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Non Profit Insights

NFP Goodwill Accounting Alternative

In December 2018, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) related to extending the private company accounting alternatives on goodwill and certain intangible assets to not-for-profit (NFP) entities. In 2014,...

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A Tool for Evaluating Nonprofit Financial Fitness

Being financially fit and stable is critical to any business, including a not-for-profit (NFP). If a NFP has a weak financial position, it may not be able to sustain its operations. While the perception by many in today’s society is that most NFPs are generally...

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