Guide to Financial Statements, Contribution Revenue Recognition, and Restricted Funds

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Guide to Financial Statements, Contribution Revenue Recognition, and Restricted Funds

Make informed decisions by understanding your financial statements

To fulfill their missions effectively, nonprofits need to maintain financial transparency, accountability, and compliance with regulatory standards.

This guide is designed to provide nonprofit leaders, board members, staff, and stakeholders with a clear understanding of the essential components of nonprofit financial reporting and the critical concepts surrounding contribution revenue recognition and restricted funds as they relate to these statements.

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Guide to Financial Statements, Contribution Revenue Recognition, and Restricted Funds

In this guide you’ll learn:

  1. What are the core nonprofit financial statements?
  2. What is contribution revenue recognition?
  3. Types of contributions and how they impact financial statements
  4. A deeper dive into restricted funds
  5. How restricted funds impact financial statements, and more

Download your guide and learn about understanding your financial statements.


Omar Visram
About Omar Visram
Omar Visram is the Co-founder and Head of Growth at Enkel Backoffice Solutions Inc. Headquartered in Vancouver, Enkel provides bookkeeping, payroll, accounts payable and accounts receivable services to over 300 organizations Canada-wide.