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FASB Unveils New Accounting Standard For Not-for-profit Entities

The Financial Accounting Standards Board (FASB) has issued the first major changes to the accounting standards for not-for-profits’ financial statement presentation in more than two decades. Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements … Continue reading

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Tips to Improve Nonprofit Development and Accounting Collaboration

Communication breakdowns between a nonprofit organization’s development and accounting departments can lead to confusion, embarrassment and, worse yet, financial problems. Nonprofits, therefore, must take proactive steps to facilitate collaboration between these two critical functions. Here are three tips: Get a … Continue reading

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