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What Does the New Revenue Recognition Accounting Standard Mean for Your Institution?

By February 14, 2018

Originally published in the January 2018 issue of Career Education Review, and reproduced here with permission. Article originally posted at careereducationreview.net If I had one word to sum up the Financial Accounting Standards Board’s (FASB) new revenue recognition accounting standard, it would be judgment. That’s what it requires, a well…

Tax Facts 2018

January 25, 2018

Find your yearly tax information at the link!

Bruce McClintock Lifetime Achievement Award

November 20, 2017

Congratulations to Bruce McClintock!!  Bruce was presented with a Lifetime Achievement Award by Pennsylvania Association of Private School Administrators (PAPSA) at their Annual Conference on July 26, 2017 at the Radisson Hotel Valley Forge. Debbie Dunn, PAPSA Board Member representing Lancaster School of Cosmetology; Aaron Shenck, PAPSA Executive Director; and…

The New Lease Standard – The Perfect Storm for Failing the Composite Score Ratio

By Michael T. Wherry, CPA July 21, 2017

By Michael T. Wherry, CPA, Director/Shareholder and Ted Blendermann, CPA Director/Shareholder, McClintock & Associates, PC Originally published in the June 2017 issue of Career Education Review, and reproduced here with permission. Article originally posted at careereducationreview.net Remember in the movie the Perfect Storm, how three independent storms collided to create…

U.S. Department of Education’s September 2016 Audit Guide Key Changes

By Michael T. Wherry, CPA July 21, 2017

Originally published in the November 2016 issue of Career Education Review, and reproduced here with permission. Article originally posted at careereducationreview.net When the expression “all good things come to those who wait” was first used it probably didn’t have the student financial program regulations in mind. While postsecondary schools and auditors have…

Webinar – New Audit Guidelines for Higher Educational Institutions

February 21, 2017

The new audit guidelines have brought about a multitude of obstacles for secondary education leaders and auditors alike. McClintock & Associates Director, Mike Wherry recently co-presented a webinar on the “New Audit Guidelines for Higher Educational Institutions alongside Aaron Lacey of Thompson Coburn. The webinar provides the need to know…