CBIZ
  • White Paper
June 2, 2025

Misconceptions in Not-For-Profit Accounting: Understanding the Reality Behind the Standards

Table of Contents

Untangle the most common errors finance teams make when applying ASC 958 and related ASUs. Drawing on real-world audit examples, authors John D’Amico and Xixi Dong separate myth from fact regarding conditional contributions, revenue recognition, financial statement presentation, restricted cash, leases, and more. Each misconception is paired with a straightforward “reality check,” providing readers with practical takeaways they can apply immediately to enhance accuracy and compliance.

This guide will help you avoid costly missteps and strengthen stakeholder confidence. Download the white paper now to ensure your organization is working from the right playbook.

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