We Wrote the Book on Nonprofit Financial Reporting
We’ve talked a lot about financial reporting here on the Nonprofit Standard, especially in light of last year’s FASB ASU 2016-14, which marked the biggest change to nonprofit reporting standards in decades. The intent behind these changes was to improve the clarity and usefulness of nonprofit financial statements, but those statements can still be tough for even seasoned readers to understand and interpret.
Our own Bill Eisig, Lee Klumpp and Tammy Ricciardella are here to help. They, along with Andrew Lang, President of LangCPA Consulting, co-authored the third edition of How to Read Nonprofit Financial Statements: A Practical Guide
, in collaboration with the American Society of Association Executives (ASAE) and Wiley.
The book is designed to be a one-stop resource for anyone who reads, interprets or prepares nonprofit financials statements. This new edition of the book:
- Clearly defines accounting terminology and concepts, while offering numerous examples of financial statements reflecting both the pre-and post-ASU 2016-14 formats
- Steers you, line-by-line, through financial reports, providing explanations of differences between the pre-and post-ASU 2016-14
- Provides numerous illustrations that help you quickly feel at home with the format of nonprofit financial statements
- Offers exercises that help you gain insight into the concepts surrounding nonprofit financial statements and reinforce your command of those concepts
Purchase your copy of How to Read Nonprofit Financial Statements
on Amazon here