not-for-Profits Make a Difference with Relevant, Local Data
Recently, Barnes Dennig and Hauser revealed the results of the 2019 Non-Profit Compensation Benefits and Benchmarking Study. For this 7th edition of the study, a record high 117 organizations participated with over 50% of those organizations being in the social or human services sectors. In addition to revealing feedback
One Year After Ohio Behavioral Health Redesign: What are Local Agencies Saying?
Over a year after the effective date of Ohio Managed Care kicked in, Barnes Dennig connected CFOs of local mental health organizations to discuss, “where are we now?” in relation to Behavioral Health Redesign (BHR). This was one in a series of Barnes Dennig’s recurring luncheons to connect financial decision
Relief for Not-for-Profits Provided by New Accounting Standard
On May 30, 2019, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2019-06, a standard extending relief to not-for-profit entities with goodwill and certain identifiable intangible assets resulting from a business combination. The standard allows all not-for-profit entities to apply accounting alternatives that were formerly only available
What Mental Health Providers Need to be Talking About
In February of 2018, Barnes Dennig connected CFOs of local mental health organizations to promote knowledge sharing and foster new ideas and best practices. This was one of Barnes Dennig’s recurring luncheons, with previous topics including treasury management, Health Home and ICD-10. There were several hot-button topics that came up
Ohio Behavioral Health Redesign Effective January 1
On November 29, 2017, at a gathering of behavioral health service providers, Barnes Dennig’s not-for-profit team guided a conversation on key topics that leaders in the industry face day-to-day. Currently, providers are vigorously working through file testing with the state of Ohio for Behavioral Health Redesign (BHR), related to coding