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How will CECL affect your not-for-profit?

Oct 01, 2023 · 2 min read

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In recent months, not-for-profits (NFPs) have been hit especially hard with “the big 3” standards: the new NFP financial reporting model, revenue recognition, and grants and contracts. Understanding and implementing these standards has taken up our most precious resource: time. But alas, we can reallocate that time and focus on our missions and other important projects that may have been “on hold” while implementation efforts were at an all-time high. Today, after tackling the big 3,

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