Not-for-Profit Accounting & Reporting

Thoughtware Resource Published: Apr 08, 2019
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Not-for-profit (NFP) accounting has evolved substantially over the last few years with the adoption of the new financial reporting format and clarity around distinguishing grants and contributions. In addition to industry-specific guidance, NFPs must stay abreast of all FASB standards. Like private companies, NFPs don’t meet the definition of a public business entity and are at times afforded exceptions to ease the implementation guidance of new standards or issued alternative guidance altogether. BKD has gathered relevant BKD Thoughtware® for charities, foundations, colleges and universities, health care providers, religious organizations, trade associations and cultural institutions.

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