Non-Profit Tag

Accounting for contributions and grants has often proven complicated for non-profits, especially when they come with donor-imposed conditions. But 2018 guidance from the Financial Accounting Standards Board (FASB) provided some much-needed clarification of earlier instructions. Provider factor Traditionally, non-profits have taken varying approaches to characterizing grants and...

Did you know that the Financial Accounting Standards Board recently extended the simplified private-company accounting alternatives to non-profit organizations? Many merging non-profits, including educational institutions and hospitals, welcome these practical expedients. Here are the details. Alternative for goodwill The first alternative accounting method allows for the amortization...