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Now or later? When To Report Subsequent Events

Now or later? When To Report Subsequent Events

Financial statements present a company’s financial position as of a specific date, typically the end of the year or quarter. But sometimes events happen shortly after the end of the period that have financial implications for the prior period or for the future. Here’s...
Warning! 4 Signs Your Nonprofit Is In Financial Danger

Warning! 4 Signs Your Nonprofit Is In Financial Danger

Signs of financial distress in a not-for-profit can be subtle. But board members have a responsibility to recognize them and do everything in their power to avert potential disaster. Pay particular attention to: 1. Budget bellwethers. Confirm that proposed...
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