Posts Tagged ‘Financial Management’

Why Budgeting is Important By Greg Henson

Budgeting is Important for Christians If you want a snapshot of where you are in your walk with Christ, look at your budgeting and walk through it with a spiritual director, your pastor, and a fellow Christian who is not part of your family — together, at the same time, in the same room. SELF-ASSESSMENT…

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How to Grow Operating Reserves By Natalie Roderick

You Can Intentionally Grow Your Operating Reserves Most nonprofits are comfortable in having sufficient operating reserves to ensure their continuity, whether 30 days of reserves, three months, or even longer. Many are keeping these reserves in a checking or money market account, even when the dollar amount may be in the millions.  An idea to…

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The New Lease Accounting Standards By Lisa D. Wabby

Planning for the New Accounting Standard for Your Leases It is time to learn and plan for a new accounting standard related to your lease. One  significant update is ASC 842, Leases. Under this new accounting standard, organizations that lease assets will now be required to recognize a right-of-use asset and lease liability for operating…

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Is GameStop a Game Changer? By Bryan C. Taylor

Social Media becomes the game changer for GameStop. The recent move in GameStop has raised eyebrows and set the social media world on fire.  Many wonder what is actually happening behind the scenes. Given the questions we are fielding, many are also concerned about ramifications for the broader markets.  While it is certainly possible that…

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Financial Reflections and Resolutions By Winters Richwine

Financial Reflections and Resolutions At Cornerstone Management, we recommend 2020 reflections and 2021 resolutions for ministries to help you start the year well.  These recommendations incorporate lessons learned during 2020 and our views for 2021.  We hope these insights help place your organization on firm financial footing going forward. REFLECTIONS 2020 While difficult for many,…

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Money Talk by Peter J. Mahler

Let’s Talk About Money and Weathering the Storm! Money has become a key topic of conversation for Christians across the country. Because the coronavirus (COVID-19) has forced many businesses to close their doors, millions of Americans are unemployed. As a result, many churches and other Christian organizations may face potentially catastrophic reductions in income, even…

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Important Accounting and Auditing Updates By Junice Jones and Frank Jakosz

Important Accounting and Auditing Updates for Nonprofits Several accounting and auditing standards updates go into effect in 2020 and 2021. Nonprofits need to understand these changes and plan for effective implementation. Below is an overview of three of the key changes and how they may affect your organization. We’ll discuss these and other updates in…

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The Importance of Financial Management By Vonna Laue

Financial Management Matters! For our programs and ministries to be successful, we need to realize financial management matters. It is nearly impossible to accomplish the mission of your organization without cash and that is why financial management matters. Sometimes we are so focused on the specific program activities and outcomes that we neglect the infrastructure…

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Christian Leadership Alliance Member Spotlight: CapinCrouse

Christian Leadership Alliance Founder’s Council Member: CapinCrouse CapinCrouse, knows you need more than services — you need insight and real-world solutions that fit your organization. Nonprofit organizations are under ever-increasing pressure, from increased public scrutiny and competition for resources to ever-changing regulatory, legal, and financial accounting requirements. To accomplish your mission of changing lives, it’s…

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6.29.17 CLA Webcast: Investing

Investing: Wise Nonprofit Stewardship A financial steward does not own the funds entrusted to him or her, but is responsible for their wise management and disposition. In this webcast Bryan Taylor, CEO of Cornerstone Management will help you evaluate biblically responsible investing, cost structure, investment policy, investment philosophy and more. Bryan will share how investment…

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