New Rules For Nonprofit Accounting

Hello again, Community!


We've added more great content to New Rules for Nonprofit Accounting series! Head over to the Chart of What Counts at nonprofitaccounting.blackbaud.com/standards-and-regulations to check out the latest publications:

• The Nonprofit Auditor and Mission-Infused CFO: Building a Strategic Partnership for Success, by Russell C. Pomeranz, President, Claverack Advisory Group
• What the Federal Data Standards Mean for Grant Recipients, by Lucy M. Morgan, Founder and Director, MyFedTrainer.com

 

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We've added a new eBook to this series, which provides an overview of key regulatory changes for nonprofit accounting in recent years and provides tips for compliance change management.


Visit our financial management thought leadership hub to download your copy! Clarity in Communication: The New Rules for Nonprofit Accounting and Reporting

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In recent years, nonprofit accounting and reporting standards have seen some of the biggest updates in decades. With significant changes to requirements—such as the OMB's 2 CFR Part 200, FASB's ASU 2016-14, the forthcoming GREAT Act, and more—it can be difficult to keep up with compliance.


That's why we've launched the New Rules for Nonprofit Accounting Campaign in 2019. We want to give you with the best resources to keep you informed on what has changed—and what's changing—as well as provide best practices for minimizing disruptions and risk when implementing new requirements. 


If you're interested in digging in and learning more, check out the resources linked below. We'll continue to publish new content over the next several months, so be sure to check back here!

• White Paper: Compliance Risk Management for the Empowered Nonprofit
• On-Demand Webinar: FASB Revenue Recognition Standards for Nonprofits
• Additional Resources: Standards and Regulations on the Chart of What Counts

Have you implemented the changes presented in the FASB's ASU 2016-14, ASC 606 on Revenue Recognition, or any other standards? What were some of the challenges you overcame as you applied the changes to your organization's processes?