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Tag Archives: liabilities
More Liabilities, Please! Changes to Reporting Compensated Absences under GASB 101
In June 2022, the Governmental Accounting Standards Board (GASB) issued a new standard to update the guidance for reporting on Compensated Absences. GASB 101, Compensated Absences replaces the old standard GASB 16, which was issued over 30 years previously. GASB … read more
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Tagged Brittney Williams, compensated absences, financial report, GASB, governmental accounting, liabilities
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Useful Ratios for Liquidity Analysis for Nonprofits
Liquidity ratios are useful tools that can be used to assess a nonprofit organization’s ability to cover its short-term financial obligations and to analyze its financial situation. Liquidity is the ability to convert assets to cash in a very short … read more
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Tagged assets, Eric Taylor, financial statement, fixed assets, liabilities, liquidity ratio, nonprofit, NPO
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