News & Events

Super Circular Resources

Strength Matters library of resources on Uniform Guidance issues aka the Super Circular, includes: 

  • Uniform Guidance Issues paper 
  • Webinar slides and recording from Scott Seamands of Lindquist, von Husen & Joyce and Kelly Perlman of Plante Moran is available here.
  • Samples of procurement policies to comply with new federal requirements (Sample 1 & 2
  • Template used by a Strength Matters member to track federal grants 
  • more

    3/28/18 2PM ET – Uniform Guidance Webinar

    Strength Matters presents a webinar discussion of common issues and practical implementation questions related to Uniform Guidance with Scott Seamands of Lindquist, von Husen & Joyce and Kelly Perlman of Plante Moran. 

    Join us for this free one-hour webinar on Wednesday, March 28, 2018 at 2 PM (ET)

    Register for the Webinar

    The related publication is also available to Strength Matters subscribers here and draft slides for the webinar available here.

    New Publication: Practical Implementation Issues with Uniform Guidance

    In December 2013, the Office of Management and Budget (OMB) issued the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (known to many as the “Super Circular” or the new Uniform Grant Guidance) to streamline and consolidate grants guidance previously contained in numerous documents. These changes will impact all entities receiving and administering federal awards, as well as auditors responsible for auditing federal awards programs. The Super Circular contains the most significant changes to occur to federal grants administration in recent history. more

    Guidance on new and upcoming FASB changes available!

    The new accounting and auditing guidance covers the following topics:

    • Prior updates effective in the current year
    • Goodwill impairment
    • Consolidation guidance for NFPs
    • Definition of a business
    • Going concern
    • Pension costs
    • Uniform guidance (Financial discussion paper on UG available here.)
    • Revenue recognition of grants and contracts
    • Land easements
    • Proposed auditors’ report changes
    • Not-for-Profit Advisory Committee highlights

    Read the paper here and watch the webinar here. 

    Jan. 24, 2018 – Annual Accounting Updates Webinar

    Join Strength Matters for our annual “must read” webinar for nonprofit affordable housing CFO’s, COOs and lenders outlining the significant accounting standards that changed in 2017.   Dave Conway of Novogradac will explain and discuss the status of several FASB projects currently in process and what to be planning for in the next year.    Register here for the January 24, 2018 at 2PM (ET) webinar.    

    Financial Discussion: Elimination of Developer Fees in Consolidation

    The third paper in our Financial Discussion series dives into guidance on eliminating developer fees in consolidated financial reporting. 

    Under current accounting guidelines, developer fees are eliminated when preparing consolidated financial statements. 

    – How should the developer eliminate the profit realized on the developer fees?

    – How should the developer determine the profit and does it matter if the developer fee is deferred?

    – Should only the deferred fee be eliminated and not the fee paid from third party sourced debt and investor equity? more