Nonprofit Accounting Basics

Financial Statements and Reporting

Accounting for Uncertain Tax Positions: A Requirement for Nonprofit Financial Statements

FIN 48, Accounting for Uncertain Tax Positions (now codified as ASC 740-10) was made a requirement for any entity with financial statements prepared in accordance with generally accepted acc

Common Disclosures

Some of the most common disclosures are:

FAS 116

What is FASB 116?

Statement of Financial Account Standards 116 (FASB116) is the primary guidance relating to the recording of contribution revenue by not-for-profit organizations (NFPs).

Have You Outgrown Your Financial Reporting System?

As your organization grows and becomes more sophisticated, your financial reporting needs to evolve as well.

Investments: Fair Value Disclosures

A common item on the financial statements of not-for-profit organizations (NPOs) is investments. These investments can often be the largest single line item on the financial statements.

Subscribe to Financial Statements and Reporting