Category: Nonprofit

Financial Liquidity
How Can I Measure the Liquidity of My Nonprofit?

Financial performance measurement is a strategy a Nonprofit organization can use for evaluating operations, programs,…

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Pre-Tax Travel Expense Changes and the Impact to Nonprofits

The Tax Cut and Jobs Act of 2017 added a provision to the Internal Revenue…

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FASB Clarifies Nonprofit Grants and Contributions
FASB Clarifies and Improves Guidance for Nonprofit Grant and Contributions Accounting

The FASB issued ASU 2018-08 to clarify the accounting guidance related to contributions made or received.…

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Are You Prepared for Liquidity Disclosures?

o make nonprofit financial reporting more transparent, the Financial Accounting Standards Board (FASB) has published…

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What Nonprofits Need to Know About Rev Rec

With ASC 606 – the Financial Accounting Standards Board’s (FASB) new revenue recognition standard –…

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MA Nonprofits: Getting to Know the CORE Plan

The Connecting Organizations to Retirement (CORE) Plan was launched in late 2017 as a 401(k)…

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Pledge Receivables: The Accounting Isn’t As Simple As It Might Seem

It’s welcome news for a nonprofit when a donor promises to make a contribution at…

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Nonprofits & Cybersecurity: Countering Weaknesses with Sound Controls
Nonprofits & Cybersecurity: Countering Weaknesses with Sound Controls

In January 2017, Indiana-based nonprofit, Little Red Door – which provides cancer services to local…

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The Nonprofit Case for Internal Controls
The Nonprofit Case for Internal Controls

The core of any organization’s fraud-prevention program is strong internal controls. Yet too many nonprofits…

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What’s the Difference Between Nonprofit and For-Profit Financial Reporting?
What’s the Difference Between Nonprofit and For-Profit Financial Reporting?

Board members and new staff with for-profit backgrounds don’t always grasp the differences between the…

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