posts tagged as financial reporting


By Tammy Ricciardella | September 24, 2020

New Accounting Standards Update On Nonprofit Gifts-in-Kind

The Financial Accounting Standards Board (FASB) has issued the anticipated Accounting Standards Update on presentation and disclosures of contributed nonfinancial assets for nonprofits. Our latest blog post details how the gifts-in-kind... read more


By Nonprofit Practice Leaders | August 10, 2020

Updated: Main Street Lending Program Now Open to Nonprofits

Recently the Federal Reserve announced an expansion to its Main Street Lending Program (MSLP) to aid nonprofit organizations impacted by COVID-19. Though the application process is not yet open, organizations should begin forecasting... read more


By Lee Klumpp | July 21, 2020

Congress Passes the Protecting Nonprofits from Catastrophic Cash Flow Strain Act to Assist Nonprofit Organizations

On July 2, 2020, the Senate unanimously passed legislation to assist nonprofits and governmental entities. The House passed the bill in a pro forma session on July 9, 2020. The bill is now headed to the president for his signature. read more


By Nonprofit Practice Leaders | August 30, 2019

Maximizing Good: 3 Steps to Meeting Your Nonprofit’s Potential

Good intentions alone are not enough to drive meaningful change. In pursuit of noble missions, nonprofits must consider what steps they need to take in order to maximize their potential to do good. In our latest Nonprofit Standard blog... read more


By Katherine Gauntt | January 17, 2019

Impact of the Wayfair Supreme Court Decision on Nonprofits

Do you know all the ways the Supreme Court’s decision in South Dakota v. Wayfair could impact your nonprofit organization? Whether or not your organization offers goods and services, all organizations could now face extra costs to comply... 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