VCFO

JULY 22, 2022

ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). These impacts will include major changes to accounting practices and financial reporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward.

Accounting 77

Accounting Accounting Standards Economics Advertising 77

The Charity CFO

JANUARY 5, 2022

For example, “salary” is a straightforward line-item on a for-profit financial report. . To complete your IRS 990, you’ll need to report your expenses based on how they fall within 3 categories, they are: . This may include materials, advertising, salary of program administrators, a portion of your rent, and more.

Nonprofit 96

Nonprofit Auditing GAAP Accounting Principles 96

The Charity CFO

DECEMBER 15, 2023

Sponsorships are often one-time donations in the form of advertisements or promotions for the sponsoring business. A strong in-kind donation recording system will help you stay in compliance with accounting standards for in-kind contributions. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Nonprofit 52

Nonprofit Compliance CFO Valuation 52