As a part of the response to the call for increased transparency and accountability among not-for-profit entities (NFPs), FASB has taken on a project to improve the existing NFP financial reporting ...

The new international accounting standard is aimed at more consistent reporting that’s better aligned with how businesses are ...

Terms like “deferred income” and “cash equivalents” are explained in plain English in Not-for-Profit Accounting Made Easy, written primarily for those who haven’t received professional training in ...

As the bridge between a nonprofit‘s operations and its stakeholders, financial statements can be a powerful storytelling tool. Traditionally, financial statements provide transparency, demonstrate ...

Many investors have some understanding of typical financial statements like the balance sheet, income statement and cash flow statement but governmental and nonprofit financial statements may be ...

What Else Do Financial Records Include? Other than the most common line items found in financial statements, investors can also read the lesser known items, such as the footnotes, which often contain ...

Voluntas: International Journal of Voluntary and Nonprofit Organizations, Vol. 29, No. 6 (December 2018), pp. 1330-1346 (17 pages) Financial reporting is an important aspect of not-for-profit ...

After reading the insightful white paper “No Margin, No Transformation: Why not-for-profit health systems need positive margin” published by Deloitte, I was struck by the complex fiscal challenges ...