Article Archives: Andrew Prather

Posted by: Megan Ryan · Andrew Prather

Due to the unfolding COVID-19 pandemic, many not-for-profits have recently had to cancel major upcoming events, including musical and theatrical performances, symphony and performing arts shows, fundraising events, and conferences. These circumstances leave some not-for-profit organizations wondering how to account for the prepaid tickets to these events. First, organizations with deferred revenue related to now-canceled […]

Posted by: Andrew Prather

On February 10, 2020, the Financial Accounting Standards Board (FASB) proposed a new accounting standard that would increase the transparency of certain types of in-kind donations to not-for-profit entities (NFPs). The proposal is in the form of an exposure draft that will be open for public comment through April 10, 2020. A full copy of […]

Posted by: Andrew Prather

By Andrew Prather, CPA On November 11, 2015, the Financial Accounting Standards Board (FASB) voted to proceed with issuing a new accounting standard for leases. This new accounting standard will require all entities that follow U.S. generally accepted accounting principles for financial reporting to include lease obligations on their balance sheets. This new accounting standard […]

Media Contact

Melissa Takade
Director of Marketing
Clark Nuber
Phone: 425-454-4919
Contact Melissa