ASU 2016-14 & Churches: Four Key Questions Financial Leaders Should Ask
March 22, 2019 5:23 pm 4 CommentsIt’s important for every church financial leader to ask these four key questions to understand the new liquidity disclosures under ASU 2016-14.
Author Archives for Richard Lindley
About Richard Lindley
Richard has managed audit, review, and compilation engagements for more than 20 years and provides church and other nonprofit consulting services in a variety of areas. He is a member of the firm’s Church and Denominational Team and helped draft the CapinCrouse Church Financial Health Index™ and CapinCrouse Church Checkup™ and related reports. Richard frequently authors church articles. He also serves as his church’s finance ministry leader.
ASU 2016-14 and Schools: Qualitative Liquidity and Availability Disclosures
January 26, 2019 7:00 am Leave your thoughtsWhat Christian schools should consider about the additional qualitative or non-numerical disclosures required by ASU 2016-14, plus best practices for cash and liquidity management.
ASU 2016-14 and Schools: Quantitative Liquidity and Availability Disclosures
January 17, 2019 8:50 am Leave your thoughtsA look at the additional disclosures related to liquidity and availability under ASU 2016-14, and what Christian schools should consider as they plan for this significant implementation.
Reconciling Liquidity to Net Assets without Donor Restrictions, an Addendum
November 21, 2018 3:15 pm Comments Off on Reconciling Liquidity to Net Assets without Donor Restrictions, an AddendumFurther insight on ASU 2016-14 for churches, with a focus on reconciling liquidity to net assets without donor restrictions.
Qualitative Liquidity & Availability Disclosure Considerations for Churches in ASU 2016-14
October 29, 2018 5:17 pm Leave your thoughtsEven churches that don’t issue external financial statements should have a written cash management policy that could have content and attributes similar to these new qualitative disclosure requirements.
Liquidity & Availability Disclosure Considerations for Churches in ASU 2016-14
October 29, 2018 4:12 pm Leave your thoughtsWe’ve received a number of questions from church clients about the additional disclosures related to liquidity and availability. Here a look at the requirements and what your church should consider as you plan for this significant implementation.
Should Your Church Change its Fiscal Year-End?
July 3, 2018 2:50 pm Leave your thoughtsSetting your church fiscal year-end at a month-end other than December 31 could provide several advantages, but it also could pose several disadvantages. Start by considering both.
Considerations for Your Church’s Fiscal Year-End
May 23, 2018 10:16 am Leave your thoughtsIf your church uses a fiscal year-end of December 31, you may want to consider changing it. A fiscal year change would not result in tax consequences for either your church or your donors, and it could provide several advantages.
Measuring Your Church’s Financial Performance
April 10, 2015 4:10 pm Leave your thoughtsHow does your church compare with similar churches? What financial issues should you monitor, and how? This article explores a few of the measurements and ratios that will help you assess your financial health and identify areas for improvement.
