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Nonprofit Accounting Basics for Founders, Board Members & Executives

The Charity CFO

That’s really all that accounting is, so don’t let the terminology intimidate you. . You can grasp nonprofit accounting basics in just a few minutes, even if you’ve never taken an accounting course (and even if you hated math in high school). Accrual-Basis Accounting. How is nonprofit accounting different?

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Transcript: Gary Cohn

Barry Ritholtz

You’re doing a lot of math in your head on the Fly. I’m doing, I’m doing an awful lot of math in my head on the fly. He knows how to manage risk, and he knows how to trade for a profit for a p and l. And occasionally people are gonna argue about, Hey, who has this loss? Or who has this profit?

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