Accounting Principles Auditing Financial Reporting Valuation 
The Charity CFO
MAY 10, 2022
The changes to in kind donation reporting are specifically for organizations that follow generally accepted accounting principles (GAAP) in preparing their financial statements. Typically, a CPA would prepare these statements as part of a yearly review or audit. Why is FASB making this change?
Cube Software
MAY 11, 2023
Pro forma financial statements and GAAP It's important to note that, since pro forma statements are based on hypothetical or projected data, they are not compliant with generally accepted accounting principles—GAAP statements must be based on actual financial results.
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