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Services-In-Kind at a Global Organization
Services-in-kind (SIK) are donated services to an organization, and can take many forms. Common forms of SIK include volunteer time, donated advertizing, donated space (free rent), and donated...
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How do I start a not-for-profit?
I am sometimes surprised by how often I’m asked how to start a nonprofit. I attribute these questions to my friends not understanding the difference between an accountant who works for an existing...
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Are NFP’s more like Private Companies, or Public Companies?
There is currently a bit of a disagreement (perhaps spat) between the AICPA and the FASB. I wrote this previous post on the AICPA’s Blue Ribbon Panel on Private Company Reporting. Their report was...
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Convergence Projects Update
The FASB and the IASB recently announced their plan to reexpose their proposed new lease accounting standard. This seems to be a theme as several other key projects are slated for reexposure this year....
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Overhead rate is a poor measure of efficiency
There is no financial metric more scrutinized in the not-for-profit world than overhead percentage. As a result I am always hesitant to write on the topic because any article on overhead tends to be...
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Be Creative
It is very easy as an accountant to lose sight of the big picture. For those of us that work in U.S. or in another country away from the primary ministry as a part of a large organization, we...
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The Future of Not-For-Profit Financial Statements
There are several recent developments which are likely going to have a significant impact on how nonprofit financial statements will look in the future: The establishment of the Private Company...
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What matters the most to be successful in internal auditing — Brilliance or...
What matters the most to be successful in internal auditing — Brilliance or Consistency? Before we answer that, here is one more question to answer first. “What is your 20 mile march?” You may be...
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Results reporting: Momentum for Non-profits to Demonstrate Effectiveness
These last few years, watchdog agencies and donors have increasingly created demand and interest in results reporting for Non-profits. In January, 2013, Charity Navigator released its final rating...
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“Other” Audits
We talk a lot about financial accounting, financial statements audits, and internal audit, but what about those “other” audits and financial reporting? Occasionally, we organizations go through audits...
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