As part of FASB’s ongoing initiative to improve the effectiveness of the notes to the financial statements, modifications were made to the fair value measurement disclosures. On August 28, 20
Financial accounting is the act of tracking transactions with the goal of providing accurate and timely information about an organization’s financial position and performance. Without account
Creating a policy is like making a decision when you have time to be thoughtful, to do adequate research, and to consult colleagues and other professionals rather than making decisions in haste as
A gift acceptance policy allows the board to define the parameters and guidelines for eliminating controversial or risky donations. Unwelcome donations might include gifts that:
A conflict of interest arises when a board or a staff member is in a situation where his decision making may be impaired by personal, financial, or other busin
