Posts by Michael Wegner

Healthcare Signs of Distress
Signs You May Need to Restructure Your Healthcare Organization

As healthcare organizations focus on maintaining operations in the thick of the recession, they —…

Read More
Medical Headphones, Stethoscope with financial report chart and calculator on desk
Revenue Recognition for Healthcare Organizations

For healthcare entities, the new revenue recognition standard, Revenue from Contracts with Customers, or ASC 606,…

Read More
3 people having a business meeting on a train
Pre-Tax Travel Expense Changes and the Impact to Nonprofits

The Tax Cut and Jobs Act of 2017 added a provision to the Internal Revenue…

Read More
Are You Prepared for Liquidity Disclosures
Are You Prepared for Liquidity Disclosures?

o make nonprofit financial reporting more transparent, the Financial Accounting Standards Board (FASB) has published…

Read More
Why Good Governance Depends on an Effective Audit Committee
Why Good Governance Depends on an Effective Audit Committee

Unlike public companies, nonprofit boards aren’t required to have audit committees. However, good governance practices…

Read More