If it weren’t for the availability of grants, many people would not be afforded the opportunity of education, let alone a career. A grant is a sum of capital that doesn’t have to be reimbursed to the donor. Grants can be awarded by various modes including organizations, foundations, companies and ordinary citizens who have the extra funding to spare.... continue reading →
When accountants discuss “revenue recognition” it may sound just a bit cloudy. When nonprofit accounting becomes part of the discussion, you may think that it is confusing. Deciding whether or not a source of funds is revenue can be difficult to determine. Not-for-profit businesses have trouble answering questions like “How do we account for contributions?” “Do we have an... continue reading →
