Lovepreet Buttar
Is CECL Applicable to my Nonprofit Organization?
WHAT IS CECL? Current Expected Credit Loss (CECL) is an accounting standard introduced in 2016 by the Financial Accounting Standards Board (FASB) with the objective of improving the accuracy and…
Lessons Learned for Nonprofits: Reflecting on the Lease Accounting Standard
ASC Topic 842, the accounting standard for leases, has brought significant changes for nonprofit organizations in their financial reporting. Over the past several years, these organizations have reassessed and reevaluated…
What Do You Need to Know About the Accelerating Charitable Efforts (ACE) Act?
The Accelerating Charitable Efforts (ACE) Act is proposed legislation aimed at reforming the tax laws that cover charitable donations made by Private Foundations (PFs) and Donor Advised Funds (DAFs). The…
Nonprofits – What’s Keeping You Up At Night?
The answer is probably “a lot of things” right? It is for many of us here at Mercadien. Our Nonprofit and Human Services Group meets regularly to discuss our clients’…
Webinar Replay: The Diversity Imperative: How to Become a Diverse, Equitable, and Inclusive Nonprofit
Lovepreet Buttar, CPA, MBA, CGMA, PSA, Managing Director of Mercadien’s Nonprofit & Human Services Group participated as moderator in Fleming Petenko Law’s webinar, The Diversity Imperative: How to Become a…
Nonprofit Accounting Standards Update No. 2020-07
Does your organization receive donated goods or services? If so, accounting for these donated goods or services will be subject to new accounting guidance. In September 2020, the Financial Accounting…
Lovepreet Buttar Elected to CCSNJ’s Board of Directors
Lovepreet Buttar, CPA, MBA, CGMA, PSA, Managing Director of Mercadien’s Nonprofit & Human Services Group has been elected to the Chamber of Commerce Southern New Jersey’s (CCSNJ) board of directors,…
Mercadien Announces Executive Promotions; Names Ms. Lovepreet Buttar A Partner
September 14, 2020; Princeton, NJ & Philadelphia, PA – The Mercadien Group is pleased to announce several promotions within the firm’s corporate leadership team. Ms. Lovepreet Buttar, CPA, MBA, CGMA,…
Nonprofit Grants & Contracts – It’s Time to Implement FASB ASU 2018-08
In June 2018, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2018-08, Clarifying the Scope of the Accounting Guidance for Contributions Received and Contributions Made. The update…
Are You Ready… For The New Nonprofit ASUs?
In our August 2018 newsletter, we highlighted the four new accounting standards updates (ASU) that will impact nonprofits in the next few years. ASU 2016-14, Presentation of Financial Statements of…