How to Read Nonprofit Financial Statements: A Practical Guide

Whether you’re a nonprofit executive unfamiliar with the language of financial statements or a seasoned pro, How to Read Nonprofit Financial Statements: A Practical Guide, 3rd Edition is a key resource that will help you read, interpret, and use nonprofit financial statements, including everything you need to know about the new FASB ASU 2016-14 nonprofit reporting standard.
Recently issued, this accounting standard is designed to improve the clarity and usefulness of nonprofit financial statements. Making sense of those statements can be difficult, but this guide can help. Written for accountants and non-accountants alike, it provides key guidance to those who use and prepare nonprofit financial statements on how to interpret and implement new FASB standard. It also includes easy-to-understand accounting terminology and concepts, line-by-line financial report explanations of pre and post-ASU 2016-14 formats, and valuable insight into the core concepts of nonprofit financial statements.
How to Read Nonprofit Financial Statements is an invaluable resource for anyone who works with these all-important documents. Written by Andrew S. Lang, William Eisig, Lee Klumpp, and Tammy Ricciardella, this guide incorporates the extensive experience and deep industry knowledge of professionals in the top of their field. To order your copy, please click here

Explore the Nonprofit Standard Blog >>  

Follow @BDONonprofit on Twitter


Benchmarking Tool



William Eisig
William Eisig Atlantic Managing Partner 703-336-1401
Marc Berger - BDO Greater Washington, D.C.
Marc Berger National Director, Nonprofit Tax Services 703-336-1420
Lee Klumpp
Lee Klumpp National Assurance Partner – Nonprofit & Government 703-336-1497
Tammy Ricciardella
Tammy Ricciardella Technical Director 703-336-1531
Andrea Wilson - BDO McLean
Andrea Wilson Partner; Nonprofit & Education Advisory Services Leader 703-752-2784
Susan Friend
Susan Friend National Assurance Director - Nonprofit & Government 954-626-2964
See all contacts


September 11, 2019
Join us for a candid conversation with an audit committee chair, a senior legal counsel, and the head of BDO's National Assurance practice as they share their experience with managing, advising and responding to emerging risks, illegal acts, and restatements impacting public companies.
September 24, 2019
Information Technology is a rapidly evolving space that organizations can leverage to be a business enabler. However, the evolution of Information Technology has also brought with it increased risks and regulatory requirements.