posts tagged as Financial Reporting


By Nonprofit Practice Leaders | October 25, 2018

The Genome of the IPO – A Checklist

A proper IPO requires significant focus, time and resource investment to support a successful long-term strategy. To thrive in the everchanging healthcare and life sciences ecosystems, an organization must develop a thoughtful approach... read more


By Joe Sremack | July 10, 2018

An Introduction to Robotic Process Automation for Nonprofits

Robotic process automation (RPA) is helping both for-profit and nonprofit organizations do more with less. How are businesses using it today, and how can nonprofits adapt it for their needs? Joe Sremack, director of BDO’s Data Analysis &... read more


By Lee Klumpp | June 21, 2018

Are Grants Subject to Revenue Recognition?

Today, the Financial Accounting Standards Board (FASB) issued clarified guidance on accounting for contributions. To help nonprofits understand the changes, the Nonprofit Standard blog outlines a practical example of how to classify a... read more


By Laurie De Armond | May 21, 2018

Financial Stewards, Risk Mitigators, Digital Pioneers: What Don’t Nonprofit CFOs Do?

The role of the nonprofit CFO has grown far beyond the four corners of a financial statement. How has it evolved, and what can CFOs do to advance their organization’s mission? Our latest blog post, which recaps the CFO Panel at BDO’s... read more


By Lee Klumpp | May 09, 2018

A New Tool for Evaluating Nonprofit Financial Fitness

How can you determine if your nonprofit is financially fit? Liquidity is an important part of the equation. Learn more about liquidity and new disclosure changes in our latest blog. read more


By Nonprofit Practice Leaders | April 26, 2018

Podcast: 7 Steps to Revenue Recognition Readiness

What prompted the FASB to release its new revenue recognition standard, and how can nonprofits prepare? BDO’s Lee Klumpp and Carla DeMartini answer these questions and more in a recent New York Nonprofit (NPN) Media podcast. read more


By Nonprofit Practice Leaders | April 12, 2018

Nonprofits Can Apply SEC Guidance Related to Tax Reform – FASB Q&A

A recent Q&A issued by the Financial Accounting Standards Board (FASB) indicates that nonprofits can apply guidance from the Securities and Exchange Commission (SEC) for applying Topic 740, Income Taxes, as it relates to tax reform. read more


By Andrea Wilson | February 15, 2018

Shaking Off the Stigma of Indirect Costs

The “burden” of indirect costs remains one of the top concerns for both nonprofit organizations and their donors. Faced with limitations on indirect cost recovery from private foundations, shrinking federal dollars, and the increasing... read more


By Lee Klumpp | November 16, 2017

FASB Clarifies How Nonprofits Should Characterize Contributions

On August 3, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU), “Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made.” The ASU is intended... read more


By Kristy VanderMolen | August 02, 2017

How to Create and Use Tribal Governments’ Financial Statements: New Guide

Tribal governments in the United States face unique challenges when it comes to financial reporting. Historically, accounting best practices haven’t taken these into account. read more