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Nonprofit Accounting Basics for Founders, Board Members & Executives

The Charity CFO

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. So you can understand what’s happening in your business and communicate effectively with your board members, donors, and financial team. with this overview of nonprofit accounting basics. . It’s a necessity.

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Transcript: Tom Wagner, Knighthead Capital

Barry Ritholtz

And so I switched to accounting because the most successful person I knew directly was my uncle who was a partner in a public accounting firm. And it was the most profitable day of trading I’d ever had. WAGNER: You know there are a number of things that occurred. I’ll give it a shot.”

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Transcript: Gary Cohn

Barry Ritholtz

If you look at the, if you look at the filing and you look at the size of the company and the revenue, the entire yearly revenue numbers would be a bad quarter right? He knows how to manage risk, and he knows how to trade for a profit for a p and l. You know, my, my number one priority was to operating the firm on a day-to-day basis.

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Transcript: Bill Browder

Barry Ritholtz

And I was kind of intrigued and so I said, can we discuss it, and he laid it out on a conference table and I said, what’s this number? And then I said, what’s this number down here, and he said, this is last year’s earnings. And that number was $160 million. And so there I was nursing a 90 percent loss.