filed in Allocation on May.26, 2009
If you prepare financial statements for a non-profit organization, no doubt one of the challenges you face is how to allocate expenses to a function. Financial Accounting Standard No. 117 requires non-profits to report expenses by their functional classification, whether it be program services or supporting services. This was developed to help the users of [...]
filed in Charity Events on May.19, 2009
The Better Business Bureau recently held their annual Business Ethics Awards on April 30, 2009 at the Arizona Biltmore. The event honors businesses in the Valley of the Sun who have demonstrated high standards of ethical business conduct and practices, both internally and externally. I had the pleasure of attending this event with one of [...]
filed in Fundraising on May.12, 2009
During these economic times organizations are becoming more creative in how they try to drum up donations. One way an organization may be thinking of doing this is through fundraising activities such as bingo, lotteries, raffles, pull-tabs, etc. If this is a route your organization is thinking of taking, there are certain things you should [...]
filed in Fraud on May.05, 2009
Financial statement fraud differs from occupational fraud in one significant way: The goal of financial statement fraud is NOT to directly enrich the fraudster, but instead to mislead the users of the financial statements (i.e. the Board of Directors or the bank) about the performance of an organization. According to the 2008 Report to the [...]
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