KEEPING COSTS DOWN FOR YOUR CLIENTS

• Financial statement presentation: The standards enacted changes to the presentation and disclosure requirements for financial statements. Disclosures were significantly expanded.

Looking forward: Lease standards and the not-for-profit industry

As clients adjust to the changes under the new lease accounting standard, it’s crucial to understand the nuances of ASC 842 to support organizations during implementation. The above key considerations are aspects to pay close attention to when it comes to not-for-profit organization financial reporting.

Ashley Johnson, CPA, is an audit director at Sikich LLP, specializing in not-for-profit audit services. Ashley has more than 15 years of experience in public accounting with the past 10 years dedicated to serving not-for-profit clients. Contact her at 262-317-8507 or ashley.johnson@sikich.com.

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Bank-A-Count Corp. offers a variety of computer, manual, and blank stock checks and accessories. Our business checks are guaranteed to be compatible with your accounting software. We also offer a full range of Pre-Inked Stamps, Deposit Products and Accessories.