This is the revenue threshold that triggers the need for an audit.
What is $2 million?
100
These may only be imposed by donors.
What are restrictions?
100
FMV
What is fair market value?
100
The previous threshold for a single audit under OMB Circular A-133.
What is $500,000?
100
The first CPA exam was administered in this state.
What is New York?
200
These may only be imposed by donors.
What are restrictions?
200
How unconditional promises to give are recorded that extend beyond one year.
What is net present value?
200
SEFA
What is Schedule of Expenditures of Federal Awards?
200
The current threshold for a single audit under the Uniform Guidance.
What is $750,000?
200
2016 American Crime Action Thriller directed by Gavin O'Connor
What is The Accountant?
300
The annual form nonprofits must file with the IRS.
What is Form 990?
300
A promise to give that depends on the occurrence of a specified future and uncertain event.
What is a conditional contribution?
300
OMB
What is the Office of Management and Budget?
300
A grouping of closely related programs that share common compliance requirements, and are considered one program for major program determination.
What is a cluster?
300
Los Angeles accounting firm, formed in 1953.
Who is Alder, Ginser, and Hasson?
400
The net asset classification of a Board-restricted Endowment?
What is unrestricted?
400
The net asset classification of a board designated endowment.
What is unrestricted?
400
CFDA
What is the Catalog of Federal Domestic Assistance?
400
Threshold for a Type A program under the Uniform Guidance.
What is $750,000?
400
Often referred to as "The Father of Accounting and Bookkeeping", this 15th century friar literally wrote the book on the double-entry system of bookkeeping.
Who is Luca Pacioli?
500
Currently required to present functional expenses.
What are voluntary health and welfare organizations?
500
Net asset classifications as part of ASU 2016-14.
What is "with donor restrictions" and "without donor restrictions"?
500
UPMIFA
What is Uniform Prudent Management of Institutional Funds Act?
500
Previous threshold for a Type A program under OMB Circular A-133.