6 Problems Mobile Technology Can Solve for Manufacturing: Part 2
Customer demands and industry disruptors are making your job harder – but mobile technology could be the antidote for your organization’s needs. In part one of “6 Problems Mobile Technology Can Solve for Manufacturing,” we focused on mobile technology solutions that can help you with quality control and compliance, make it easier to fill custom orders more accurately and quote and close more deals. All those things are great – but that’s just the beginning. What about what mobile technology can do for your supply chain, for tracking leads in your sales cycle and even for your customer service? Part two explores the next level of what mobile tech can do. Read More.
Debt Presentation Rules Change for Healthcare Companies
Hospitals, clinics and other healthcare organizations will calculate debt much differently under the new revenue rules put forth by the Financial Accounting Standards Board (“FASB”). Under the new rules, which public organizations have to comply with for fiscal years beginning after December 15, 2017, discounts that healthcare organizations regularly give for procedures will no longer be considered bad debt. Instead, total revenues will include an adjustment for the amount the organization doesn’t expect to collect. For example, if a hospital charges $1,000 for a procedure but agrees to take $400 for the service from an uninsured patient, under the. Read More.
New AICPA Technical Questions and Answers Issued on Public Businesses
The American Institute of Certified Public Accountants (“AICPA”) has issued new Technical Questions and Answers (“TQAs”) offering guidance for related terminology and other matters concerning public business entities. Section 7100, Definition of a Public Business Entity, features 16 new questions and answers to help a company determine its status as a public business. Included in the TQAs is detailed guidance addressing depository institutions, broker-dealers, insurance companies and nonprofits. A press release on Section 7100 is available on the AICPA website.
Topics: AICPA, American Institute of Certified Public Accountants "AICPA", Broker-Dealers, Depository Institutions, Insurance Companies, Nonprofit, Public Business Entities, Technical Questions & Answers
GAO Sustains a Bid Protest Based on an Improper Arbitration Agreement
By: John Ford , Senior Consultant Most of us have probably heard of the accusations of sexual harassment levied against the movie producer Harvey Weinstein. Some of you may not be aware that there is a government contracting aspect to this story. Section 8116 of the 2010 Department of Defense (“DoD”) Appropriations Act (P.L. 111-118) (“the Act”) provides in part that: None of the funds appropriated or otherwise made available by this Act may be expended for any Federal contract for an amount in excess of $1,000,000 that is awarded more than 60 days after the effective date of this Act, unless. Read More.
Need for State-Funded Financial Aid Slows
In its latest survey, the National Association of State Student Grant and Aid Programs (“NASSGAP”) revealed that growth in the use of state-funded student financial aid slowed in 2015-16. The total state-funded aid amount that year – $12.5 billion – is an increase of less than one percent from the previous year. The percentage is a big drop from what the NASSGAP measured from 2013-14 to 2014-15, when the year-over-year growth for state aid was around six percent. A stronger economy and demographic declines in various high-population states are being attributed to the small increase in aid. Learn more about the NASSGAP’s survey on the Inside Higher Ed website.
College Tuition and Fees Still on the Rise
Tuition and fee prices at colleges and universities experienced a modest increase this past year. According to College Board’s annual reports, “Trends in Student Aid” and “Trends in College Pricing,” tuition and fees rose by two percent for the 2017-18 year. In particular, private nonprofit higher institutions averaged a 1.9 percent increase, public four-year colleges rose by 1.2 percent, and public two-year schools climbed by 1.1 percent. Despite the small increases in 2017-18, financial aid for students failed to keep pace with the rising tuition costs. Learn more about the College Board’s annual reports by visiting the Inside Higher Ed website.