article thumbnail

Lease Accounting Updates that May Impact Your Business

VCFO

ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). These impacts will include major changes to accounting practices and financial reporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward.

article thumbnail

Understanding Functional Expenses for Nonprofits

The Charity CFO

This may include materials, advertising, salary of program administrators, a portion of your rent, and more. That may include special event costs, advertising, staff salaries, and more. . Being clear, consistent, and accountable in your reporting of expenses is a big step toward earning their trust. .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to Properly Record Revenue for Nonprofits

The Charity CFO

Sponsorships are often one-time donations in the form of advertisements or promotions for the sponsoring business. A strong in-kind donation recording system will help you stay in compliance with accounting standards for in-kind contributions. For example, a local restaurant sponsors your annual fundraising gala.

article thumbnail

Transcript: Cliff Asness

Barry Ritholtz

And I do think besides just the advertising aspect, I think one huge benefit to our business is we hire a lot of PhDs, including professors. Someone will write a paper saying the betting against beta strategy is really all only small cap stocks, and we’ll respond to that. It does go to our taste. RITHOLTZ: They have that.