Check out our new nonprofit accounting digest!
We're excited about our first edition of a quarterly newsletter highlighting the latest trends in the industry of nonprofit accounting.
Here are the highlights of what’s included in this edition. Please click here for the full version
Pulse Check: Is It Time to Update Your Spending Policy?
2020 was quite the year. While we started off with record highs in the stock market, by mid-March, we saw the fastest 30% decline in the S&P 500 in the history of the index. Since then, we have continued to see many ups and downs, but we still saw overall gains in the stock market.
5 Steps to Maintain Donor Engagement in a Tumultuous Time
Privacy in the age of modern technology is a major concern for individuals and, moreover, is the focus of laws and regulations directed at organizations that use personal data. The fast-moving digital landscape has not only challenged current lawmakers, but has also resulted in an erosion of public trust in how data is used, stored, transmitted and protected. As organizations, including nonprofits, adopt new technologies, services and business operations, they must be proactive about their data policies and practices to assure individuals their personal data is safe, and likewise reduce the likelihood of data loss, unauthorized disclosure or misuse.
Accounting Technical Update
On June 16, 2021, the Financial Accounting Standards Board (FASB) released a proposed Accounting Standards Update (ASU) related to the Leases standard (Topic 842). The proposed ASU would improve the discount rate guidance for lessees that are not public business entities which includes nonprofit organizations, private companies and employee benefit plans.
To read full digest click here.
