Blog
How Technology & Culture Support Sustainability
Embracing technology, outsourcing key operations to specialists and improving organizational culture can all be a part of a nonprofit’s plan for sustainability. While it’s important to make plans, recent years…
Storm-Related Single Audit Extensions
Under the Stafford Act, the following were declared major disaster areas: Puerto Rico, Alaska, Florida, South Carolina and North Carolina. Consistent with these declarations, the Office of Management and Budget…
New Data on Nonprofit Challenges and Opportunities: Benchmark Yourself Against Industry Peers
BDO released its annual Nonprofit Standards benchmarking survey of more than 270 nonprofit organizations. The new data reveals nonprofit leaders’ strategies for dealing with economic uncertainty, meeting the needs of…
GASB Statement No. 101, Compensated Absences
In June 2022, the Governmental Accounting Standards Board (GASB) issued GASB Statement No. 101, Compensated Absences (GASBS 101 or Statement). The Statement updates the accounting and financial reporting requirements for…
GASB Statement No. 100, Accounting Changes and Error Corrections
On June 13, 2022, the Governmental Accounting Standards Board (GASB) achieved a major milestone in issuing its 100th accounting statement, GASB Statement No. 100, Accounting Changes and Error Corrections (GASBS…
Presentation and Disclosure Examples for FASB ASU on Contributed Nonfinancial Assets
In the Fall 2022 edition of the Nonprofit Standard, Matt Cromwell recently outlined the implementation requirements of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2020-07, Not-for-Profit Entities (Topic…