Nonprofit Accounting Basics

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Changes to Fair Value Disclosure requirements - What You Need to Know

Originally Posted: November 14, 2022

The FASB’s new guidance in ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement, impacts the fair value d

FASB ASU 2016-14: Liquidity - Organization Liquidity is More than Cash

Originally Posted: November 14, 2022

The nonprofit financial statement format has a number of major areas affected by the new standard and the Liquidity is one of them.

Understanding Contributed Services

Originally Posted: November 14, 2022

Contributed services are professional services that have been donated by someone outside of your organization with specialized skills — such as those provided by doctors, nurses, lawyers or account

Giorgi Datashvili

Aronson LLC

What Board committees are recommended for a newly formed nonprofit?

Originally Posted: October 31, 2022

Question: I will be forming a new nonprofit organization soon and I am in the process of recruiting the initial Board of Directors and drafting governing documents.

Nonprofit Funding Sources (Donor Types)

Originally Posted: October 31, 2022

Funding comes from a variety of sources for nonprofits. Every nonprofit has a niche and a funding strategy to match.

Accounting Made Easy: 5 Steps to Fast, Easy, and Accurate Bank Reconciliations

Originally Posted: October 17, 2022

One of the more fundamental and important processes in the monthly close is the reconciliation of bank accounts.

Protocol for Issues Involving Prior Period Checks

Originally Posted: October 17, 2022

Situation:  

A check from a Prior Year (or prior period) has not cleared the cash account (lost, destroyed, etc.).

Solution:

Amanda Dolina, CPA, CAPM

West Bridge Finance Solutions

Jacqueline Cardello, CPA

GRF CPAs & Advisors

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