As the bridge between a nonprofit‘s operations and its stakeholders, financial statements can be a powerful storytelling tool. Traditionally, financial statements provide transparency, demonstrate ...

To determine the financial health of a nonprofit organization, you need to understand its financial statements. Some nonprofits are required to publish a Form 990, which is a public document. You can ...

Just about everyone recognizes the challenges and difficulties running a for-profit business but running a nonprofit can be just as challenging, if not more. Many individuals have come to rely – in ...

BDO USA has released the third edition of its guide to nonprofit financial reporting, updated to include the recent changes by the Financial Accounting Standards Board. Processing Content The book, “ ...

Nonprofits keep their books using methods similar to for-profit organizations, making a few differentiations to help them more quickly prepare their taxes at the end of the year. Like other businesses ...

Certified financial statements are accounting statements that have been certified by an independent accounting firm. Learn ...

At times during audit season, not-for-profit financial statement auditors may feel like medical professionals in January. They’re extremely busy, and many of the “patients” receive the same diagnosis.

What Else Do Financial Records Include? Other than the most common line items found in financial statements, investors can also read the lesser known items, such as the footnotes, which often contain ...