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20/20 Insights
New rules clarify accounting for grants and contributions
Published 08/08/2019
When the Financial Accounting Standards Board (FASB) released new rules for revenue recognition in 2014, contributions were specifically excluded. Now…
Building an effective audit committee
Published 08/08/2019
Your nonprofit’s board isn’t required to form an audit committee — even if your organization is required to conduct audits.…
Nonprofit accounting is different: here’s how
Published 08/07/2019
Carolyn, the executive director of an educational nonprofit, was thrilled, after a long search, to welcome two new members to…
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