The Financial Accounting Standards Board (FASB) sets accounting rules for public and private companies and nonprofits in the United States. A related organization, the Governmental Accounting Standards Board (GASB), sets rules for state and local governments. In recent years, the FASB has been worki...
Designed Specifically for Churches. Many nonprofit accounting software packages aren’t true fund accounting. Generally, they are for-profit accounting software packages that have been rebranded and marketed to nonprofits. Additionally, they work great for small businesses, but unfortunately not for churc...
FASB proposes goodwill alternative for certain private companies, nonprofits Dec 23, 2020 2:44 AMByKyle Brasseur The Financial Accounting Standards Board proposed a standard update to provide an accounting alternative to the goodwill triggering event assessment for certain private ...