For example, donor-specific financial statements should focus on transparency, impact and alignment of spending with mission goals. Meanwhile, for board members, nonprofits should tailor their ...

For example, companies must provide evidence of their financial standing and ability to make consistent payments to apply for loans. If the P&L statement reflects that a company does not generate ...

Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations ... the company’s financial statements.