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Updated Accounting Standards for In-Kind Donations (2022)

The Charity CFO

If your nonprofit uses donations of supplies, services, and even time to help fund your operations, you need to know about recent changes in accounting standards for in kind donations. And the second will impact the information you include in your disclosures (footnotes) to your financial reports. Get the free guide!

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The End of Accounting? Sustaining Financial Reporting

CFA Institute

The explanatory power of the financial information reported to investors for market valuation has plummeted in recent decades.

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How to best prepare for an audit post-acquisition

E78 Partners

Audits are an essential part of ensuring that a company’s financial statements are accurate and compliant with accounting standards. An acquisition adds complexity to the financial reporting and audit process, so it’s important to be proactive and prepared.

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5 Steps to Prepare your Organization for a Financial Audit

E78 Partners

Audits, while essential for maintaining the integrity and trustworthiness of an organization’s financial reporting, can be a daunting task. This is not just because of the intricacies and specificities required by the auditing standards but also due to the numerous challenges faced by organizations in the run-up to an audit.

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How to Properly Record Revenue for Nonprofits

The Charity CFO

The most important aspect of recording in-kind donations is proper valuation. Establishing an in-kind donation valuation and recording process will help you avoid mistakes when receiving non-monetary donations. Let us help your nonprofit get financially organized through proper revenue recordkeeping. Need Help Recording Revenue?

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What is Net Book Value?

The Finance Weekly

Understanding the Net Book Value (NBV) of a company's assets is critical for knowing its financial health and potential for future growth. This accounting principle offers an insightful perspective into a business's worth , underlining the importance of financial reporting in today's market dynamics.

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How is Goodwill Taxed When Selling a Business?

Michigan CFO

In accounting, indefinite lifespan refers to an asset where its rate of capital depreciation isn’t known or cannot be easily calculated. Using the goodwill valuation calculation above, we can easily see that the goodwill asset value of the T-Mobile/Sprint merger was $3.07 billion with liabilities of $45.56