Find News, Insights, & Resources
Looking for something else?
Search Again
Your nonprofit’s financial statement readers are likely to include its major donors, which means what you include or don’t include in your footnote could have significant consequences for your nonprofit. To help you present your numbers in the best light, here are a couple of things you should know.
Read More
Two of the most significant accounting standards changes the industry has seen in years are just around the corner—and are already impacting the way manufacturers do business this year. Known technically as Accounting Standards Codification (ASC) Topic 842 “Leases” and Topic 606 “Revenue from Contracts with Customers,” the new standards affect both leases and revenue recognition.
Read More
To help you better understand how to account for the contributionsparticularly the grant fundsyour nonprofit organization receives, here’s what you should know about conditional contributions
Read More
You may have heard the Financial Accounting Standards Board (FASB) released new accounting standards that amend generally accepted accounting principles (GAAP). Many of these changes need to be implemented by January 1st, 2019.
Read More
For those tasked with audit preparation, the month of December can bring about more than highly choreographed visions of sugarplums. Scrambling at year’s end to prepare for the audittrying to recall activities from months past, sifting through pages of notescan bring about a great deal of added stress.
Read More
In this article, you’ll find a summary of changes and key points to consider when implementing GASB No. 61.
Read More