Nonprofit’s Guide to Financial Statement Services: Audit, Review, Compilation, and Preparation Services
Financial statements are a critical tool used by management and boards of nonprofit organizations to gauge how well the organization is performing, determine the strength of financial position, and make informed decisions for the future of the organization. Financial statements … Read more…
Fraud: It’s Not Just for Insiders
In our ever-expanding digital world, many of us have had at least one of the following experiences: If you have, these are all warning signs of potential fraud from outsiders. We are continuing to see a growing number of schemes … Read more…
Dashboard Reporting – Three key metrics
The not-for-profit sector is an ever-growing and evolving industry and with that comes various challenges and opportunities. With good financial reporting and analysis, not-for-profit organizations can prepare for these challenges and take advantage of opportunities that arise timely and with … Read more…
A Closer Look at Donor-Restricted Contributions
A contribution is an unconditional transfer of assets or settlement of liabilities in a voluntary, nonreciprocal transfer. Contributions are recognized at fair value when the contribution is made/promised. Revenue from unconditional contributions is recognized by the nonprofit in the period received/promised … Read more…
