The Charity CFO

JANUARY 21, 2022

If you’re looking for info on fund accounting in government here is a great resource for you. Both Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) 116/117 require at least a minimum level of fund reporting, so you’ll need it in order to pass an audit.

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

The Charity CFO

OCTOBER 9, 2024

This makes it challenging to create technology that tracks data for fundraising purposes while still following accounting principles. Instead, accounting software prioritizes accuracy, standardization, and regulatory compliance. The short answer: these two datasets serve different purposes.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

CFO Share

JUNE 27, 2024

In general, financial statement compliance involves adhering to established standards and regulations, such as Generally Accepted Accounting Principles (GAAP) and the Financial Accounting Standards Board (FASB) guidelines. What is Financial Statement Compliance? This should include regular workshops and seminars.

Financial Reporting 52

Financial Reporting Compliance CFO Auditing 52