BST & CO. TO HOST SEMINAR ABOUT NEW FINANCIAL REPORTING RULES FOR NOT-FOR-PROFITS

ALBANY, New York, – BST & Co. CPAs, LLP, one of the Capital Region’s leading financial and management consulting firms, will welcome not-for-profit executives, chief financial officers and controllers to learn how new financial reporting rules will impact their organization during a seminar on Thursday, June 14 from 8 to 10 a.m.

During the event, finance and accounting professionals from BST & Co. will share valuable insight, best practices and new approaches for not-for-profit organizations in relation to the new regulations, which mark the first major set of changes to non-profit financial statement presentation standards in 25 years.

The seminar is the next installment in the BST & Co. Maximize Your Mission Not-For-Profit Impact Series. The event includes breakfast, presentations, and an interactive question-and-answer session with finance and accounting professionals.

“The Maximize Your Mission series is an important initiative at BST, through which we connect the Capital Region’s top experts with not-for-profit executives on a variety of business-minded topics,” said BST & Co. CPAs, LLP Managing Partner Ron Guzior. “We encourage non-profit executives to join us as we provide insight and guidance in how to prepare for the changes in the new financial reporting standards.”

The new rules will impact how non-profit organizations present net assets; disclose liquidities; and report functional expenses. The seminar will outline the goals of the new rules; why the changes matter; when the rules will be implemented; and who will be impacted both internally and externally.

The seminar will be held at Wolferts Roost Country Club at 120 Van Rensselaer Boulevard in Albany. Breakfast is served at 8 a.m. with the program beginning at 8:30 a.m. Admission is free. Seminar attendees are eligible to receive two Professional Continuing Education (CPE) credits.

With roots tracing back to 1944, BST & Co. CPAs, LLP is recognized as one of the largest accounting and consulting firms in upstate New York. The firm offers traditional accounting, auditing and tax services; as well as specialty services related to business valuation, forensic accounting, litigation support, employee benefit plan auditing and consulting, governmental auditing and consulting, merger and acquisition assistance, wealth management and personal financial planning, and estate and gift tax consulting, amongst other services.

The firm is a long-standing member of the RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States.

About BST & Co., LLP

BST & Co. CPAs, LLP is as multi-disciplinary financial and management consulting firm headquartered in Albany. Other services of the firm include accounting, auditing, business valuation, forensic accounting and litigation support, tax and management consulting, employee benefit plan auditing and consulting, human resource management and development, healthcare operations consulting, governmental auditing and consulting, merger and acquisition assistance, wealth management and personal financial planning and estate and gift tax consulting.

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