posts tagged as financial reporting


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


By Nonprofit Practice Leaders | July 13, 2017

Listen to our Annual Nonprofit Accounting and Auditing Update

Are you up to speed on the FASB and AICPA projects that could impact the nonprofit sector? Join us on Tuesday, July 25 at 1 pm EST, for our Annual Accounting and Auditing Update. read more


By Tammy Ricciardella | June 28, 2017

Part Three – A Deeper Dive into ASU 2016-14 Implementation Issues

In part three of a blog series on FASB Accounting Standards Update (ASU) 2016-14, Not for Profit Entities (Topic 958): Presentation of Financial Statements of Not for-Profit Entities, Tammy Ricciardella reviews changes to the... read more


By Nonprofit Practice Leaders | June 12, 2017

Introducing BDO’s First Nonprofit Benchmarking Survey

To help nonprofits assess their key metrics, The BDO Institute for Nonprofit ExcellenceSM developed Nonprofit Standards, a benchmarking survey designed to provide tax-exempt organizations with a barometer to measure... read more


By Nonprofit Practice Leaders | May 25, 2017

Webinar: Nonprofit CFOs Talk FASB ASU Implementation Issues

After the release of the FASB’S accounting standards update on the presentation of nonprofit financial statements, big changes are coming to nonprofit financial reporting. Join us on Tuesday, May 30, from 1-2pm ET for the next... read more


By Tammy Ricciardella | May 22, 2017

Part Two – A Deeper Dive into ASU 2016-14 Implementation Issues

In part two of a blog series on FASB Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, Tammy Ricciardella dives deep into changes to expense... read more


By Nonprofit Practice Leaders | May 09, 2017

Webinar: Cost Allocation Changes Under FASB ASU 2016-14

Join us on Thursday, May 11, from 1-3 pm ET, for the next installment of the 2017 BDO KNOWLEDGE Nonprofit & Education Webinar series. This webinar will discuss the new disclosure requirements and changes to cost allocation under the FASB... read more