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FASB financial accounting & reporting

About this topic

These learning resources are designed to enhance the competency and development of not-for-profit professionals, including staff and stakeholders of not-for-profit entities and the firm practitioners who serve them.

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Get revenue recognition right at not-for-profits

Costly revenue recognition mistakes can be avoided by following best practices that lead to proper judgments. This article explores these best practices.

Article FASB financial accounting & reporting Intermediate

Top 3 Takeaways on FASB’s New Not-for-Profit Standard

Are you nervous about implementing the Financial Accounting Standards Board’s new not-for-profit standard? This blog post discusses some important considerations.

Article FASB financial accounting & reporting Foundational

3 Potential Financial Reporting Errors Found at Not-for-Profit Organizations

Financial statements provide a compelling picture of the not-for-profit entity’s activities. This blog post highlights three potential concerns to be aware of.

Article Financial statement presentation Intermediate

Avoiding Common Errors in Not-for-Profit Financial Reporting

In this archived webcast, geared towards not-for-profits and their auditors, we will explore some of the most common, material errors encountered when conducting...

Webcast Audit Intermediate

New Revenue Recognition Model to Affect NFPs

This page provides an overview of the new revenue recognit ion standards and its affect on not-for-profits.

Article FASB financial accounting & reporting Foundational

Illustrative Financial Statements - Not-for-Profit Entities

These illustrative financial statements and related disclosures have been created to serve as a non-authoritative example of a possible presentation of a complete set...

Article Financial statement presentation Intermediate

Common Financial Statement Errors

This document contains a series of lists developed to serve as a non-authoritative illustration of some financial statement errors commonly found in small and...

Article Financial statement presentation Intermediate

Functional Expense Classification

This article provides an overview of the financial reporting requirements under GAAP and offers some tips for designing and optimizing your NFP's expense allocation...

Article Functional expenses & joint costs Foundational

Account Workpapers of NFPs

NFPs have unique reporting requirements under GAAP. These account workpapers are provided as examples of accounts that require special consideration.

Tool FASB financial accounting & reporting Intermediate

Key Differences between Financial Statements Prepared in Accordance with U.S. GAAP and IRS Form 990

Do you know the differences between the requirements of GAAP and the required presentation of financial information in Form 990? This reference chart will help you...

Tool Tax & regulatory Foundational