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Statement of Financial Position: Reading a Nonprofit Balance Sheet

The Charity CFO

What is the Statement of Financial Position? The Statement of Financial Position is the Balance Sheet of a nonprofit organization. The Statement of Financial Position can help you answer critical questions about your business.

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New Rules For Nonprofit Lease Accounting: ASC 842 Explained

The Charity CFO

Updated standards on accounting for nonprofit leases ( ASC 842 ) go into effect this year for most organizations–and next year for the few remaining exceptions. What is ASC 842 for nonprofit lease accounting? And the rule changes will impact a large percentage of nonprofit organizations. When does ASC 842 take effect?

Finance 98
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A Detailed Guide on Nonprofit Balance Sheet (Examples & Sample)

Donorbox Nonprofit

How do you prepare a nonprofit balance sheet? A nonprofit balance sheet is also known as a statement of financial position. This is one of the required financial reports for nonprofits. Balance sheets for nonprofits share your organization’s liquidity and […].

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What to look for in nonprofit accounting financial statements

The Charity CFO

Nonprofit accounting financial statements may seem like a chore. However, the benefits of these statements far outweigh any possible inconvenience. Nonprofits use financial statements to comply with IRS regulations, build trust with donors, and plan for the future.

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The 5-Minute Guide to Nonprofit Finances

The Charity CFO

It’s a myth that all stakeholders need to be experts in every aspect of nonprofit finances. Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. Because the basics of nonprofit finances are easy to grasp. .

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What Are Net Assets?

The Charity CFO

Since nonprofit organizations don’t profit from the money they make , the accounting processes for nonprofits look somewhat different than for-profit companies. And one of the key differences is that nonprofits talk about net assets rather than net income or equity. Understanding Nonprofit Net Assets.

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Reports Board Members Want: A CFO’s Perspective

Non Profit Accounting Academy

Mary Diegert is a recently retired CFO with 25 years’ experience in the nonprofit human services sector. Her focus is on sharing with nonprofit finance directors her lessons learned from 25 years of on-the-job training. He was semi-retired, coming from an executive position in a regional health care facility.

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