What nonprofits need to know about asset valuation and impairments
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What nonprofits need to know about asset valuation and impairments

17 days ago · 3 min read

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Due to recent economic conditions and accounting standards updates, many qualitative and quantitative factors surrounding asset valuations have changed, often resulting in a requirement for evaluation of impairment. This article discusses common areas to review for NFPs with valuation and impairment considerations.

  • Accounts receivable: Nonprofit accounts receivable can come from a variety of sources, such as members and third parties. The effects of current economic conditions have impacted every organization and individual, and those effects should be assessed as qualitative

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