Accounting
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Lease Standard Education Series for Nonprofits – Practical Expedients and Policy Elections
In this edition of our lease educational series for nonprofits, we dive into the standard focusing on practical expedients and policy elections. Learn more here.
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Lease Standard Education Series for Nonprofits – Lease Identification and Lease Term
In this edition to our lease educational series for nonprofits, we dive into the standard focusing on lease identification and lease terms. Learn more here.
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Lease Standard Education Series for Nonprofits – Discount Rates
In this edition to our lease educational series for nonprofits, we dive into the standard focusing on discount rates. Learn more here.
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Lease Standard Education Series for Nonprofits – Lease Standard Basics
In this edition to our lease educational series for nonprofits, we dive into the standard, focusing on the lease commencement date, the differing arrangements, and the lease liability and right of use asset calculations.
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Leveraging Financial and Nonfinancial Information to Improve Program Success
Has your organization considered how leveraging financial and nonfinancial information can contribute to program success? Let’s dive deeper into this topic as we continue our series on nonprofit financial statements and ratios.
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Lease Standard Education Series for Nonprofits – Series Introduction
The new lease standard is now effective and may require some time and attention for those nonprofits with many or unique lease relationships. Over the next few months, CLA will be rolling out an educational series designed to give nonprofits the confidence they need to successfully implement this new lease standard.
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Changes to Nonprofit Reporting of Gifts-In-Kind – Implementation Examples
ASU 2020-07 requires new disclosures and presentation for contributed nonfinancial assets (gifts-in-kind) for nonprofit organizations. Here are some FASB examples to help with the implementation process.
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Changing Payroll Systems: Five Lessons Learned
CLA’s Stacey Johnson shares lessons learned. The payroll system selected has to do double duty to fully integrate with a new accounting system and function as the human resource hub for benefits, PTO accruals, and staff onboarding. Is that asking a lot from a payroll system? Yes, it is, and rightfully so.
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Whole Organization Budgeting: A Collaborative Approach for Nonprofits
A thoughtfully crafted budget is a blueprint for accomplishing your mission and program priorities. It does very little good if, once it is created, it disappears into your accounting system never again to be discussed with program leaders.
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The Nonprofit “CFO and” Syndrome: Strength or Symptom?
The key to identifying the right blend of skills, training, and experience for your financial leader starts with aligning the role you are seeking to the needs of your nonprofit. If the core needs of your organization expand across finance to HR, IT, facilities, and operations, then first consider whether one person should be responsible for all of these functions.