Reviewing the IRS Form 990: Five Tips and Best Practices
With filing season upon us, nonprofits are now busily diving into the process of preparing and reviewing their Form 990s. Thankfully, BDO has written extensively about Form 990 best practices in our...
View ArticleFASB Prepares to Release Not-for-Profit Financial Reporting Proposal Draft
For the last 18 months, we’ve been closely monitoring updates from the Financial Accounting Standards Board (FASB) regarding the organization’s Not-for-Profit Financial Statement Reporting Project. To...
View ArticleYou’re Invited: Nonprofit Fraud – It Could Happen to Your Organization!
Please join BDO for our first session in the 2015 BDO KNOWLEDGE Nonprofit and Education Webinar Series, “Nonprofit Fraud – It Could Happen to Your Organization!” This webinar session will take place on...
View ArticleTo Delay, or Not to Delay? That is the Big Question
Okay, I have taken a few liberties with Shakespeare. But over the past several months, there has been a lot of dialogue and speculation among preparers, auditors and users of financial statements as to...
View ArticleProposed Changes to the Nonprofit Financial Statement Model – What You Need...
Today, the Financial Accounting Standards Board (FASB) issued the proposed Accounting Standards Update, Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954)—Presentation of...
View ArticleYou’re Invited: Rethinking Risk to Build a Better Investment Portfolio for...
Please join BDO for our next session in the 2015 BDO KNOWLEDGE Nonprofit and Education Webinar Series, “Rethinking Risk to Build a Better Investment Portfolio for Nonprofits – Investment, Accounting...
View ArticleSuccessfully Communicating Nonprofit Success – Part One: Efficiency &...
The Great Recession profoundly impacted the nonprofit sector. During an era in which both government funding and overall charitable giving declined, many organizations were forced to decrease their...
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Infographic: The FASB’s Not-for-Profit Financial Reporting Project Exposure...
This past April, the Financial Accounting Standards Board (FASB) issued the proposed Accounting Standards Update, Not-for-Profit (Topic 958) and Health Care Entities (Topic 954)—Presentation of...
View ArticleLiquidity – What’s all the Fuss About?
Liquidity is crucial for not-for-profit (NFP) and for-profit entities alike to have the right amount of liquid and non-liquid resources available when needed to accomplish an organization’s mission....
View ArticleYou’re Invited: Annual Nonprofit Audit and Accounting Update
Please join BDO for our sixth session in the 2015 BDO KNOWLEDGE Nonprofit and Education Webinar Series, “Annual Nonprofit Audit and Accounting Update.” This webinar will take place on Thursday, October...
View ArticleThis One KPI Can Be the Difference Between Nonprofit Success and Bankruptcy
Before New York’s Federation Employment and Guidance Service (FEGS) filed for bankruptcy last year, nobody saw it coming. The nonprofit was 80 years old and had $260 million in revenues, but lurking...
View ArticleExamining Nonprofit Liquidity Issues: A New Look at Government Contracts
New York’s Human Services Council (HSC), which helps member organizations address and meet human service needs more effectively, issued a report this month that served as a call to action—and a...
View ArticleVIDEO SERIES: Lee Klumpp on the FASB’s Nonprofit Accounting Standards Updates...
Recently, our own Lee Klumpp recently sat down with Accounting Today to discuss the latest development in the FASB’s Not-For-Profit Financial Statement Reporting Project, the resulting changes to...
View ArticleYou’re Invited: Webinar on Special Compensation Issues for Nonprofit...
Join us this Thursday, April 21, for the third session in our 2016 BDO KNOWLEDGE Nonprofit and Education Webinar Series, “Special Compensation Issues for Nonprofit Organizations.” The CPE-accredited...
View ArticleAlert: Changes to Charity Navigator’s Rating System
Influential assessment organization Charity Navigator unveiled a new rating system Wednesday, June 1, that it says gives donors a better picture of organizations’ performance over time.The nonprofit...
View ArticleThe Summer Nonprofit Standard Newsletter is Live
For an inside perspective on current trends in the nonprofit industry and their financial ramifications: look no further than the latest issue of BDO’s Nonprofit Standard now available on BDO.com. The...
View ArticleBiggest Change to Nonprofit Financial Reporting in 20 Years Has Arrived
The Financial Accounting Standards Board (FASB) has just released the Accounting Standards Update (ASU), Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954) – Presentation of...
View ArticleReader Poll: What’s Your Take on the New FASB Standard?
Last week, we announced the much-anticipated arrival of the biggest change to nonprofit financial reporting in over twenty years. As our readers know, the Financial Accounting Standards Board (FASB)...
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