Nonprofits are organizations that are not owned by shareholders and are not intended to earn profit for distribution. Instead, nonprofits typically seek to earn revenue to distribute for programs, ...

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 ...

Nonprofits keep their books using methods similar to for-profit organizations, making a few differentiations to help them more quickly prepare their taxes at the end of the year. Like other businesses ...

If you’re on the board of a nonprofit, or hold an executive position at one, it is your duty to understand the organization’s finances. And if you fail to do so, you could be liable for financial ...

The Financial Accounting Standards Board released an accounting standards update Thursday to clarify and improve the scope and accounting guidance for contributions of cash and other assets received ...

In professor Jessica Berrett’s Nonprofit Financial Management class at the University of Colorado Colorado Springs, graduate students from the College of Public Service compiled a list of best ...

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 ...

The Financial Accounting Standards Board is expected to release a long-awaited accounting standards update this month to clarify a key issue in the nonprofit world, standardizing how grants are ...