As the bridge between a nonprofit‘s operations and its stakeholders, financial statements can be a powerful storytelling tool. Traditionally, financial statements provide transparency, demonstrate ...

Certified financial statements are accounting statements that have been certified by an independent accounting firm. Learn ...

In a January 2017 NYN Media article, my colleague Sibi Thomas provided a great overview of the new liquidity disclosure requirements that are part of a significant amendment to the nonprofit ...

Humentum, a global nonprofit, and the Chartered Institute of Public Finance and Accountancy introduced the International Non-Profit Accounting Standard on Monday after working to develop it for six ...

What Else Do Financial Records Include? Other than the most common line items found in financial statements, investors can also read the lesser known items, such as the footnotes, which often contain ...

Editor’s Note: This post is focused on helping you understand profit and loss statements. This financial statement is used by most small business owners to help assess business profits and losses ...

It is time for nonprofit accounting standards to recognize the concept of “philanthropic equity.” For too long, donors have looked at nonprofit financial statements and believed that as much money as ...