Nonprofit Accounting Basics

Financial Statements and Reporting

Auditor’s Reports Will Soon Look Different

Originally Posted: November 11, 2021

Auditor’s reports will look different for audits of financial statements for periods ending on or after December 15, 2020.

Availability and Liquidity Disclosure

Originally Posted: July 5, 2022

With the existing Liquidity and Availability disclosures required for non-profit organizations, there is certain qualitative and quantitative information that should be disclosed.

Presentation and Disclosure Requirements in ASU 2020-07 for Gifts-in-Kind

Originally Posted: December 30, 2021

The Financial Accounting Standards Board (FASB) has issued an accounting standards update ASU No.

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