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Contributions of nonfinancial assets or so-called “gifts-in-kind" (“GIK”) can be an important source of financial support for nonprofits.

Categories: Financial Management
Tags: Accounting, In-Kind

There have been a lot of changes in the accounting practices for nonprofits over the past couple of years.

Categories: Financial Management
Tags: FASB, Accounting, Financial Statements, Bookkeeping, Government-Nonprofit Contracting

On August 18, 2016, the Financial Accounting Standards Board (FASB) issued new rules for nonprofits: “...

Categories: Financial Management
Tags: FASB, Accounting
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